The platform exclusively trades US-listed securities and operates during regular US market hours.
The acquisition expands TMX Group’s capabilities in data, analytics, and indexing.
TMX Group, the operator of the Toronto Stock Exchange, has
announced the launch of AlphaX US, a new Alternative Trading System (ATS)
venue. The platform focuses on enhancing execution quality and marks TMX
Group's first expansion outside Canada for its Markets division.
Separately, TMX Group has finalized the acquisition of the
remaining 78% stake in VettaFi Holdings LLC. Combined with its earlier 22%
investment, the total acquisition cost is $1.03 billion (CAD 1.40 billion).
AlphaX US Offers Customization and Analytics
"After continuous consultation with our clients, we are
proud to introduce AlphaX US, a venue that is focused on execution performance,
and provides innovation and ease to the broker dealer community," said
Heidi Fischer, President, TSX Alpha US.
AlphaX US will exclusively trade U.S.-listed securities,
including common stocks, exchange-traded funds, and American depositary
receipts under Regulation NMS. Participants must be FINRA-registered
broker-dealers.
"There are several unique offerings within AlphaX US,
and we have combined that functionality with a model that provides easy
implementation, customization, and strong analytics for our partners. It’s
through feedback and collaboration with our stakeholders that we are able to deliver solutions that make
markets better," Fischer added.
New Trading System Fulfills Client Needs, TMX Says
Luc Fortin, Global Head of Trading, TMX Group, Source: LinekdIn
The system adheres to the U.S. equity market holiday
schedule and operates during regular US market hours. Order entry opens 60
minutes before trading begins and continues throughout the trading day.
"One of our top priorities is solving for the business
needs of our clients," commented Luc Fortin, Global Head of Trading, TMX
Group. "We are excited to embark on this next chapter of growth for TMX to
build upon."
TMX Group Finalizes VettaFi Acquisition Deal
VettaFi, a US firm specializing in indexing, analytics, and
digital distribution for the ETF and asset management sectors, generates over
80% of its revenue from recurring sources, as reported by Finance Magnates.
This
purchase supports TMX Group’s strategy to expand its recurring revenue and
data-driven products. Financed by $1 billion in bank debt, the deal is expected to
benefit TMX's adjusted EPS in its first year. VettaFi will operate under TMX's
Global Solutions division.
TMX Group, the operator of the Toronto Stock Exchange, has
announced the launch of AlphaX US, a new Alternative Trading System (ATS)
venue. The platform focuses on enhancing execution quality and marks TMX
Group's first expansion outside Canada for its Markets division.
Separately, TMX Group has finalized the acquisition of the
remaining 78% stake in VettaFi Holdings LLC. Combined with its earlier 22%
investment, the total acquisition cost is $1.03 billion (CAD 1.40 billion).
AlphaX US Offers Customization and Analytics
"After continuous consultation with our clients, we are
proud to introduce AlphaX US, a venue that is focused on execution performance,
and provides innovation and ease to the broker dealer community," said
Heidi Fischer, President, TSX Alpha US.
AlphaX US will exclusively trade U.S.-listed securities,
including common stocks, exchange-traded funds, and American depositary
receipts under Regulation NMS. Participants must be FINRA-registered
broker-dealers.
"There are several unique offerings within AlphaX US,
and we have combined that functionality with a model that provides easy
implementation, customization, and strong analytics for our partners. It’s
through feedback and collaboration with our stakeholders that we are able to deliver solutions that make
markets better," Fischer added.
New Trading System Fulfills Client Needs, TMX Says
Luc Fortin, Global Head of Trading, TMX Group, Source: LinekdIn
The system adheres to the U.S. equity market holiday
schedule and operates during regular US market hours. Order entry opens 60
minutes before trading begins and continues throughout the trading day.
"One of our top priorities is solving for the business
needs of our clients," commented Luc Fortin, Global Head of Trading, TMX
Group. "We are excited to embark on this next chapter of growth for TMX to
build upon."
TMX Group Finalizes VettaFi Acquisition Deal
VettaFi, a US firm specializing in indexing, analytics, and
digital distribution for the ETF and asset management sectors, generates over
80% of its revenue from recurring sources, as reported by Finance Magnates.
This
purchase supports TMX Group’s strategy to expand its recurring revenue and
data-driven products. Financed by $1 billion in bank debt, the deal is expected to
benefit TMX's adjusted EPS in its first year. VettaFi will operate under TMX's
Global Solutions division.
Tareq is a financial writer with 15 years of experience covering global markets. His work spans technical analysis, forex broker reviews, and market sentiment, with a focus on topics relevant to retail traders. He joined Finance Magnates in 2023.
At Finance Magnates, he serves as News Editor, covering retail forex and CFD brokers, cryptocurrency exchanges, fintech firms, and regulatory developments shaping the trading industry. He holds an Honours degree in Information Technology from Anfell College, London.
Education:
Honours degree Information Technology, Anfell College, London
Cboe Files SEC Proposal for 24x5 Trading on EDGX: Also Plans Partial-Payout Prediction Markets
Finance Magnates Awards 2026 – Nominations Now Open
Finance Magnates Awards 2026 – Nominations Now Open
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
The Finance Magnates Awards 2026 nominations are now open. 🏆
From fintech innovators to leading brokers, this is where the finance industry celebrates its biggest achievements.
Winners will be announced at the Cyprus Gala Dinner on November 6, 2026.
Nominate your brand now.
https://awards.financemagnates.com/?utm_source=linkedin&utm_medium=video&utm_campaign=nominations-open
#FMAwards #FinanceMagnates #FintechAwards #Fintech #FinanceIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Finance Magnates Awards 2026 | Nominations Now Open 🏆#Fintech #FMAwards #TradingIndustry
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Lights on. Cameras ready. 🎬
Finance Magnates Awards 2026 nominations are now open. 🏆
#FMAwards #FinanceMagnates #FintechAwards #Fintech
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Exness sees trust as the key theme for growth in MENA Trading Growth for 2026
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Mohammad Amer, Regional Commercial Director at Exness, sits down to discuss the booming MENA financial trading market. Find out why Dubai is key to the company's growth strategy, how a mobile-first generation is changing expectations, and why trust will be the defining theme for traders in 2026.
In this interview, you'll learn:
* Why Dubai and the MENA region are critical growth markets for fintech and online trading.
* How Exness is addressing the demands of mobile-first, younger traders through engineering, platform stability, and transparent conditions.
* The essential role local talent plays in providing a culturally relevant and compliant user experience.
* Mohammad Amer's outlook on the future of the online trading industry and why stronger controls and systems are necessary.
* Why "trust" isn't just a brand value, but has commercial value—and why he predicts 2026 will be the "Year of Trust."
Key Takeaways:
➡️ The MENA region is rapidly shaping global financial markets.
➡️ New traders expect stability, precise execution, and transparency.
➡️ Local expertise is key to regulatory compliance and user experience.
➡️ Future success belongs to firms capable of meeting rising standards across regulation and platform consistency.
Read the full article at: https://www.financemagnates.com/thought-leadership/exness-sees-trust-as-the-key-theme-for-growth-in-mena-trading-growth-for-2026/
#Exness #MENA #Trading #FinTech #Dubai #OnlineTrading #FinanceMagnates #MohammadAmer #Trust #MobileTrading
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
Paytiko CEO Razi Salih on Why Payment Orchestration is a MUST-HAVE for Brokers in 2026
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
At iFX Expo Dubai, Finance Magnates spoke with Razi Salih, CEO at Paytiko, about the evolution of the payments ecosystem and why payment orchestration has shifted from an option to a necessity for brokers, prop firms, and exchanges.
Mr. Salih explains how global expansion, the need for deep localisation, and the sheer number of new payment methods, from instant banking to stablecoins, are driving this critical infrastructure shift.
#PaymentOrchestration #Fintech #Brokerage #TradingPayments #RaziSalih #Paytiko #iFXExpoDubai #Stablecoins #AIinFintech
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav: Solving Data Fragmentation & Lag for Brokers & Prop Firms
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
Altima CTO Sunil Jadhav sits down with Finance Magnates to discuss the core technology challenges facing CFD brokers and proprietary trading firms today.
Jadhav explains how the industry's reliance on batch processing and fragmented systems (where CRMs, risk tools, and trading platforms operate with separate 'sources of truth') leads to delayed data and inconsistent operational decisions. He argues that real-time event processing is essential for managing fast-moving trading activity and risk.
Learn how Altima's unified, event-driven architecture, connecting Altima CRM, Altima Prop, IB systems, and risk management through a single backbone, is designed to provide synchronous data and better operational coordination for modern brokerage and prop firm stacks.
Key Topics:
- Broker and Prop Firm Data Challenges
- The problem of delayed data processing (batch processing vs. real-time events)
- Fragmented systems and conflicting data sources
- Altima's unified, event-driven solution architecture
- The concept of a "risk-aware CRM"
- Built-in risk management in Altima Prop
#Altima #financemagnates #iFXDubai #FinTech #BrokerTech #PropFirm #CFDBroker #TradingTechnology #RealTimeData #RiskManagement #CRM #FinancialMarkets #EventDrivenArchitecture
