Canada regulator reviewing Alpha trading plan
Canadian market regulators are reviewing a plan used by some of the country’s biggest brokerages that would direct more orders to an alternative trading system they own.

Canadian market regulators are reviewing a plan used by some of the country’s biggest brokerages that would direct more orders to an alternative trading system they own.
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A Canadian financial regulator asked several bank-owned brokerages to clarify a recent “initiative” to switch orders from the Toronto Stock Exchange to Alpha Group, an alternative stock trading system that they own, the Globe & Mail reported, citing a letter sent to all the institutions with stakes in Alpha.
Asian stocks rose, extending the benchmark index’s advance for a third day, after U.S. reports showed an unexpected increase in pending home sales, a decline in initial jobless claims and improved retail sales.
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