Alpha Group captured 30% market share across all transparent marketplaces on March 1, the company announced Tuesday.

The firm says that, for the first time since its launch in November 2008, the volume traded in TSX listed securities on Alpha ATS represented a market share of more than 30% across all Canadian transparent market places.

The market share in exchange-traded funds reached 52.3%; 10% higher than the second most active marketplace in these securities,

In the benchmark index securities, Alpha’s market share was very close to 30%. Additionally, the volume traded in TSX Venture Exechange listed securities reached a market share close to 11%.

“We are very pleased with achieving these new milestones,” said Jos Schmitt, CEO of Alpha Group. “I am convinced that the recent changes to trading fees initiated by Alpha and followed suit by other marketplaces, were critical to this accomplishment.”

“The fact that Alpha does not charge for opening auction trades and provides a full rebate on iceberg orders represents millions of dollars of additional monthly savings to the industry that market participants can benefit from when trading on Alpha,” he adds.

“These fee benefits combined with a higher likelihood of execution – as evidenced by Alpha’s order to trade ratio and average trade size – are fuelling Alpha’s growth and strengthening the competitiveness of our industry.”

IE