Alpha Trading Systems (Alpha), the latest ATS to launch in Canada is already laying strong foundations and targeting growth in a competitive marketplace, after establishing a connection to Transaction Network Services' (NYSE:TNS) extranet.
Alpha has entered into a relationship with TNS to provide essential connectivity services to support order flow and market data between Alpha and its trading partners, including other Canadian marketplaces, thus helping them to secure market position following their successful launch.
Karl Ottywill, Alpha's Chief Technologist said: "As a new player in the Canadian securities marketplace it was vital for Alpha Trading Systems to find service providers capable of accommodating the needs of our customers with immediate connectivity and a full range of services. When looking for service providers, TNS proved to be an ideal choice as they provide a secure, reliable, low latency service and connectivity to destinations we require. This includes a robust network and infrastructure in Toronto with Dual POPs and diversity of carriers available for immediate connectivity."
TNS boasts one of the world's largest financial communities of interest, connecting over 1,500 financial community end-points, representing buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues. It has over 120 points of presence and provides services to customers in 28 countries across America, Europe and the Asia Pacific region, with its reach extending to many more.
John Owens, Vice President for Exchanges and ECNs at TNS, said: "We are delighted to welcome Alpha Trading Systems to our network and help it target new customers. TNS' Secure Trading Extranet is optimized to handle mission critical connectivity, including support for direct market access, making it a valuable low latency technology for the rapidly growing financial community.
"The addition of Alpha Trading to our portfolio bolsters our already substantial penetration into the Canadian ATS marketplace."