Hints and tips:
...Rather than the 40,000 people that normally fill the cavernous CHI Health Center for the occasion, he faced nothing but a bunch of video cameras....
...They were wedded to stockpicking and did not understand the potential to generate alpha [higher returns] by using ETFs for asset allocation....
...“Some of these are large, significant alpha-focused asset managers,” he said. “We should be able to treble our business on the continent in two years....
...The Toronto Stock Exchange’s share of equity trading was 65 per cent on May 30, and Alpha traded 14 per cent. Chi-X Canada had a share of 15.7 per cent and Pure Trading 1.6 per cent....
...That would boost the Toronto bourses’s share of share trading up to almost 90 per cent - where it used to be before Alpha and others, including a Canadian version of Chi-X, was launched three years ago....
...At a recent conference Alasdair Haynes, chief executive of Chi-X Europe, a trading platform, likened the markets’ obsession with speed to the dung-loving fungus....
...“We didn’t buy Chi-X, we bought FTEN and Smarts, and we obviously feel pretty good about that.”...
...TMX is also fighting back against rival venues such as Chi-X Canada and Alpha Trading, which have cut Toronto’s daily market share of equities turnover to 67 per cent and forced it to cut trading fees....
...Alpha’s strategy is partly shaped by outsiders’ concerns about its ownership structure....
...Outsize Greek letters affixed to the façades of buildings denote their society affiliation, be it to the Pi Kappa Alpha or Chi Omega orders....
...Related links: Letter-writing for stock exchanges – FT Alphaville Chi-X poised to move into Asia-Pacific – FT...
International Edition