TMX launches ATS in US
The move represents the first expansion of the exchange group’s markets business outside of Canada.
TMX Group has officially extended its markets business into the US with the launch of the AlphaX US alternative trading system (ATS). It marks the exchange group’s first venue expansion outside of Canada as it looks to penetrate a market with more than two dozen alternative venue options.
Plans for the ATS were originally announced last year during TMX’s Q4 earnings call by CEO John McKenzie, who said it was “aimed at improving execution quality for buy-side clients south of the border.”
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