TORONTO – January 29, 2009
OMEGA ATS is pleased to announce that it is obtaining an independent regulatory license.
Omega Securities Inc. has been approved for IIROC membership – a key regulatory pre-requisite for operating an alternative trading system.
“Omega ATS has been operated until now with the generous assistance of Perimeter Markets Inc.” says Mario Josipovic, President of Omega Securities Inc. “The spin-out of the business into its own legal entity was pre-agreed by the initial founders of the business and has been awaiting necessary regulatory approvals.”
Perimeter Financial’s ownership in Omega ATS has been reduced to a minority shareholding interest and Perimeter will no longer have any involvement in Omega’s management or operations.
All aspects of the Omega ATS business will remain unchanged following the spin-out, which is scheduled to occur at the close of business on February 27, 2009.
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.
