Tradelogiq Fee Schedule
Effective December 1, 2020Omega ATS Fee Schedule
TRANSACTION FEES – ALL EQUITIES INCLUDING ETFs
BREAKPOINT TIERS | PASSIVE >= $1.00 | ACTIVE >= $1.00 | PASSIVE < $1.00 | ACTIVE < $1.00 |
TIER 3 (200MM+) | $0.0028 | ($0.0025) | $0.0008 | ($0.0006) |
TIER 2 (100MM – 199MM) | $0.0029 | ($0.0025) | $0.0009 | ($0.0006) |
TIER 1 (0 – 99MM) | $0.0030 | ($0.0025) | $0.0010 | ($0.0006) |
UNINTENTIONAL CROSSES | FREE | FREE | FREE | FREE |
MIDPOINT | 0.0006 | FREE | 0.0002 | FREE |
Odd Lots and Listed Fixed Income
DESCRIPTION | PASSIVE | ACTIVE |
Odd Lot | FREE | FREE |
Listed Fixed Income | ($0.085) / $1,000 FACE VALUE | $0.095 / $1,000 FACE VALUE |
Omega ATS Breakpoint Discount
Omega ATS’s Breakpoint Pricing provides dealers with discounted liquidity-providing rates based on the overall equities volume executed for a given month.
There is no additional paperwork required to qualify and all subscribers are automatically enrolled. When a tier is reached, the discount will automatically apply to ALL equity trades 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 interlisted equities minus any crosses.
Intentional Crosses on Omega ATS
Omega ATS pays a capped rebate of CDN $25,000.00 for intentional crosses on equities and ETFs (“eligible crosses”) printed on Omega ATS in a given month.
A per share rebate of CDN $0.000125/share will be paid to subscribers where total eligible cross volume for the month is less than or equal to 200,000,000 shares.
For months where total eligible cross volume is greater than 200,000,000 shares, the total pool of CDN $25,000.00 will be distributed on a prorated basis.
A per subscriber cap of CDN $12,500 for the month, and a per eligible cross cap of CDN $125 also applies.
Eligible crosses include all intentional cross types on Omega ATS. Eligible cross volume will be single-counted for the purposes of the determination and payment of the rebate.
Lynx ATS Fee Schedule
ALL EQUITIES, INCLUDING ETFs
DESCRIPTION | PASSIVE | ACTIVE |
>= $1 – Interlisted | ($0.00235) | $0.00255 |
>= $1 – Non-Interlisted | ($0.00115) | $0.00135 |
ETFs | ($0.00145) | $0.00165 |
Below $1 | ($0.0002) | $0.0004 |
MIDPOINT | FREE | $0.0002 |
Unintentional crosses will be charged at regular Passive/Active rates.
Intentional crosses are free.
Odd Lots and Listed Fixed Income
DESCRIPTION | PASSIVE | ACTIVE |
Odd Lot | $0.0010 | $0.0010 |
Listed Fixed Income | ($0.085) / $1,000 FACE VALUE | $0.095 / $1,000 FACE VALUE |
Market Data Fees
All of the following market data fees are charged on a monthly basis unless otherwise noted.
Display Fees – Monthly Subscription
MARKET DEPTH | OMEGA ATS | LYNX ATS |
Level 1 | $8.00 CAD / $8.00 USD | Fee Holiday |
Level 2 | $17.50 CAD / $17.50 USD | Fee Holiday |
Display Fees – Per Query
MARKET DEPTH | OMEGA ATS | LYNX ATS |
Per query - Level 1 | 0.01 CAD / $0.01 USD | Fee Holiday |
Per query - Level 2 | $0.025 CAD / $0.025 USD | Fee Holiday |
Note: Non-Professional use only. Per query fees for a Non-Professional User can be capped by the Data Recipient, in any given month, at the applicable monthly subscription rate.
Non-Display Fees
Non-display fees apply when Omega ATS or 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. Non-display fees are charged to the signing entity (firm level) and not based on the total number of applications.
MARKET DEPTH | OMEGA ATS | LYNX ATS |
Trading Usage Level 1 | $650 CAD / $650 USD | Fee Holiday |
Trading Usage Level 2 | $950 CAD / $950 USD | Fee Holiday |
Analysis Usage Level 1 | $300 CAD / $300 USD | Fee Holiday |
Analysis Usage Level 2 | $350 CAD / $350 USD | Fee Holiday |
Data Feed Access Fees
Data feed access fees are applicable to any Data Recipient receiving an Omega ATS or Lynx ATS market data feed, whether directly via multicast through Tradelogiq or indirectly through a data distributor. The access fee would be based on the total number of feeds to each physical location.
MARKET | DATA FEED ACCESS | LEVEL 1 | LEVEL 2 |
Omega ATS | Primary (first) Feed | $450 CAD / $450 USD | $500 CAD / $500 USD |
Omega ATS | Additional Feeds | $150 CAD / $150 USD | $200 CAD / $200 USD |
Lynx ATS | Primary (first) Feed | Fee Holiday | Fee Holiday |
Lynx ATS | Additional Feeds | Fee Holiday | Fee Holiday |
Recovery sessions for Omega ATS and Lynx ATS multicast data feeds are available through unicast and are charged as follows:
Multicast Recovery Session Bundle | $450 per month |
Redistribution Fees
Redistribution fees are only applicable to those Data Recipients that further redistribute Omega ATS or Lynx ATS market data to external third parties by way of uncontrolled distribution.
MARKET | INITIAL (FIRST) DATA FEED | ADDITIONAL DATA FEEDS |
Omega ATS | $225 CAD / $225 USD | $125 CAD / $125 USD |
Lynx ATS | Fee Holiday | Fee Holiday |
Technology Fees
The following technology fees are charged for client connectivity and for access to Omega ATS and Lynx ATS trading and recovery services.
Subscribers are responsible for arranging and paying for connectivity. Subscribers wishing to cross-connect will be charged the below cross-connect fees which incorporate the amounts charged to Tradelogiq by our data centre provider.
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 |
General Testing Environment | No charge |
FIX Drop Copy Connection | $450 per month |
Trading Bundle Session (10 free)* | $125 per month |
Trading IDs | $8 per ID per month |
Multicast access and recovery | See “Data Feed Access Fees” under “Market Data Fees” |
*Subscribers are provided 10 production session bundles for accessing Omega ATS and Lynx ATS, free of charge. If a subscriber requires additional sessions, this fee will apply