Alpha Consortium Selects Cinnober Trading Technology
Following its high-profile contract win with the Turquoise consortium last month, Swedish vendor Cinnober Financial Technology is now reporting a deal to provide a platform for the Alpha ATS which is being established by a coalition of Canadian banks. Alpha is being set up by nine of the biggest investment dealers in Canada - including BMO Capital Markets, CIBC World Markets, Desjardins Securities, RBC Capital Markets, Scotia Capital and TD Securities - to compete with the Toronto Stock Exchange. Stockholm-based Cinnober says it will provide a low latency trading platform for the Alpha project based on its TradeExpress technology.
Technorati Tags: Cinnober, Project Turquoise, Toronto Stock Exchange, Alpha ATS, TradeExpress
