Partners with Xignite to expand global reach
Orders will be migrated from Alpha ATS
Network in Canada grows with institutional investors seeking global liquidity
The proposed acquisition of Alpha by Maple Group may have implications for governance and conflicts of interest mechanisms in place for exchanges
Combined alternative trading system will account for 265% of European equities trading
Goldman Sachs dark pool will offer trading in all equity securities listed on the TSX denominated in Canadian dollars
Bignell confident ATS can take market share away from much bigger rivals
TMX Select is expected to compete head-on with rival alternative trading systems such as Chi-X Canada and Alpha Trading Systems
Operating on a separate platform, TMX Select will benefit from the new “order protection” rule
TMX Select will provide additional client choice, leveraging existing TSX connectivity