Alpha ATS Targets Maker-Taker Model with Lower ETF Fees

Following an announcement last month that it would do so, Toronto-based Alpha Group alternative trading system (ATS) has cut its fees for trading exchange-traded funds (ETFs), from 35 mils—or hundredths of a cent—per share to 25 mils per share.

The lower fee will also apply to all securities priced between CAN$1 ($1.01) and $5 ($5.03). Alpha's price cut is intended to compete with the maker-taker fee model of other Canadian venues, says Jos Schmitt, CEO of Alpha Group.

"The maker-taker fee

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