Thomson Reuters and Canadian alternative trading system (ATS) provider Alpha plan to launch a suite of services intended to address market fragmentation data fragmentation in the Canadian markets, including an independent consolidated tape and hosted direct feeds, both companies said today.
Leveraging the two organizations combined expertise in the Canadian markets and Alphas technology facilities, the new tape, slated for launch in the first quarter of 2010, will allow traders to see share prices offered across the various exchanges and alternative trading facilities in Canada, including Alpha ATS, Pure, Chi-X and the TMX Group, the companies said. It will be derived from order and trade data from the various Canadian equity marketplaces, and will include access to pre- and post-trade market data.
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