Cross trades RBC use of the TSX vs Alpha Exchange

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Fisheric

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Cross trades RBC use of the TSX vs Alpha Exchange

posted on Sep 16, 2010 03:07PM

From 11AM to 12:15 RBC transacted 82,000 shares in cross trades on the TSX.

Only 5000 shares were transacted this morning on the Alpha exchange as a cross trade

Very few shares are available at the current market price on the Alpha Exchange ask side.

It stands to reason why RBC is transacting the majority of its cross trades on the TSX at a higher cost.

To do otherwise, by using the Alpha Exchange, I feel this would raise a flag with the SEC

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