Tradelogiq Fee Schedule

Effective December 2, 2019

Omega ATS Fee Schedule

TRANSACTION FEES – ALL EQUITIES EXCLUDING ETFs

BREAKPOINT TIERSADD >= $1.00REMOVE >= $1.00ADD < $1.00REMOVE < $1.00
TIER 3 (200MM+)$0.0028/SHARE-$0.0025/SHARE$0.0008/SHARE-$0.0006/SHARE
TIER 2 (100MM – 199MM)$0.0029/SHARE-$0.0025/SHARE$0.0009/SHARE-$0.0006/SHARE
TIER 1 (0 – 99MM)$0.0030/SHARE-$0.0025/SHARE$0.0010/SHARE-$0.0006/SHARE
BROKER PREFERENCED TRADESFREEFREEFREEFREE

TRANSACTION FEES – ETFs

BREAKPOINT TIERS (ETFS)ADDREMOVE
TIER 3 (200MM+)$0.0011/SHARE-$0.0008/SHARE
TIER 2 (100MM – 199MM)$0.0012/SHARE-$0.0008/SHARE
TIER 1 (0 – 99MM)$0.0013/SHARE-$0.0008/SHARE
BROKER PREFERENCED TRADESFREEFREE

Odd Lots and Listed Fixed Income

DESCRIPTIONPASSIVEACTIVE
Odd Lot$0.001$0.001
Listed Fixed Income$0.085 PER $1000 FACE VALUE REBATE$0.095 PER $1000 FACE VALUE CHARGE

Omega ATS Breakpoint Discount

Omega’s Breakpoint Pricing provides broker dealers with discounted liquidity providing rates based on the overall volume executed on equities for a given month.

There is no additional paperwork required to qualify and all participants are automatically enrolled. When a tier is reached, the discount will automatically apply to ALL equities for the month, not just for trades executed after the tier is reached. The discount will be automatically reflected in that month’s invoice. This pricing applies to all Canadian listed and inter-listed equities.

Intentional Crosses on Omega ATS

Omega ATS pays a capped rebate of CDN$10,000.00 for equity shares crossed on Omega ATS in a given month. A rebate of CDN$0.00005/Share will be paid to participants for monthly participant crossed total equity volume less than or equal to 200,000,000 shares.

For months with participant crossed total equity volume greater than 200,000,000 shares the total pool of CDN$10,000.00 will be distributed on a prorated basis.

Monthly crossed volume only applies to Intentional Crosses1 and Internal Crosses2 as defined by UMIR.   All crosses on Omega ATS are bypass, thus Internal Crosses are marked as Bypass Internal Crosses. Cross volume will not be “double counted”, and will be counted as just one side of a cross.

1 ‘intentional cross’ means a trade resulting from the entry by a Participant or Access Person of both the order to purchase and the order to sell a security, but does not Include a trade in which the Participant has entered one of the orders as a jitney order.

2 ‘Internal cross’ means an intentional cross between two accounts which are managed by a single firm acting as a portfolio manager with discretionary authority to manage the investment portfolio granted by each of the holders of the accounts and includes a trade in respect of which the Participant or Access Person is acting as a portfolio manager in authorizing the trade between the two accounts.

Lynx ATS Fee Schedule

All Equities

DESCRIPTIONPASSIVEACTIVE
TSX/Venture, CSE, ETF Securities$0.000/share$0.0002/share
Monthly remove cap of 25 million shares
Unintentional Crosses $0.00

Odd Lots and Listed Fixed Income

DESCRIPTIONPASSIVEACTIVE
Odd Lot$0.001$0.001
Listed Fixed Income-$0.085/$1,000 FV$0.095/$1,000 FV

Lynx ATS Pricing

Lynx ATS is a fully automated order matching and trade execution marketplace for equities and fixed income. This lit, unprotected auction market, based on strict price and time priority, offers a maker/taker pricing model.

Order types include: All or None, Day, Immediate or Cancel, Limit, Iceberg, Bypass Intentional/Internal Cross and Fill or Kill.

Market Data Fees

Display Fees

MARKET DEPTHOMEGA ATSLYNX ATS
Level 1Monthly fee per user
CAD$8.00/USD$8.00
Fee Holiday
Level 2Fee HolidayFee Holiday

Non-Display Fees

The Non-Display fee applies when Omega ATS and Lynx ATS market data is consumed by an application that is not for display use.  Applications will be classified as either being for Trading or Analysis purposes. For example, an algorithmic trading application that generates orders in an automated fashion, would be classified as Trading usage. Analysis usage is any other application that does not directly generate orders. The Non-Display fee is charged to the signing entity (firm level) and not based on the total number of applications.

MARKET DEPTHOMEGA ATSLYNX ATS
Trading Usage Level 1Monthly fee per firm
CAD$650/USD$650
Fee Holiday
Trading Usage Level 2Fee HolidayFee Holiday
Analysis Usage Level 1Monthly fee per firm
CAD$300/USD$300
Fee Holiday
Analysis Usage Level 2Fee HolidayFee Holiday

Note: Subscribers must subscribe to Level 1 in order to receive Level 2

Data Feed Access Fees

The Data Feed Access fee is applicable to any Data Recipient receiving an Omega and/or a Lynx Market Data feed directly through Tradelogiq or indirectly through a data distributor. The access fee would be based on the total number of feeds to each physical location. 

MARKETDATA FEED ACCESSLEVEL 1LEVEL 2
Omega ATSPrimary (first) FeedMonthly fee per feed
CAD$450/USD$450
Fee Holiday
Omega ATSAdditional FeedsMonthly fee per feed
CAD$150/USD$150
Fee Holiday
Lynx ATSPrimary (first) FeedFee HolidayFee Holiday
Lynx ATSAdditional FeedsFee HolidayFee Holiday

Note: Subscribers must subscribe to Level 1 in order to receive Level 2

Redistribution Fees

The Redistribution Fee is only applicable to those data recipients that further redistribute Omega ATS and Lynx ATS data to external third parties.  For example, market data vendors would be subject to this fee.

Initial (first) Data FeedAdditional Data Feeds
Monthly fee:
CAD$225/USD$225
Monthly fee:
CAD$125/USD$125

Technology Fees

As a convenient option, subscribers can, for a fee, arrange for 10 Gigabyte connectivity to either of Tradelogiq Markets Inc.’s data centers.1 Both centers are cross-connected to each other with 10 Gigabyte connections, and provide connectivity to Omega ATS and Lynx ATS. Subscribers wishing to cross connect will be charged at-cost fees from our data centers.

1 Gigabyte Cross-Connection$900 one-time set up fee, plus $200 per month
10 Gigabyte Cross-Connection$900 one-time set up fee
$1500 per month for the first line
$1000 for each additional line per month (Omega ATS and Lynx ATS)
General Testing EnvironmentNo Charge
FIX Drop Copy Session$450 per month2
Order Entry Session$125 per month3
Access/Port$125 per FIX session per month
Multicast Recovery Session Bundle
Both Omega ATS and Lynx ATS (Optional)
$450 Per session

1Subscribers are responsible for arranging and paying for connectivity.

2 The Tradelogiq free monthly subscription fee includes ten free FIX sessions per month.  For example, a subscriber with three FIX sessions would not be charged a Monthly Subscriber Fee or a FIX session fee. The monthly invoice from Tradelogiq, with the exception of trading fees, will be $0.00 in this example.

3 Subscribers of Omega ATS and Lynx ATS are provided 10 production order entry sessions free of charge. If a subscriber requires additional sessions, this fee will apply.