Alpha Group today announced that the Alpha ATS L.P. (Alpha ATS) achieved its first market share milestone on February 18, 2009.
On that day the Alpha ATS processed trades representing more than 10 per cent in volume and more than 16 per cent in value of all TSX listed securities, across all Canadian transparent marketplaces. 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," noted Jos Schmitt, CEO of Alpha ATS.
"It 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 per cent and the overall liquidity in those stocks reaching a never before seen depth. 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," added Jos Schmitt.