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by Stockwatch Business Reporter

Alternative trading systems received 35.9 per cent of Canadian trading volume during the shortened week ended Aug. 9, 2013. Chi-X Canada held its lead for the 15th week in a row, trading an average of 102 million shares a day, or 16 per cent of volume. Alpha Trading Systems handled 59.5 million shares a day or 9.3 per cent. CX2 handled 24 million shares a day or 3.8 per cent of volume. In fourth place, dark pool March Now traded 15 million shares a day or 2.3 per cent. Pure Trading followed in fifth with 13 million shares a day or 2 per cent. Then came Omega ATS with 7.7 million shares a day or 1.2 per cent, and finally TMX Select with 6.8 million shares a day or 1 per cent. The Toronto Stock Exchange and the TSX Venture Exchange received the other 64.1 per cent.

Looking at companies listed only on the TSX, the exchange handled 60.8 per cent of volume. Chi-X captured 16.4 per cent, Alpha captured 10.1 per cent and CX2 had 4.2 per cent.

The TSX-V has confirmed that Aug. 31 will be the last day to arrange financings at prices under five cents. This means that companies trading under five cents, which currently comprise 40 per cent of TSX-V, will need to roll back before raising more money. There is some light on their horizon. The TSX-V has amended its rollback rules, so these less-than-five centers no longer need shareholder consolidation approval.

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