You think the TMX is bad, you should see the Alpha trades on a daily basis. Almost 100% HFT and algos with about 1/3 the daily volume. It wasn't like this up until about March '09 at which time the market engineering firm hit the up market button. Sometimes I wonder if not listing on the TSX any sooner and staying on the small board has more to do with propping up the venture index than company evolution and possibly just how much SGR is lawyered over a barrell.