Pure, Alpha, Chi-X, et al. capture 33.6% of Canadian volume
2011-05-03 17:12 ET - Street Wire
by Stockwatch Business Reporter
Canada's alternative trading systems took 33.6 per cent of trading volume the week ended April 29, 2011. Alpha Trading Systems handled the most, 21.2 per cent of volume, followed by Chi-X Canada with 7.7 per cent. As usual, Pure Trading came third place, capturing 3.7 per cent; Omega came fourth, taking 1.7 per cent. On Omega's tail was dark pool Match Now with 1.4 per cent. Together, the Toronto Stock Exchange and TSX Venture Exchange were left with 66.4 per cent.
Looking at those securities listed only on the TSX, Alpha handled 22.1 per cent of volume, Chi-X handled 9.6 per cent and Pure handled 4.9 per cent. The TSX was left with 59.6 per cent.
After months of merger talk, the TMX Group and the London Stock Exchange have finally handed in their application to Canadian regulators. In other TMX Group news, its Montreal Exchange has a new video portal, M-X.TV. The exchange created the video collection in response to high demand for its in-person options day seminars. Now investors can access several videos, ranging from beginner to advanced, that teach about derivatives.
Also this week, algorithmic trading programs scrambled to make sense of Federal Reserve chairman Ben Bernanke's first postmeeting press conference. Normally computer trading systems would analyze new information based on past market performance, but in this case they had nothing with which to compare conference-related price movements. As well, algorithms are programmed to interpret electronic text by searching for key words; they cannot yet dissect speech. That meant the trading programs had to wait minutes for slow humans to transcibe Mr. Bernanke's words.'>Pure, Alpha, Chi-X, et al. capture 33.6% of Canadian volume
2011-05-03 17:12 ET - Street Wire
by Stockwatch Business Reporter
Canada's alternative trading systems took 33.6 per cent of trading volume the week ended April 29, 2011. Alpha Trading Systems handled the most, 21.2 per cent of volume, followed by Chi-X Canada with 7.7 per cent. As usual, Pure Trading came third place, capturing 3.7 per cent; Omega came fourth, taking 1.7 per cent. On Omega's tail was dark pool Match Now with 1.4 per cent. Together, the Toronto Stock Exchange and TSX Venture Exchange were left with 66.4 per cent.
Looking at those securities listed only on the TSX, Alpha handled 22.1 per cent of volume, Chi-X handled 9.6 per cent and Pure handled 4.9 per cent. The TSX was left with 59.6 per cent.
After months of merger talk, the TMX Group and the London Stock Exchange have finally handed in their application to Canadian regulators. In other TMX Group news, its Montreal Exchange has a new video portal, M-X.TV. The exchange created the video collection in response to high demand for its in-person options day seminars. Now investors can access several videos, ranging from beginner to advanced, that teach about derivatives.
Also this week, algorithmic trading programs scrambled to make sense of Federal Reserve chairman Ben Bernanke's first postmeeting press conference. Normally computer trading systems would analyze new information based on past market performance, but in this case they had nothing with which to compare conference-related price movements. As well, algorithms are programmed to interpret electronic text by searching for key words; they cannot yet dissect speech. That meant the trading programs had to wait minutes for slow humans to transcibe Mr. Bernanke's words.</a>
