TMX Presents: The Podcast

TMX Presents: The Podcast


Episode 029: Crossing Intents: TMX Markets introduce new Canadian trading platforms, Alpha-X and Alpha DRK.

October 18, 2023

In the third edition of TMX Presents: Crossing Intents, Doug and Corey are joined by Rizwan Awan, President, Equities Trading & Head of TMX Markets, Products & Services, TMX Group, for a deep dive on the concept of adverse selection, a situation where a party trades against you when you are likely to lose due to unequal information or a speed disadvantage. Following extensive feedback from clients, TMX Group is introducing two new trading platforms in Canada, Alpha-X and Alpha DRK, in Q4 2023 that aim to address adverse selection and create a fair and level playing field for all market participants. Hear how these new trading platforms seek to democratize speed and improve execution quality while providing more choices for investors.


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