Tradelogiq

Tradelogiq Markets Inc. Announces Brand Refresh and Launch of New Website

Brianna Petz — Thu, 15 Aug 2024 12:00:00 +0000

TORONTO, Ontario, Canada – August 15, 2024/CNW/

Tradelogiq Markets Inc. (“Tradelogiq”), a leading Canadian Alternative Trading System (“ATS”) operator of two marketplaces for trading Canadian-listed securities, Omega ATS and Lynx ATS, announced today the completion of a brand refresh, including a new logo and website at www.tradelogiq.com.

“The new logo and website reflect our continued focus on being an innovative marketplace solutions provider with a client first approach. Additionally, the new logo is designed to represent the interconnectivity between Tradelogiq and our clients, and among our subscribers when trading on Omega and Lynx”, said Laurence Rose, Chairman, President and CEO of Tradelogiq.

“It will now be easier than ever for subscribers, market data clients and vendors to locate important documents and information regarding doing business with Tradelogiq. From the time we acquired control of the company in February 2019, we have been laser-focused on investing in our business, infrastructure and software in order to position ourselves as an agile technology-driven company servicing securities industry clients in Canada and globally. Our new logo and website are consistent with this approach, and we are proud to introduce it at this year’s Canadian Security Traders Association (“CSTA”) conference”, stated Mr. Rose.

Tradelogiq Group Inc. Board Member John Christofilos Appointed President Of The Canadian Security Traders Association

Brianna Petz — Mon, 29 Aug 2022 11:00:00 +0000

TORONTO, Ontario, Canada – August 29, 2022 /CNW/

Tradelogiq Group Inc. (“TGI”), the parent company of Tradelogiq Markets Inc. (“Tradelogiq”), a leading Alternative Trading System (“ATS”) operator offering fully electronic marketplaces that serve Canada’s securities sector, would like to congratulate John Christofilos, SVP and Chief Trading Officer, AGF Investments Inc., and a member of the TGI Board of Directors, on his recent appointment as President of the Canadian Security Traders Association, Inc. (“CSTA”).

“We are thrilled to see John being recognized for his contributions to the Canadian securities industry through his recent appointment as President of the CSTA.

John has been an active and visible presence in the securities trading industry for more than 30 years, and we have no doubt that his knowledge, experience and enthusiasm will allow him to be as much of an asset to the CSTA as he has been to TGI and Tradelogiq,” said Laurence Rose, Chairman and CEO of TGI and Tradelogiq.

Tradelogiq Markets Inc. Announces Appointment of Chief Compliance Officer

Brianna Petz — Tue, 07 Jun 2022 10:00:00 +0000

TORONTO, Ontario, Canada – June 7, 2022 /CNW/

Tradelogiq Markets Inc. (“Tradelogiq”), a leading Alternative Trading System (“ATS”) operator offering fully electronic marketplaces that serve Canada’s securities sector, announced today the appointment and regulatory approval of its new
Chief Compliance Officer.

Jonathan Sylvestre joined Tradelogiq in April 2022, and has been appointed as Chief Compliance Officer and Head of Market Structure. Jonathan joined Tradelogiq from the Ontario Securities Commission, where he was a Senior Advisor in the Market Regulation Branch. Prior to rejoining the OSC in 2020, he was employed with TMX Group Inc. from 2014 to 2019 as the Head of Business Strategy, Equities Trading.

“I am pleased to officially welcome Jonathan to Tradelogiq. I look forward to his contributions in respect of market structure and compliance. I know his knowledge, experiences and capabilities will add tremendous benefits to our excellent executive, technology, operations, sales and business development teams — as together we pursue growth at Tradelogiq. Tradelogiq seeks innovative trading solutions and competitive product offerings to support the Canadian equities trading markets. The extensive history of expertise and entrepreneurial spirit of the entire management team is a perfect complement to Tradelogiq’s objectives,” said Laurence Rose, Chairman, President and CEO of Tradelogiq.

Tradelogiq Markets Inc. Announces Executive Appointments

Brianna Petz — Thu, 03 Mar 2022 12:00:00 +0000

TORONTO, March 3, 2022 — Tradelogiq Markets Inc. (“Tradelogiq”), a leading Alternative Trading System (“ATS”) operator offering fully electronic marketplaces that serve Canada’s securities sector, announced today that it is appointing new Executive Officers.

Cindy Petlock has been appointed Chief Legal Officer and Corporate Secretary of Tradelogiq. Cindy was consulting on a number of securities regulatory and market structure contracts since May 2020, following six years at Neo Exchange Inc. where she was responsible for legal, regulatory compliance, listings regulatory and corporate secretarial functions as Chief Legal Officer & Corporate Secretary. Cindy’s other legal and compliance roles include: General Counsel & Corporate Secretary at the Canadian Securities Exchange; Special Advisor on Regulatory Projects at Market Regulation Services Inc./IIROC; Manager, Market Regulation at the Ontario Securities Commission; and compliance officer and regulatory counsel at CIBC World Markets. She is also a director of Arxnovum Investment Inc., an investment fund manager focused on alternative assets, including digital assets.

Christopher Craib has been appointed as Chief Financial Officer of Tradelogiq. For the past 15 years, Christopher was with Cantor Fitzgerald Canada Corporation (“Cantor Canada”), a leading Metals and Mining investment banking business and institutional equities trading and research firm. From 2008, Christopher was the Chief Financial Officer of Cantor Canada and in addition from 2015, served as its President and registered UDP, and reported directly to the firm’s parent, Cantor Fitzgerald, L.P. in New York. Prior to Cantor Canada, Christopher was the Chief Financial Officer of CollectiveBid Systems Inc. a financial services technology developer, and its subsidiary, CBID Market’s Inc. which formed and registered in 2002 Canada’s first all electronic ATS (now operating as Perimeter Markets Inc., a subsidiary of BGC Partners).

Christopher has been registered in numerous regulatory capacities in Canada over 20 years, including as a dealer UDP, ADP, Chief Financial Officer, Chief Compliance Officer, Trading Supervisor and as a Designated Registered Futures Principal. Tradelogiq would like to thank Paul Romain for his service as Chief Compliance Officer and Head of Market Structure for the past 3 years. Paul has left the firm to pursue a new opportunity. His replacement is expected to be announced in April upon completion of an employment commitment.

“I would like to welcome our new team members to Tradelogiq. I look forward to the contribution of these experienced professionals in legal, finance, compliance and market regulation to our business. I know their knowledge, experiences and capabilities will add tremendous benefits to our excellent technology, operations, sales and business development teams — as together we pursue growth at Tradelogiq.

Tradelogiq seeks innovative trading solutions and competitive product offerings to support the Canadian equities trading markets. The extensive history of expertise and entrepreneurial spirit of these individuals is a perfect complement to Tradelogiq’s objectives,” said Laurence Rose, Chairman, President and CEO of Tradelogiq.

Tradelogiq Markets Inc. Announces the Appointment of Travis Felker as Head of Strategy and Product Development

Brianna Petz — Tue, 14 Sep 2021 11:00:00 +0000

TORONTO, Ontario, Canada – September 14, 2021

Tradelogiq Markets Inc. (“Tradelogiq”), a leading Alternative Trading System (“ATS”) company offering marketplaces that serve Canada’s securities sector, announced today that it has appointed Travis Felker as Head of Strategy and Product Development.

Travis formerly served as Senior Strategy Advisor of equity trading at TMX Group. In this role, Travis was responsible for product suite development with consideration for competing market initiatives as well as the regulatory landscape. Previously, Travis worked as head of Trading at Quantica, before moving to IRESS Canada where he spearheaded the development of the best execution dashboard, as well as managed all market structure related products.

Travis has a passion for Canadian market structure and has worked closely with marketplace participants to improve the general liquidity environment of the Canadian investment community.

“I would like to welcome Travis to the Tradelogiq team, and I look forward to working together with him as we continue to grow theTradelogiq business. We support a strong culture of innovation and Travis’ extensive history of market structure expertise and entrepreneurial spirit are a perfect fit,” said Laurence Rose, Chairman and CEO of Tradelogiq.

Omega Securities Inc. Announces corporate Name Change to Tradelogiq Markets Inc. and launch of new web site

Brianna Petz — Wed, 09 Sep 2020 11:00:00 +0000

TORONTO, Ontario, Canada – September 9, 2020

Omega Securities Inc., a leading Alternative Trading System (“ATS”) Company offering marketplaces that serve Canada’s securities sector, announced today that it has changed its corporate name to Tradelogiq Markets Inc. (“Tradelogiq”) and launched its new web site www.tradelogiq.com.

“The rebranding of Omega to Tradelogiq signals a new direction for our company. With new ownership, new management, and an upgraded technology platform, Tradelogiq has positioned itself to be a fast-moving, responsive partner with its subscribers,” said Laurence Rose, Chairman and CEO of Tradelogiq. “We chose ‘Tradelogiq’ because we believe it reflects what we stand for and offer: intelligent, agile trading platforms supported by superior technology and service,” Mr. Rose added.

Since the acquisition of a controlling interest in the Company by Matchpoint Financial Corp. in February 2019, Mr. Rose and Martin Piszel, Director of Trading and Business Development, “have hand-picked a team of experienced professionals, while continuing to enhance our robust trading platform. Our new logo and web site represent the exciting future for Tradelogiq,” Mr. Rose said.

“The new web site, from its design to content, highlights Tradelogiq’s advancements to continue to offer our subscribers fast, reliable, scalable ATS marketplaces,” added Mr. Piszel.

Tradelogiq will continue to offer the Omega ATS and Lynx ATS marketplaces, which will retain their respective names.

Tradelogiq Supports Sunnybrook’s Clinical Trial to Find a New Treatment For Covid-19

Brianna Petz — Sun, 05 Jul 2020 11:00:25 +0000

Tradelogiq Markets Inc. (“Tradelogiq”) was one of dozens of companies across Canada that recently donated to the Sunnybrook Foundation to support a clinical trial for a new treatment of COVID-19.

Sunnybrook is the logistical lead for a national clinical trial involving as many as 60 medical centers across Canada and the United States. The Convalescent Plasma for COVID-19 Research (“CONCOR-1”) trial is investigating the therapeutic use of plasma – the portion of blood that contains antibodies – from patients who have recovered from COVID-19. Scientists hope to prove that antibodies found in the plasma of recovered patients can bind to and neutralize the virus that causes COVID-19.

“We are active participants in the greater community, and by supporting this important clinical trial we hope to help make a difference in the fight against COVID-19,” said Laurence Rose, Chairman, and CEO of Tradelogiq.

CONCOR-1 will enroll 1,200 patients from participating medical centers across Canada and requires approximately 650 plasma donors. For this trial, patients who have completely recovered from COVID-19 donate their plasma as a potential treatment for patients who are acutely ill with the virus.

Omega Securities Inc. Announces the Appointment of Rinosh Chacko as Chief Technology Officer

Brianna Petz — Wed, 05 Feb 2020 12:00:38 +0000

TORONTO, Ontario, Canada – February 5, 2020

Omega Securities Inc. (“Omega”) is pleased to announce that Rinosh Chacko has joined the Company as Chief Technology Officer.

Over the past 13 years Rinosh held senior positions at Virtu ITG Canada Corp. (“ITG Canada”), including Vice President and Head of Infrastructure at ITG Canada and TriAct Canada Marketplace LP (MatchNow). Rinosh has over 20 years experience in the technology and financial services sectors, having worked at TD Bank, CIBC, ADP Canada and BMO. Rinosh’s diverse technology and capital markets experience will help accelerate Omega’s growth and innovation technology strategy.

“I would like to welcome Rinosh to the Omega team. We have an ambitious growth plan, delivering best-in-class trading technology to our valued subscribers. Rinosh will help us achieve our goals,” said Laurence Rose, Chairman, President and Chief Executive Officer of Omega.

“I am excited to join Omega. It is a great opportunity to provide my technology expertise to a company that is dedicated to its clients, whom they view as true partners. Omega’s management has carefully chosen its team, and I am honored to be part of it and look forward to a long and satisfying future,” said Rinosh Chacko.

About Omega Securities Inc.
Omega Securities Inc., an IIROC member firm, is the operator of two lit marketplaces: Omega ATS and Lynx ATS. These two marketplaces offer a venue for the facilitation of trading in Canadian listed securities, such as equities and listed fixed income. Omega’s marketplaces account for more than five percent of Canadian equities trading and provide a cost-effective and efficient method for the Canadian broker/dealer community to execute transactions on behalf of their clients. Omega plans to add a digital asset marketplace to its offerings in Ontario. For more information about Omega Securities Inc., please email info@omegaats.com.

Omega Securities Inc. Announces Cost Certainty Pricing for its Lynx ATS Marketplace

Brianna Petz — Mon, 02 Dec 2019 12:00:38 +0000

TORONTO, Ontario, Canada – December 2, 2019

Omega Securities Inc. (“Omega”) is pleased to announce that it has received regulatory approval effective today to implement new pricing for its Lynx ATS marketplace. Lynx trades all listed securities on the TSX, TSX Venture Exchange, and CSE.

The new pricing model, which for the first time incorporates a monthly fee cap, gives the Canadian dealer community the ability to control their overall trading costs. Adding liquidity to the Lynx book will be free and removing liquidity will be charged at $0.0002/share across all listed securities. In addition to this simple pricing mechanism, we are pleased to offer Lynx subscribers a cap on remove fees. The cap is set at 25 million shares per month, which means the maximum a subscriber will pay in any given month is $5,000. After the cap is reached all additional trading will be free for the remainder of that month.

We believe this pricing structure provides a compelling value proposition. With recent developments of retail commissions in the US being charged at zero and regulators looking to gather data and analyze rebate models more closely, the new Lynx pricing allows dealers the ability to control their overall trading costs. The combination of the cost certainty pricing in the Lynx ATS and Omega ATS’s inverted rebate helps our dealer clients lower the cost of trading for all market participants in Canada.

Paul Romain, Head of Market Structure and Chief Compliance Officer at Omega commented: “This new simple pricing model for the Lynx ATS will enable marketplace participants to reduce their trading costs and reflects the evolution of the Canadian equity market.”

“We are pleased to introduce this new pricing for the Lynx ATS and excited to see our subscribers take advantage of it. The data analytics we will be able to produce will also create valuable insights for our industry. We look forward to working closely with our subscribers as we roll out the new pricing model,” remarked Laurence Rose, Chairman, President and Chief Executive Officer of Omega.

About Omega Securities Inc.
Omega Securities Inc., an IIROC member firm, is the operator of two lit marketplaces: Omega ATS and Lynx ATS. These two marketplaces offer a venue for the facilitation of trading in Canadian listed securities, such as equities and listed fixed income. Omega’s marketplaces account for more than six percent of all Canadian equities trades on a daily basis and provide a cost-effective and efficient method for the Canadian broker/dealer community to execute transactions on behalf of their clients. Omega plans to add a digital asset marketplace to its offerings in Ontario. For more information about Omega Securities Inc., please email info@omegaats.com.

How to Avoid the Pain of High Frequency Trading in Canada

Brianna Petz — Wed, 12 Aug 2009 11:00:45 +0000

Toronto – August 12, 2009

In talking to dozens of traders over recent weeks, the issue we hear most about is high frequency interference in more liquid stocks. By the time a trader has shown a little too much interest in a name, the main booking market becomes populated by a slew of orders, forcing the trader to wait in the queue or pay the take fee and the bid/ask spread . Firms with the latest trading technology, and with algorithms designed to anticipate where the natural liquidity is going, are racing to post first in order to win the rich “passive” rebates.

There is a simple way to end-run this interference and we continue to be surprised more traders aren’t trying it out.

Since Omega pays no passive rebate, we are uneconomic for high frequency trading shops used to earning around 1/3 cent per share. And since one-third of Omega’s connected brokers are now routing first to Omega whenever we are tied at the best price (to take advantage of our absurdly cheap execution cost of 7 cents per trade), orders posted on Omega can get filled ahead of orders posted on all of the other marketplaces.

It is time to use the multiple-market best-price regulatory environment to your advantage. If you have an order booked on Omega and it is the best price, others must route to it. Traded volume on Omega is irrelevant – better-priced orders must be routed to first. If your quote is tied with other marketplaces at the best price, you will be filled first by the brokers who route their active flow to Omega first. And there are no high frequency algorithms stepping in front of you on Omega.

At Omega, we have spent over a year-and-a-half connecting the bulk of the Canadian brokerage industry to us. And following our recent price change, we have convinced many of them to route their active flow to us first whenever we are tied at the best price. This liquidity distribution network is available for your use every trading day.

Don’t take our word for it – try booking some of your limit orders to Omega and see where you are getting better fills.

Sincerely,

Mario Josipovic
President
Omega Securities Inc.
416.646.2765
mjosipovic@omegaats.com

Greg King
Chief Operating Officer
Omega Securities Inc.
416.646.2764
gking@omegaats.com