Investment Technology Group, Inc. (NYSE: ITG), a leading provider of technology-based trading services and transaction research, today announced the launch of MATCH NowSM, an alternative market that offers continuous, price-improved matching for dealers and clients trading Canadian equities.
MATCH Now is a product offering of TriAct Canada Marketplace LP (“TriAct”), a subsidiary of ITG Canada Corp. Orders for TSX-listed securities can be matched passively or swept through MATCH Now to the TSX or any another public marketplace. Executions occur inside the Canadian bid-offer spread. MATCH Now is a broker-neutral facility; TriAct does not participate as agent or principal in any trade.
“MATCH Now offers Canadian dealers and their clients a new method for matching equity orders with complete confidentiality while helping to ensure best execution,” said Wendy Rudd, CEO of TriAct. “As the Canadian marketplace continues to evolve, customers are seeking alternative liquidity destinations to efficiently meet their trading needs.”
“MATCH Now is a natural extension of ITG's global product suite, offering our clients continuous access to a new Canadian liquidity pool,” said Nick Thadaney, CEO of ITG Canada Corp.
TSX Datalinx, a division of TSX Inc., will distribute MATCH Now market data. MATCH Now will connect to LinxPointOne™, TSX Datalinx's data distribution product which provides global distribution of real-time market data via one point of contact.
