TriAct Canada Marketplace Receives Regulatory Approval
OCTOBER 26, 2006 (TORONTO) ¡V TriAct Canada Marketplace LP (TriAct) announced today that it has received regulatory approval as an Investment Dealer in the Province of Ontario, and a Member of the Investment Dealers Association of Canada (IDA).
TriAct is a Canadian Alternative Trading System (ATS) that combines a confidential dark liquidity pool with streaming liquidity from Canadian dealers to provide price improvement over the public quote. TriAct is currently in the process of testing with third party system providers in preparation for launch, which is targeted for the first quarter of 2007.
¡§Regulatory approval is a key milestone in TriAct Canada¡¦s launch plans,¡¨ said Wendy Rudd, CEO of TriAct Canada. ¡§We look forward to completing the final steps toward introducing TriAct to the Canadian marketplace and to providing investors with an efficient way to help them achieve best execution¡¨.
About TriAct Canada Marketplace LP
TriAct (member, CIPF) will launch as an ATS for dealers and their DMA-eligible clients to trade Canadian listed equity securities. TriAct combines confidential call matches and continuous execution opportunities to offer better execution to institutional, proprietary and retail order flow. Orders can be matched passively or sweep through TriAct en route to another public marketplace, with automatic trade price improvement over the Canadian NBBO. TriAct is wholly owned by Investment Technology Group, Inc. (NYSE:ITG). TriAct„¥ ¡V Act Now. To obtain information on TriAct, please call 416-861-1010 or visit www.triactcanada.com.
CONTACT: Investment Technology Group, Inc.
Alicia Curran, 212-444-6130
SOURCE: Investment Technology Group, Inc.