Alpha has entered into a relationship with TNS to provide connectivity services to support order flow and market data between Alpha and its trading partners, including other Canadian marketplaces, thus helping them to secure market position following their launch.
Karl Ottywill, Alpha's chief technologist said: "As a new player in the Canadian securities marketplace it was vital for Alpha Trading Systems to find service providers capable of accommodating the needs of our customers with immediate connectivity and a full range of services. 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."
TNS claims to have one of the world's largest financial communities of interest, connecting over 1,500 buy and sell-side institutions, market data and software vendors, exchanges and alternative trading venues.
John Owens, vice president for exchanges and ECNs at TNS, said: "We are delighted to welcome Alpha Trading Systems to our network and help it target new customers. TNS' Secure Trading Extranet is optimized to handle mission critical connectivity, including support for direct market access, making it a valuable low latency technology for the rapidly growing financial community.
"The addition of Alpha Trading to our portfolio bolsters our already substantial penetration into the Canadian ATS marketplace."
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