Tag Archives: TMX

Nasdaq stokes Canadian expectations

Buying Chi-X Canada was just the start. A suite of follow-on deals and Nasdaq’s announcement of plans to enter the dark pool market have many in Canada’s trading and listing community anticipating what’s to come
By Jim Middlemiss
May 30th, 2016

From the moment Nasdaq Inc. cemented its arrival into Canada last December with the $US110-million purchase of Chi-X Canada and its 22% share of the order flow of S&P/TSX Composite securities, expectations of a shake-up in the country’s trading and … Continue reading

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Old rival, new high ground

Don’t tell Jos Schmitt it’s trendy to blame high-frequency traders for corrupting the stock market. The former CEO of Alpha, the alternative exchange whose owners bought TMX Group in 2012, is launching a new exchange where predatory, high-frequency trading will be banned. In Schmitt’s view, the problem is so bad that issuers and investors will want to switch
By Jim Middlemiss
September 16th, 2013

Fairness. It’s a classic underdog sales pitch. But will it work when the “underdogs” are a group of high profile, deep-pocketed financial institutions, headed by a familiar CEO, planning to launch their own stock exchange in Toronto? That’s the gamble—and … Continue reading

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Vertically challenged

The TMX name remains and Thomas Kloet is still CEO, but now that Maple Group’s takeover is complete, Canada’s dominant exchange operator is set to embark on a new, yet decidedly uncertain course
By Jim Middlemiss
September 20th, 2012

Luc Bertrand, the leading voice in Maple Group Acquisition Corp.’s $3.8-billion takeover bid for the TMX Group Inc. (TSX:X), is finally getting his wish to pursue a “bold vision” and “build a new type of exchange for Canada.” That vision … Continue reading

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Market remaker

Alpha Trading Systems has applied to take on TMX Group in its core territory: listings. Can the bank-backed upstart be a low-fee giant killer as a registered exchange? Should it be allowed to try?
By Paul Brent
September 15th, 2010

Though its track record is short, the one thing critics, competitors and customers should have learned by now is not to take Alpha Trading Systems Inc. lightly. As fall begins, the bank-backed alternative trading system says it is on track … Continue reading

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