The Canada Pension Plan Investment Board is in discussions to invest in Alpha, a rival to the Toronto Stock Exchange, according to a newspaper report.

The Globe and Mail reports that the board is interested in buying a 10% stake in the alternative trading system backed by Canada’s Big Six banks and Canaccord Capital.

The CPPIB, which holds about $14.5 billion in Canadian stocks, would benefit if Alpha could reduce trading fees and execute faster trades.

For some background on Alpha, click here.

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