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April 05, 2022 - Tradelogiq Group Inc., the parent company of Tradelogiq Markets Inc. which operates two Alternative Trading Systems that serve Canada's securities sector, has announced that Royal Bank of Canada has acquired a non-controlling equity ownership position in TGI. RBC acquired this equity position from pre-existing shareholders of TGI in a private transaction.
Concurrent with this transaction, TGI has appointed two new directors to its board of directors: Vimal Patel, Head of Business Development, RBC Capital Markets and John Christofilos, Senior Vice President and Chief Trading Officer, AGF Investments Inc. They join Laurence Rose, Chairman of TGI, Eric Swanson, CEO of XTX Markets Americas, and Martin Piszel, CEO of Coinsquare Ltd.
"We are thrilled to welcome RBC to the TGI shareholder group, and to add Vimal and John to our Board. We are very proud of our technology driven ATS marketplaces. Our business philosophy is deeply rooted in participant centric relationships and understanding our clients' business requirements for trading equities efficiently and cost effectively. With these new directors, our Board now reflects a range of industry participants and we believe we are well positioned to drive long-term value for all shareholders," said Laurence Rose, Chairman and CEO of Tradelogiq.
Tradelogiq Markets Inc., an IIROC member firm and a regulated ATS, is the operator of two visible marketplaces: Omega ATS and Lynx ATS. These two marketplaces facilitate trading across all Canadian listed securities, such as equities and listed fixed income. These marketplaces provide cost-effective and efficient methods for the Canadian dealer community to execute transactions on behalf of themselves and their clients.
