Toronto – May 7, 2009
Omega ATS is pleased to announce its new, flat fee model. Effective July 1, 2009, the active side (liquidity remover) trading any TSX- or TSX Venture-listed symbols on Omega will be charged a flat fee of $0.07 per trade.
“Of all the things we learned from our last pricing change, what struck us the most was the enthusiastic response to our flat fee per trade for penny stocks” says Greg King, C.O.O. “After consulting widely with our user base and prospects, we are reducing our flat fee pricing further and extending it to all symbols traded on Omega.”
“As a marketplace, we are nothing more than an efficient processor of electronic transactions” says Mario Josipovic, President. “So we have been struggling with why we should charge anything more for processing a trade of 10,000 shares as compared to a trade of 100 shares. Your ATM doesn’t charge you a higher fee to withdraw $100 instead of $20 – it charges you a flat fee per transaction.”
Omega ATS is a fully protected visible marketplace in Canada regulated by IIROC. Launched in December 2007 with four active subscribers, Omega ATS has spent the past year-and-a-half building trading connections with service providers and growing its subscriber base.
About Omega ATS:
OMEGA ATS provides the Canadian marketplace with a fast, price/time priority trading platform where dealers and their clients can trade at the CBBO (Canadian Best Bid and Offer) at extremely competitive rates.
