TMX advances plans to launch US equities ATS
New trading solutions and market data sources underpin the Canadian exchange group's growth strategy.
Canadian exchange group TMX has advanced plans to launch a US equities alternative trading system (ATS), CEO John McKenzie told shareholders during the exchange’s Q4 earnings call on Tuesday.
The trading initiative is “aimed at improving execution quality for buy-side clients south of the border,” McKenzie said.
Technology development for the platform is “well underway,” and the exchange is looking to launch it as soon as the end of the year, pending regulatory approvals.
The launch will follow
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