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 Fidessaâs global connectivity network.
Jos Schmitt, CEO at Alpha ATS comments: âWe are pleased to be able to welcome Fidessa amongst our first technology partners. It clearly translates Fidessaâs 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.â
Martin Hakker, EVP Marketing at Fidessa, adds: âThe 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 Fidessaâs 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.â
Fidessaâs Canadian trading platform combines electronic order and execution workflow along with real-time, multi-currency trading, position keeping and reporting. Fully integrated advanced trading tools include: pairs trading, list management and wave trading tools along with Fidessa BlueBox; Fidessaâs Algorithmic Management System. Comprehensive real-time market data is also seamlessly integrated into the Fidessa trading platform, including fundamentals, charts and historical trade time and sales displays.
Fidessaâs global network carries over 130 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between over 1,800 buy-sides and 310 brokers across 100 markets worldwide.