TMX Group Launches New US Equity ATS Venue

Rhea-AI Summary

TMX Group has announced the launch of AlphaX US, a new US Alternative Trading System (ATS) venue, marking its first international expansion for TMX Markets division. The platform is designed to enhance execution quality and will trade exclusively US-listed securities under Reg NMS regulations.

The new venue will serve FINRA-registered broker dealers and offers trading in all Regulation NMS common stock, exchange-traded funds, and American depository receipts. AlphaX US operates during regular U.S. market hours, with order entry available 60 minutes before market open.

Led by Heidi Fischer as President of TSX Alpha US, the platform focuses on execution performance and provides customization options, analytics, and easy implementation for the broker dealer community.

Positive

• First international expansion for TMX Markets division into US market
• Platform extends trading capabilities to include all US-listed securities
• Broadens customer base to include FINRA-registered broker dealers

Negative

• None.

News Market Reaction

+0.83%

1 alert

+0.83% News Effect

On the day this news was published, TMXXF gained 0.83%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AlphaX(TM) US marks first international expansion for TMX Markets

Toronto, Ontario and New York, New York--(Newsfile Corp. - January 22, 2025) - TMX Group today announced the launch of AlphaX™ US, a new US Alternative Trading System (ATS) venue, that is designed to create a trading environment with a focus on enhanced execution quality.

AlphaX US is the first venue expansion outside of Canada for TMX Group's Markets division and it will trade US-listed securities only (Reg NMS). Participants will be FINRA-registered broker dealers.

"After continuous consultation with our clients, we are proud to introduce AlphaX US, a venue that is focused on execution performance, and provides innovation and ease to the broker dealer community," said Heidi Fischer, President, TSX Alpha US. "There are several unique offerings within AlphaX US, and we have combined that functionality with a model that provides easy implementation, customization, and strong analytics for our partners. It's through feedback and collaboration with our stakeholders that we are able to deliver solutions that make markets better."

"One of our top priorities is solving for the business needs of our clients," said Luc Fortin, Global Head of Trading, TMX Group. "We are excited to embark on this next chapter of growth for TMX to build upon."

AlphaX US offers trading in all Regulation NMS common stock, exchange-traded funds and American depository receipts. The venue follows the U.S. equity market holiday calendar, and matches trades during regular U.S. market hours. AlphaX US allows order entry starting 60 minutes prior to the open and continuing throughout the trading day.

For more information about AlphaX US, please visit: us.tmxalphax.com.

About TMX Group (TSX: X)

TMX Group operates global markets, and builds digital communities and analytic solutions that facilitate the funding, growth and success of businesses, traders and investors. TMX Group's key operations include Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange, The Canadian Depository for Securities, Montréal Exchange, Canadian Derivatives Clearing Corporation, TSX Trust, TMX Trayport and TMX VettaFi, which provide listing markets, trading markets, clearing facilities, depository services, technology solutions, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across North America (Montréal, Calgary, Vancouver and New York), as well as in key international markets including London, Singapore and Vienna. For more information about TMX Group, visit www.tmx.com. Follow TMX Group on X: @TMXGroup.

For more information, please contact:

Catherine Kee
Head of Media Relations
TMX Group
416-671-1704
catherine.kee@tmx.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/237995

FAQ

What securities will TMX Group's AlphaX US (TMXXF) trade?

AlphaX US will trade all Regulation NMS common stock, exchange-traded funds (ETFs), and American depository receipts (ADRs).

When can trading orders be placed on TMX's AlphaX US platform?

Orders can be placed starting 60 minutes prior to market open and continue throughout the regular U.S. market trading hours.

Who can participate in TMX Group's new AlphaX US trading platform?

Only FINRA-registered broker dealers can participate in the AlphaX US trading platform.

How does TMX Group's AlphaX US expansion affect its market presence?

AlphaX US represents TMX Group's first venue expansion outside of Canada for its Markets division, marking a significant international growth milestone.