Alpha Preps Canadian Consolidated Feed

Jos Schmitt, chief executive of Alpha Trading Systems, says the ATS will adapt the proposal it filed jointly with Chi-X at the end of last year, which proposed that the CSA should adopt a utility model for the SIP role. Although Alpha believes that a utility model would eliminate any conflicts of interest created by the SIP being a commercial entity with other interests, Schmitt admits that "now that the regulators [have] assigned the SIP to a commercial organization solely driven by profit, it