UBS AG announced today that its global equities business is launching a new alternative trading system for crossing orders in US stocks.The firm said that the new crossing pool will enable client orders to interact with UBS’s US equity order flow – including client agency flow and its trading desks. It trades around 690 million […]
Instinet today announced the launch of an enhanced suite of algorithms, and a new connection to a source of so-called dark pool liquidity.
TSX Photon ATS to launch in 2009
Credit Suisse’s Advanced Execution Services announced that it is connected to TriAct Canada Marketplace’s MATCH Now alternative trading system as a trading destination for all of its algorithmic and direct market access systems for trading Canadian stocks.“At Credit Suisse AES, we strive to route orders wherever there is liquidity,” said Julie El-Taher, head of AES […]
Alternative trading system expected to launch in 2008 first quarter
Chi-X brand taking hold around the world, Instinet says
Another new alternative trading system, the Omega ATS, is due to be launched on December 6.Omega will provide the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform where customers will be able to trade at the Canadian Best Bid and Offer at competitive rates. It will initially support securities inter-listed on the […]
Alpha Trading Systems, the initiative of several bank-owned dealers to set up an alternative trading system, is moving ahead with new offices, a new identity, and a technology provider.Set to launch its trading during the second half of 2008, Alpha Trading Systems moved into its permanent offices in Toronto this week, officially transitioning from the […]
New initiative will bring block-size orders back into contact with active traders, algorithms and retail flow
The firm, which announced that it has now been one year since its members began trading Canadian equities, said that Liquidnet Canada, Inc. was the country’s top ATS and in the first half, facilitating an average trade size of 77,000 shares, compared with an average trade size of 8,453 shares on the Toronto Stock Exchange.“The […]