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.

Omega ATS pays a capped rebate of CDN$25,000.00 for equity shares crossed on Omega ATS in a given month. A rebate of CDN$0.000125/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$25,000.00 will be distributed on a prorated basis.

Monthly crossed volume only applies to Intentional Crosses¹ and Internal Crosses² as defined by UMIR.  Cross volume will not be “double counted”, and will be counted as just one side of a cross.

There is a per subscriber cap of CDN$12,500 and a per intentional cross cap of CDN$125.

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 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, Midpoint, Day, Immediate or Cancel, Limit, Iceberg, Bypass Intentional/Internal Cross and Fill or Kill.

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.

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

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. 

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

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.