Alpha ATS L.P. applied for exemptive relief from the requirement to be recognized as a stock exchange or exchange under the securities legislation of multiple jurisdictions, and for passport relief from the advance notice requirement under paragraph 6.6(b) of National Instrument 21-101 Marketplace Operation.
The relief was sought in connection with the operation of an Odd Lot Facility, which could be considered as providing a guarantee of a two-sided market.
The Ontario Securities Commission, acting as principal regulator, granted the requested exemptive relief subject to conditions, including compliance with ATS Rules and notification requirements if certain trading thresholds are met.
