Omega ATS offers subscribers the opportunity to receive discounts from the above “regular rates” on passive trades executed by the subscriber or its clients. Application of the discount is limited to trading by pre-approved Trader ID groups, and the amount of the discount provided for a Trader ID group will be based on the eligible passive volume traded on Omega ATS by the Trader ID group exceeding pre-defined percentage thresholds of total Canadian continuous traded volume (TCCV) for the month. The thresholds and discounts are as follows:

Notes:

Only Trader ID groups that have been approved by Tradelogiq are eligible for the discount.  Subscribers must first complete a form identifying the one or more Trader IDs comprising each Trader ID group.  The form is available upon request.

A Trader ID group may include one or more Trader IDs.  Trader IDs associated with a direct electronic access (DEA) arrangement or routing arrangement (RA) client may only be grouped together with TraderIDs for the same single underlying client, or with the TraderIDs of an affiliated entity under common beneficial ownership carrying out similar trading activities.

Trader IDs can also be aggregated across Omega ATS subscribers for the purposes of comprising a Trader ID group.

The eligible passive volume of a Trader ID group that will be assessed against TCCV will include all passive traded volume by the Trader ID group on Omega ATS, other than passive volume associated with intentional crosses, odd lots and listed fixed income.

TCCV for the month is calculated based on total continuous trading volume across all Canadian-listed equities and ETFs on all Canadian marketplaces for the month, excluding listing market opening and closing auctions, intentional crosses, and odd lots.

The tier achieved by a Trader ID group for a given month determines the discount level to be applied to passive trading by the Trader ID group for that month that is otherwise subject to the regular passive rates.  The discount is applied to all such passive trading, not just on the incremental volume in excess of each tier threshold.  While the level of discount to be applied differs based on the price of security, the tier is assessed based on trading across both price categories.

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.

Intentional crosses on listed fixed income or entered with an odd lot quantity are not eligible for a rebate.  These intentional crosses are free.

Unintentional crosses will be charged at regular Passive/Active rates.

Intentional crosses are free.

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 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.

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.

Recovery sessions for Omega ATS and Lynx ATS multicast data feeds are available through unicast and are charged as follows:

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.