Alpha Trading Systems, a Canadian alternative trading system launched late last year, has established a connection to Transaction Network Services’ (TNS) extranet.
The connection will support order flow and market data between Alpha and its trading partners, including other Canadian marketplaces, thus helping Alpha to secure market position.
“As a new player in the Canadian securities marketplace, it was vital for Alpha to find service providers capable of accommodating the needs of our customers with immediate connectivity and a full range of services," said Karl Ottywill, chief technologist, Alpha. "When looking for service providers, TNS proved to be an ideal choice as they provide a secure, reliable, low latency service and connectivity to destinations we require. This includes a robust network and infrastructure in Toronto with Dual POPs and diversity of carriers available for immediate connectivity,” he noted.
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