Tradelogiq Markets Inc. is pleased to announce that it has received regulatory approval for the introduction of differentiated active rebates for trades in securities priced $1 and over on Omega ATS, i.e., differentiation for trades involving a Trader ID that has been certified by the subscriber as being a “Retail Trader ID” versus trades involving a Trader ID that is not retail.
Currently, active rebates for regular trades in securities priced $1 and over on Omega ATS are $0.0025 per share. Starting April 1, 2023, the active rebate for these trades when involving a “Retail Trader ID” will increase to $0.0027 per share and will decrease to $0.0023 per share for Trader IDs that are not certified as Retail. Following this change, Omega ATS will continue to offer active rebates at the highest levels for trades in securities priced $1 and over – whether for retail or non-retail.
There are no changes to active rebates for trades in securities priced under $1, and no changes to regular passive rates or to discounts on passive rates available under the under the Omega ATS LP Program.
Starting April 1, 2023:
| PASSIVE < $1.00 | ACTIVE < $1.00 | PASSIVE >= $1.00 | ACTIVE >= $1.00 | |
|---|---|---|---|---|
|
Regular Rates • Retail • Non-Retail |
$0.0010 $0.0010 |
($0.0006) ($0.0006) |
$0.0030 $0.0030 |
($0.0027) ($0.0023) |
| Unintentional crosses | Free | Free | Free | Free |
| Midpoint | $0.0002 | Free | $0.0006 | Free |
Subscribers wishing to identify groups of Trader IDs that are eligible for the higher Retail Trader ID rebates will be required to complete and submit the Retail Trader ID Certification Form. Please refer to the form for details on Trader ID eligibility.
Any liquidity removing trades involving a Trader ID that has not been certified as a “Retail Trader ID” will receive the above applicable “Non-retail” rebate.
Completed forms must be received by April 21, 2023, in order to be considered eligible to participate in the program starting for the month of April.
Should you have any questions, please direct them to [email protected].
