The Alpha ATS LP achieved its first market share milestone on Wednesday as the ATS processed trades representing more than 10% in volume and more than 16% in value of all Toronto Stock Exchange-listed securities across all Canadian transparent marketplaces, the Alpha Group announced on Thursday.

This first milestone was achieved only two weeks after the date Alpha started trading all TSX-listed securities on its platform.

“Considering the various challenges we still need to overcome together with our stakeholders with respect to routing technologies, data consolidation, elimination of trade-throughs and others, this achievement is extremely promising,” said Jos Schmitt, CEO of Alpha ATS.

“This tells us a lot about what our real potential is once order flows will be pointed at Alpha across the board. The experience we had with some securities where this happened showed us, on certain days, an overall market share in those securities reaching up to 70% and the overall liquidity in those stocks reaching a never before seen depth,” Schmitt added. “Alpha established itself now as a major marketplace in Canada that everyone will need to take into account to ensure best execution. For us it is another important step in our journey.”