Current Trade

Wednesday, March 23, 2011

The Alpha exchange

Has anyone seen a release from a company that is boasting about making a listing on the Alpha exchange?

If stocks listed on the TSX and Venture are being routed to trade on an exchange other than the TSX... then we have little more than a Market Maker by the name of  the "Alpha Exchange" no matter how they paint the picture... the results are in the practice... and results for this trader are now at a disadvantage... This alpha exchange is orchestrated by a coalition of Canadian Banks... and we know when anything is orchestrated by banks... the benefactors are banks.

If it wasn't for the fact that orders are being routed to the Alpha exchange.. the Alpha exchange would have no liquidity.... Screening is a function of routers and is done in many other instances.... We scan for stocks that meet certain criteria... as an example.....  A filter is a filter is a filter.

I have been told by Waterhouse (not speaking for any other trading houses) that any stocks with a share price under a dollar will automatically be routed in a large part to the Alpha exchange...
Our orders are being filtered to a market maker... of which is at this time shrouded in mystery and disinformation a likely presentation on their website IMOP.

You want a suckers read this sales pitch... look over the FAQs......

The smart Routing system is said to provide liquidity and best price... the TSX is a monopoly and monopolies in some cases are bad (quite a sales pitch), but in this case transparency easily outweighs the condition (with The TSX we know the devil we are dealing with), and in fact provides transparency that is sorely needed when dealing with banks.

Practical experience by this trader when orders have been routed is delays.... and increased risk...
Anybody who knows anything about networking knows that when you introduce a new segment into the network...  it is about security and segregation... it separates the company from the public when and where it wants....  and most important... there is a latency factor which wipes out any advantage in speedy execution of orders... not to mention the distinct lack of transparency....

Bottom line... we have what appears to be the OTCBB... style trading system being born in Canada...
IMOP... such a system is open to extreme abuse... and as we have witnessed the type of abuse in the States and the lack of transparency and freedom to commit banking crimes.. is without any repercussions.

GLTA Lostoutwest

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