Canada’s Battle Royale Over the Trading Landscape

robert-fotheringham-tmx
Robert Fotheringham, TMX Group

Alternative trading systems (ATSs) have already taken significant market share away from the Toronto Stock Exchange (TSX), the country’s primary market, but may also have fueled overall market growth. This means that despite losing market share, TSX parent TMX Group, which also operates the TSX Venture Exchange, is still increasing its business and its profits.

The battle between the exchange and its newer competitors, such as Alpha, Chi-X, Omega, and Pure Trading, will also continue as some

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