TMX Group launch AlphaX US
22 January 2025 US
Image: bluebay2014/stock.adobe.com
TMX Group has launched AlphaX US, an alternative trading system (ATS) venue designed to create an enhanced execution trading environment.
TMX Group says that AlphaX US is the first venue expansion outside of Canada for the firm’s group markets division, where it will trade US-listed securities only.
The ATS venue will also aim to offer trading in all regulation NMS common stock, exchange traded funds, and American depository receipts.
Heidi Fischer, president of TSX Alpha US, summarises: “After continuous consultation with our clients, we are proud to introduce AlphaX US, a venue that is focused on execution performance, and provides ease to the broker dealer community. There are several unique offerings within AlphaX US, and we have combined that functionality with a model that provides easy implementation, customisation, and strong analytics for our partners.”
“We are excited to embark on this next chapter of growth for TMX to build upon,” adds Luc Fortin, global head of Trading at TMX Group.
TMX Group says that AlphaX US is the first venue expansion outside of Canada for the firm’s group markets division, where it will trade US-listed securities only.
The ATS venue will also aim to offer trading in all regulation NMS common stock, exchange traded funds, and American depository receipts.
Heidi Fischer, president of TSX Alpha US, summarises: “After continuous consultation with our clients, we are proud to introduce AlphaX US, a venue that is focused on execution performance, and provides ease to the broker dealer community. There are several unique offerings within AlphaX US, and we have combined that functionality with a model that provides easy implementation, customisation, and strong analytics for our partners.”
“We are excited to embark on this next chapter of growth for TMX to build upon,” adds Luc Fortin, global head of Trading at TMX Group.
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