FlexTrade connects to Alpha ATS

Source: FlexTrade Systems

FlexTrade Systems, a global leader in broker-neutral multi-asset algorithmic trading systems, today announced that its FlexTRADER EMS smart order router is providing full connectivity to Alpha ATS L.P. (Alpha ATS), Canada's newest high-performance, low-cost alternative trading system, which went live on November 7.

"It's a very active and exciting time for equity traders in Canada," said Vijay Kedia, President and CEO of FlexTrade. "The introduction of Alpha ATS is the next big leap forward for that market and by using the integrated smart order router technology available via FlexTRADER, our clients are now experiencing greater liquidity and lower transaction costs by accessing the entire suite of equity exchanges in Canada. In fact, almost 20 percent of Alpha ATS's executed trading volume has come from FlexTrade users since the system went live three weeks ago."

Jos Schmitt, CEO of Alpha ATS noted that "The successful integration of high velocity trading applications and smart order routers, such as FlexTRADER EMS, with our trading technologies is critical to the success of our marketplace. Hence we are very pleased to be able to welcome FlexTrade Systems amongst our first technology partners. It clearly demonstrates FlexTrade's commitment to the Canadian marketplace and its leadership role in providing new technologies and new opportunities to its clients."

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