A new alternative trading system (ATS), TriAct Canada Marketplace LP, announced that it has received regulatory approval as an investment dealer in Ontario, and as a member of the Investment Dealers Association of Canada.

TriAct is a Canadian ATS that combines a confidential dark liquidity pool with streaming liquidity from Canadian dealers to provide price improvement over the public quote. TriAct is currently in the process of testing with third party system providers in preparation for launch, which is targeted for the first quarter of 2007.

“Regulatory approval is a key milestone in TriAct Canada’s launch plans,” said Wendy Rudd, CEO of TriAct Canada. “We look forward to completing the final steps toward introducing TriAct to the Canadian marketplace and to providing investors with an efficient way to help them achieve best execution.”