TORONTO – May 15, 2008
OMEGA ATS and Integrated Transaction Systems Limited (“ITS”) today announced the completion of connectivity. As a result, customers of ITS’ Smart Order Routers can now benefit from the fast, anonymous and low-cost transactions available through OMEGA ATS, while also creating a greater liquidity pool for all OMEGA ATS users.
ITS provides SORs to five of Canada’s six major brokerages, and more than 30 brokerages in total. A total of 140 ITS SORs are currently in production in Canada.
OMEGA ATS Chief Operating Officer Greg King said the connectivity between OMEGA ATS and ITS is another important milestone in the growth of the alternative marketplace.
“Since we launched OMEGA ATS five months ago, we have enjoyed solid growth in trading volumes with a limited number of service bureau connections,” King said. “Adding the ITS client base will provide a tremendous boost to our market reach, and further increase the liquidity available to all our customers. It’s an important part of our commitment to enable technology vendors to access OMEGA.”
ITS’ router is certified with all the Canadian visible markets. It has been tested to route over 500 orders per second, with an average latency per route of less than 1 millisecond. Connectivity with the fast executions provided by OMEGA ATS will help ensure that ITS customers continue to achieve best executions in a market system with multiple displayed quotes, said Stephen Plut, Managing Director of ITS.
“We want to provide our users with access to the best possible tools, so they can be sure to get the best possible executions,” Plut said. “I know many of our customers will be attracted to the deep liquidity, high performance and anonymity that OMEGA ATS provides. The desire for connectivity by our customers will be strong.”
About OMEGA ATS:
OMEGA ATS provides the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform where customers can trade at the CBBO (Canadian Best Bid and Offer) at competitive rates. OMEGA ATS is a service delivered by Perimeter Markets Inc. and powered by the superior technology of the MarLar Group.
About Integrated Transaction Systems Limited:
Integrated Transaction Systems Ltd / ITS Online Ltd (ITS) is a dynamic company providing software and solutions to the Brokerage and Equity Trading Industry. ITS’s focus is to provide very high performance software for trading systems. Current applications including the ITS Smart Order Router, ITS Trader-Lite Workstation, ITS DMA and a full line of Trading Gateway applications. In business for over 10 years, ITS counts most of the leading brokerages operating in Canada as customers.
For further information:
Omega ATS (operated by Perimeter Markets Inc.)
Greg King
(416) 646-2764
[email protected]
www.omegaats.com
Integrated Transaction Systems
Stephen Plut
1.416.233.3961
www.itsys.ca
