Omega ATS has received regulatory approval for a new pricing schedule that will be applied to all listed notes and debentures that are facilitated on Omega. As part of Omega’s commitment to lowering overall trading and execution fees in Canada, the new model will be a low cost “maker/taker” schedule that will provide the highest liquidity provider rebate for these listings. This new model represents savings over the previous “flat remover” schedule, as the total round-trip spread has been lowered from $0.05/$1000.00 face value to $0.01/$1000.00 face value.
This pricing model will apply only to the listed notes and debentures traded on Omega and will not be applied to any other products listed on Omega such as equities and OTC Bonds. All note and debenture volume will continue to be counted towards Omega’s Break Point pricing program with no exclusions or exemptions for liquidity providers or consumers. The new pricing model is scheduled to take effect on August 1st, 2012.
The new pricing schedule will be:
- Active (Taker) Fee of $0.095 per $1000.00 face value
- Passive (Maker) Rebate of $0.085 per $1000.00 face value
“We have recently gained some ground in the Notes and Debentures market and we wanted to reward our liquidity providing participants by providing the industry’s highest rebate. However, we did not want to do this at the expense of our liquidity consumers.” stated Brian Crew, CEO of Omega. Crew continued “we accomplished this by lowering Omega’s overall spread on these transactions to 1/5th of the original cost. We feel that this new pricing schedule is the most competitive and could represent an overall cost savings to all Omega subscribers that trade these products”.
Omega has recently added seventeen (17) listed debenture products to the trading environment and plans to continue to offer access to additional instruments as they become available.
For more information regarding Omega ATS trading fees, please visit our website at: http://www.omegaats.com/fees
