Pure Trading Set for Final Test on Alternative Trading System; Dealers representing over 95 per cent of Canadian equity trading volume have signed up to participate

Abstract

"This represents the culmination of more than a year's collective work by the key stakeholders and promises to be an historic moment and opportunity for all of us in the securities trading community," said Ian Bandeen, Vice-Chairman and CEO of Pure Trading. "We have built the first alternative visible auction market in Canada for exchange listed securities and we will bring real competition to the Canadian market for the first time."

"Pure Trading will be a better, faster and cheaper alternative to what dealers have in the marketplace now," Bandeen said. "You can tell by the excitement and chatter on the 'street' that this is a huge opportunity for everyone."