Omega ATS is dedicated to its vision of being a truly Canadian marketplace providing the fastest trading engine and utilizing strict price/time priority. In order to fulfill this mandate we feel that it is necessary to offer trading on all the Canadian Exchanges, TSX, TSX Venture, Alpha Exchange, and CNSX. We expect to commence trading all Canadian marketplaces the day after the Canada Day holiday July 3rd 2012.
Omega ATS already supports most TSX and TSX Venture listed securities and is planning to add the symbols traded on CNSX and the newly created Alpha Exchange, pending regulatory approval. Omega ATS is currently working with our regulators on the logistics of these changes.
Omega ATS will be the first ATS to trade Canadian National Stock Exchange (CNSX) symbols, providing an additional venue to the Canadian public. We will ensure OPR is maintained by allowing all participants to use the Omega Smart Order Router (SOR) free of charge, along with our OPR re-price and cancel options. Omega ATS will also provide an additional venue for Alpha Exchange listed securities. We continue to offer an alternative to the traditional maker-taker model with our unique inverted 6-0 model.
Omega ATS will charge the same rates for trading equities on CNSX and Alpha as we do on TSX and TSX Venture:
- for equities trading at $1.00 or more, it is Free to remove liquidity and $0.0006/share to add liquidity.
- for Sub dollar equities, it is free to remove and $0.0002/share to add liquidity.
- for fixed income it is free to add liquidity and $0.05/$1,000.00 face value to remove liquidity.
- there is no fee for intentional crosses.
- current market data will include CNSX and Alpha Exchange traded symbols at the same rate.
Omega ATS is excited to extend our trading to these new marketplaces, offering more choices, tighter spreads and greater visibility to these symbols.
About OMEGA ATS:
OMEGA ATS provides the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform where subscribers can trade at the CBBO (Canadian Best Bid and Offer) at competitive rates.
Contact Information
Brian Crew
President and CEO
[email protected]
www.omegaats.com
