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Leapfrog economics?

Published in Automated Trader Magazine Issue 13 Q2 2009

Canada’s adoption of automated trading has been sudden and fast, and the transformation isn’t over yet. Demand is “skyrocketing” for advanced trading solutions, and there’s fierce competition between established and new trading venues. Have Canada’s markets leapfrogged whole stages of evolution, and if so, what’s in it for the rest of us?
William Essex went to find out.

Talking to Martin Hakker, country manager at Fidessa Canada, you get a sense of the spectacular upheaval that automation has brought to Canadian markets. Hakker says: "These are very interesting times. The industry has been used to only one marketplace, only one venue. All of a sudden there are huge opportunities here." For Hakker, the critical factor has been a virtuous circle of competition and innovation. "Canada is seeing new venues with new order types, supported by new technology

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