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To: robnhood who wrote (63632)	12/11/2010 10:20:10 PM
From: Boolish	Respond to of 233880

If this is such a widespread problem I wonder why exchanges are not setting volume records continually. Thanks for the post Vet...as I figured.

To: robnhood who wrote (63632)	2/24/2011 8:50:16 AM
From: Veteran98	Read Replies (1) \| Respond to of 233880

Pure in third, Alpha reduces fees for stocks under $1 Ticker Symbol: C:CNSX Pure in third, Alpha reduces fees for stocks under $1 Canadian National Stock Exchange (C:CNSX) Wednesday February 23 2011 - Street Wire by Stockwatch Business Reporter During the week ended Feb. 18, 2011, Canada's alternative trading systems handled 28.6 per cent of the country's stock trading. The most active ATS was Alpha Trading Systems with an average of 263.5 million shares a day or 19.4 per cent. Chi-X Canada was the second most active with an average of 59.5 million shares a day, or 4.3 per cent. In third place came Pure Trading with an average of 44.5 million shares a day, or 3.2 per cent. Omega ATS came last with an average of 21.2 million shares a day or 1.5 per cent. Looking only at the Toronto Stock Exchange, Alpha took 21.8 per cent of the business. Chi-X took 7.8 per cent and Pure took 4.1 per cent, leaving the TSX with 63 per cent. Alpha has apparently decided to be more competitive in stocks trading under $1 by reducing its active fees. Beginning March 1, the ATS will charge the active side 0.03 of a cent, down from 0.04 of a cent. Rebates for the passive side will remain unchanged at 0.02 of a cent. The TMX Group also charges the active side 0.03 of a cent for stocks under $1, but it rebates the passive side just 0.01 of a cent. Alpha notes that its net fees for securities under $1 are now 0.01 of a cent per share, while its competitors net fees range from 0.02 of a cent to 0.03 of a cent. As the ATS's chief executive officer, Jos Schmitt, tells it, this is just part of Alpha's "unwavering commitment to reduce the cost of trading in Canada." For stocks over $1 but under $5, Alpha seems to have better rates than the TMX Group. Alpha charges the active side 0.25 of a cent and rebates the passive side 0.21 of a cent. Stocks greater than $5 have active fees of 0.35 of a cent and passive rebates of 0.31 of a cent. The TMX Group has a two-tiered structure, covering stocks $1 and under (see above) and stocks over $1. For stocks over $1, it charges the active side from 0.33 of a cent to 0.35 of a cent depending on volume, and rebates the passive side from 0.31 of a cent to 0.32 of a cent. Also this week, major news outlets continued covering the merger plans of the London Stock Exchange and the TMX Group. According to the numerous reports, the LSE hopes the merger will attract business, which it has been losing to its lower-cost ATS competitors. The TMX Group talks of more liquidity, better technology, lower trading costs and access to large, almost mysterious, pools of capital -- all of which would make it also more competitive against its pesky ATSs. Pure Trading's Ian Bandeen is a stock exchange man, one of the few who can speak plain English, unadorned with business buzzwords. He says he has "yet to see how any of this is bad for either of our businesses [CNSX and Pure]," and the same goes for all the ATSs. If the deal is done right, says Mr. Bandeen, it will be good for the TMX, which needs to do something given its cost, technology and structural problems. Another of the often-touted virtues of this much-touted merger goes something like this: After the merger, the managers who now manage the TSX and TSX-V from Canada will continue to manage the TSX and the TSX-V from Canada; and those who now manage the LSE and the AIM from London will continue to manage the LSE and the AIM from London. The most obvious change is that the company that will own Canada's exchanges will be about twice as big as the company that now owns Canada's exchanges. Exchange leaders, such as TMX Group chairman Wayne Fox, will be leading a company twice as large as the one they now lead. They will be, as the saying goes, on the global stage. Mr. Fox's TMX Group had a little more news this week. The company bought 50 per cent of Australian-based PCF MinesOnline.com Pty. Ltd. MinesOnline is a website for those looking to buy or sell mining projects. Vendors and optionors post their projects on-line and wait for a buyer. The cost of posting a project starts at $10,000 (Australian) for six months. The website says it has helped 27 transactions of between $300,000 and $10-million since 1999. There is more business in love. The dating site Match.com, says each year it helps hundreds of thousands of people find love at $40 a month.