Alpha Group has announceda revised launch date for its new alternative trading system, Alpha Trading Systems, which is now set to go live on Nov. 7, 2008. Its original Sept. 26, 2008 debut was reportedlydelayed because of data distribution issues in testing.
Touted as a competitor to the Toronto Stock Exchange, Alpha is owned by Canada’s major brokerage firms, and the Canada Pension Plan Investment Board. The Alpha site lists 10 companies that will be available for trading on the new equities platform on launch day. These include such corporations as Canadian Tire, Loblaw Cos. Ltd. and TransAlta Corp.