HFT Turns Sour for North American Exchanges

TMX's changes mark a wider shift in the US and Canadian landscapes.

toronto-silhouette-1-web
Many businesses are doing well out of an arm's length approach to HFT.

TMX, which operates the Toronto Stock Exchange, Alpha Group and other venues and depositories, will introduce a number of changes to the way it structures its business, and address concerns over flow and execution quality. The group will close its TMX Select business and Alpha IntraSpread dark pool, while also eliminating the opening auction on Alpha. The venue's technology will be migrated to its new Quantum XA trading engine.

However, the key changes are coming to the ways in which the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@waterstechnology.com or view our subscription options here: http://subscriptions.waterstechnology.com/subscribe

You are currently unable to copy this content. Please contact info@waterstechnology.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Waterstechnology? View our subscription options

Nasdaq reshuffles tech divisions post-Adenza

Adenza is now fully integrated into the exchange operator’s ecosystem, bringing opportunities for new business and a fresh perspective on how fintech fits into its strategy.

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here