The Alpha Order Router offers the Trade Through Management (TTM) service and Route Out to Close (ROC) service.

Trade Through Management (TTM) - The TTM service will route orders, in part or in whole, to appropriate marketplaces with the objective of assisting clients in satisfying regulatory obligations to not trade through displayed better priced orders on such marketplaces. The TTM service is available for use on: (i) an enterprise level allowing for all inbound orders from a client to be processed by the TTM service; and (ii) an individual order level allowing for specific inbound orders only to be processed by the TTM service.

Route Out to Close (ROC) - The ROC service allows designated eligible orders booked on Alpha ATS to participate in the TMX closing auction by re-routing eligible orders from Alpha ATS to the TSX shortly prior to market close.

• Please click here to download the Alpha Order Router Description of Services.