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by Stockwatch Business Reporter

Canada's alternative trading systems, including Alpha Exchange, captured 31.7 per cent of trading volume during the week ended May 11, 2012. Alpha held its lead, trading an average of 144.9 million shares a day, or 15.7 per cent of volume. Chi-X Canada remained in second place, trading an average of 65.5 million shares a day, or 8.9 per cent of volume. Dark pool Match Now took third place, trading 18.8 million shares a day or 2.5 per cent. Then there was Pure Trading with 15.4 million shares a day or 2.1 per cent, followed by TMX Select with 9.3 million shares a day or 1.2 per cent. Finally, Omega ATS handled 7.9 million shares a day or 1 per cent of volume. The Toronto Stock Exchange and the TSX Venture Exchange were left with a commanding lead of 68.3 per cent.

Of securities listed only on the TSX, Alpha grabbed 20 per cent of volume, Chi-X handled 9 per cent and the exchange was left with 63 per cent.

A year ago today, on May 15, 2011, Maple Group made its first bid for the TMX Group, which still awaits approval from regulators. The Alberta Securities Commission has finished reviewing the merger, but plans to wait for the other provincial regulators before it finalizes its orders. The Ontario Securities Commission's draft rules remain open for public comment until June 4.

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