The Ontario Securities Commission today issued a notice approving Alpha Group's application to become a recognized exchange. The recognition will be effective on February 1, 2012 or on the date that the operations of Alpha ATS are legally transferred to Alpha Exchange, whichever is later.
The new Alpha Exchange intends to operate two distinct listing markets referred to as Alpha Main and Alpha Venture Plus. According to Alpha, issuers on the latter market are intended to be similar to issuers within Tier 1 of the TSX-V. The notice of approval also includes copies of the listing handbooks for each market.
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