TORONTO – August 15, 2007
Perimeter Financial Corp., MarLar Group and Swift Trade Inc. are pleased to announce the launch of an alternative trading system, OMEGA ATS, in the fourth quarter of 2007. OMEGA ATS will serve the members of the Investment Dealers Association of Canada, providing the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform.
Participants in OMEGA ATS will have access to live executable prices at, or better than, the CBBO (Canadian best bid and offer) for TSX-listed securities. Additionally, OMEGA ATS will offer competitive commission rates and leading-edge technology.
OMEGA ATS is delivered through the contributions of its three partners, all of whom bring a significant depth of experience in trading systems, liquidity provision, creating and managing marketplaces and a passion for best execution. They have combined their unique strengths to deliver Canada’s most robust and competitive ATS.
To ensure its success, OMEGA ATS has secured commitments from a consortium of recognized global liquidity partners to provide continuous liquidity with the tightest spreads. The OMEGA ATS team is confident that the combination of its unique structure and market-leading partners will mark the start of an evolution of marketplace liquidity in Canada.
For organizations wishing to connect to OMEGA ATS, the connectivity specifications document can be found at www.omegaats.com. Details on the industry-wide test date will be available shortly.
About Perimeter Financial Corp:
Perimeter Financial Corp. develops and deploys technology solutions for the financial services industry, including institutional investors, investment dealers and reporting issuers. Through its investment dealer subsidiary, Perimeter Markets Inc., it operates three electronic marketplaces – BlockBook™ for the Canadian equity block market, CBID™ for Canadian fixed income and futures markets, and OMEGA ATS. It also provides a suite of service offerings in asset management, record-keeping and reporting.
About MarLar Group:
MarLar Group LLC and MarLar Capital provide a range of services to companies including investment banking, business consulting, technology-based solutions and financial advisory services. The company’s principals have over 35 years of experience, including building and supporting a U.S. based ECN. Their work has been recognized and validated by top tier consulting firms.
About Swift Trade Inc:
Headquartered in Toronto, Ontario, Swift Trade is the first and the largest Direct Access Electronic Trading Centre in Canada with Offices across Canada, Europe, Asia and the Americas. The firm’s Traders actively trade the NASDAQ, NYSE, AMEX and CME exchanges, executing hundreds of thousands of transactions representing upwards of 250 million shares daily.
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For further information:
Perimeter Financial Corp.
Chris Jackson, Executive Vice President, Sales and Marketing
(416)703-7800 x 400
[email protected]
