Based TMX /quotes/comstock/11t Toronto!e:x (Ca:x 31.69, 0.00, 0.00%) said the alternative trading system will operate separately from the TSX, offering a new source of liquidity to the inversores.Llamado TMX, also select will have new prices, expanded trade hours, and a function "batch plate", requiring offices be done at shares of 100, said the spokesperson TMX Carolyn Quick.
/ Quotes/ComStock/11T!e:x X 31.69, 0.00, 0.00%However, the company has not yet extended them trading hours released or released its system of precios.está waiting for regulators to approve your request, the Exchange said on Monday.
If successful, the TMX Group will be the first Canadian company to "operates in two books," that runs a registered Exchange, TSX, and a commercial alternative platform, said Doug Clark, managing director of BMO Capital Markets in Canada.
The idea of adding alternative trading platforms is one that has already rooted in the United States, said Clark.
It's a pretty big down States concept, he said, referring to the Nasdaq OMX Group Inc. /quotes/comstock/15 *!NDAQ, quotes, nls/ndaq (NDAQ 19.96, + 0.08 + 0.40%) expected to launch its new U.S. bag Friday.Nasdaq announced the past received the U.S. Securities and Exchange Commission regulatory approval to go ahead with the launch of its PSX stock exchange.Read more brings new stock exchange NASDAQ here.
Because TMX has held a number of details of the new system of trade secret as it undergoes the process of approving regulatory, many traders and analysts have more than a "wait and see" attitude, said Spanish Clark.
Google announced a handful of partners working together with the internet search giant to help deliver his Google television service.
"It is a great unknown, said.""More than nothing the curiosidad.TSX not to show his hand completa.No want to talk about their competitors which comes down the pipe before launch."
TMX anticipates that the system will be ready to trade in the second quarter of the year 2011.Recientes discussions between TMX and regulators have indicated that the regulatory approval process could take both as 6 months, fast, said.
The launch of the selection of TMX is the second attempt of the company in the creation of a project called "Photon" since the beginning of 2008, which officially launched ever alternativa.Dentro platform quickly, said.
The new Exchange will operate on the platform "TMX quantum" of the company, but merchants will have access to the new order book using their existing TSX connectivity, said the Exchange.
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