Toronto – January 29, 2009
We are pleased to announce that Omega ATS 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 to date with the generous assistance of Perimeter Markets Inc. under an agreement that contemplated spinning-out the business into its own legal entity, subject to 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. Formal notice will be sent to subscribers and vendors that their Omega contracts are being transferred to Omega Securities Inc. effective at the close of business on February 27, 2009. Omega Securities Inc. will be assuming all obligations related to operating Omega ATS after that date.
We look forward to continuing to serve our customers as an independent entity.
Sincerely,
Mario Josipovic
President
Omega Securities Inc.
416.646.2765
[email protected]
Greg King
Chief Operating Officer
Omega Securities Inc.
416.646.2764
[email protected]
