by Stockwatch Business Reporter
Alternative trading systems handled 34.1 per cent of Canadian trading volume during the week ended June 1, 2012. Alpha Exchange held its lead, with 18.6 per cent of volume by trading an average of 132.8 million shares a day. Chi-X Canada received 9 per cent, trading an average of 64.3 million shares a day. Dark pool Match Now came third with 2.22 per cent, trading 15.8 million shares a day, while Pure Trading followed close behind with 2.21 per cent, trading 15.7 million shares a day. TMX Select handled 1 per cent with 7.3 million shares a day, and Omega ATS handled 0.9 per cent with 6.8 million shares a day. The Toronto Stock Exchange and the TSX Venture Exchange were left with 65.9 per cent of Canadian trading volume.
Of securities listed on the TSX, the exchange handled 59.7 per cent of volume. Alpha took 21.5 per cent, Chi-X took 10.3 per cent and together the other ATSs handled the remaining 8.5 per cent.
Maple Group has once again extended its $3.8-billion bid for the TMX Group, to July 31 from May 31. The TMX Group has also reported its May trading statistics. TSX trading volume increased 12 per cent in May from April, but dropped 10 per cent from May, 2011. Volume on the TSX fell 5 per cent from last month, and 38 per cent from May, 2011.
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