by Stockwatch Business Reporter
Canada's alternative trading systems captured 31.9 per cent of trading volume during the last week of August. Alpha Exchange kept its lead, but handled only 99 million shares a day, on average, for 16.8 per cent of volume. Chi-X Canada followed with 51.8 million shares a day or 8.8 per cent. Pure Trading took third place with 12.2 million shares a day or 2 per cent. Then there was dark pool Match Now with 11.9 million shares a day or 2 per cent. Omega ATS and TMX Select tied for last place, both trading 6.47 million shares a day or 1 per cent of volume. The Toronto Stock Exchange and the TSX Venture Exchange were left with 68.1 per cent.
Looking only at TSX-listed securities, Alpha handled 19.4 per cent of volume. Chi-X handled 10.5 per cent and the exchange had 61.5 per cent.
Chi-X failed to hold on to the record 12.7 per cent of volume it captured last week. Meanwhile, the ATS, which already has plans to expand in Canada and Brazil, is looking to launch in Korea. Korea's financial services commission has proposed changing the current laws, after which ATSs could challenge the current monopoly of the Korean Exchange.
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