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Fidessa connects to Alpha ATS

13 November 2008  |  1841 views  |  0 Source: Fidessa

Fidessa group (LSE:FDSA), provider of trading systems, market data and global connectivity today announced its connectivity to Alpha ATS L.P., the newly launched Canadian alternative trading system for trading securities listed on Canadian marketplaces.

Alpha ATS is a new execution venue in Canada that will trade all securities listed on the TSX or TSX Venture Exchange. Leveraging new technology, innovative trading services and a highly efficient operating model, it intends to increase market liquidity and efficiency. Alpha ATS is part of the Alpha Group that also provides market data services, market related technology services and a trade through management facility.

Access to Alpha ATS is available through the Fidessa Canadian trading platform or via FIX through Fidessa's global connectivity network.

Jos Schmitt, CEO at Alpha ATS comments: "We are pleased to be able to welcome Fidessa amongst our first technology partners. It clearly translates Fidessa's commitment to the Canadian marketplace and its focus on staying on top of change and evolution. I have been very impressed with their commitment to this initiative and the professionalism they have shown throughout the project."

Martin Hakker, EVP Marketing at Fidessa, adds: "The Canadian markets are continuing to expand, so in this multi-market environment, it was imperative that we connected to Alpha ATS as soon as it launched. This enables our customers to achieve not only connectivity but also best execution via Fidessa's Smart Order Router. We are pleased to have Alpha ATS on board as we continue to offer our customers the greatest choice of destinations to trade."

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