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by Stockwatch Business Reporter

Pure Trading was the third most active of Canada's alternative trading systems in the week ended Aug. 20, 2010. The most active, once again, was Alpha ATS, which averaged 133.1 million shares per day. Chi-X Canada took second place with 30.7 million, followed by Pure Trading with 12.9 million. Placing fourth was dark pool Match Now, which averaged 7.6 million shares a day, while Omega ATS came last with 3.1 shares. Combining their volumes, the ATSs accounted for 25.7 per cent of the Canadian market, up from 12.4 per cent one year ago.

Chi-X has moved its Toronto data centre to Front Street from King Street. It plans to use the King St. centre as a secondary facility.

Also this week, Alpha released its "Why Choice Matters" presentation from the Canadian Security Traders Conference. The ATS says the cost of trading is still too high, although it touts that its new IntraSpread facility will charge at least 50 per cent less than competitors. Alpha is trying to attract dealers who are benefiting from preferential TMX Group fees.

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