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TMX Gets Nod To Roll Out Trading System

TMX Group is set to launch its alternative trading market in nearly a month.

TMX Group is set to launch its alternative trading market in nearly a month. The group’s alternative equities trading system, TMX Select, has received approvals from the Investment Industry Regulatory Organization of Canada and the Ontario SecuritiesCommission.

The group, which owns the Toronto Stock Exchange, the Montreal derivatives exchange and other markets, may roll out TMX Select on July 11. TMX Select will charge both liquidity seekers and liquidity providers the same fee as per its pricing model.

Click here for the release from TMX.

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