About Omega ATS
& Lynx Periodic Match
Overview of Our Markets
Omega ATS and Lynx Periodic Match are both fully automated transparent marketplaces for trading listed Canadian equities and fixed income securities, offering different trading features and operating under significantly different trading models to appeal to a broader range of users and trading strategies.
Omega ATS & Lynx Periodic Match
The key aspects and features of each marketplace, along with the key differences, are summarized in the below table.
For additional information specific to Lynx Periodic Match, visit our dedicated landing page.
| Omega ATS | Lynx Periodic Match | |||
|---|---|---|---|---|
| Visible Book | Midpoint Book | |||
| Trading Hours | 8:00am – 5:00pm ET | 9:30am – 4:00pm ET | ||
| Trading Model | Continuous Auction Trading | Periodic Matching | ||
| Matching Stages | N/A - Continuous |
Stage 1: EOC-to-DAY Stage 2: EOC Final Turn |
Single Stage | |
| Securities Traded | All Canadian Listed Securities (TSX, TSXV, CSE, Cboe Canada) | |||
| Order Book Transparency | Visible book with partially and fully hidden order types | Visible book with partially hidden order types | Dark book | |
| Broker Attribution | Orders defaulted to anonymous; option to specify attributed. | Orders defaulted to attributed; option to specify anonymous. | ||
| Matching Priority | Price / Broker / Time | |||
| Time-in-force (TIF) conditions |
Day,
Immediate or Cancel (IOC), Fill or Kill (FOK) |
Day,
Event or Cancel (EOC) (Note: EOC identified by presence of IOC TIF) |
||
| Order Types | Limit, Iceberg, Midpoint Peg | DAY Limit, Primary Peg, Iceberg (on Day Limit and Primary Peg), EOC Limit, Market Peg | Midpoint Peg | |
| Post Only Support | Supported for visible and hidden Post Only order types, as applicable by book | |||
| OPR Compliance | Directed Action Order (DAO), OPR Re-price, OPR Cancel | |||
| Self-trade Prevention | Trade and Suppress, Cancel Newest, Cancel Oldest, Cancel and Decrement |
Trade and Suppress,
Cancel Newest,
Cancel Oldest, Cancel and Decrement, No Cancel |
||
| Odd Lots |
Separate Book for Odd Lots and Odd Lot Portion of Mixed Lots |
Not supported | ||
| Cross Types | Intentional, Internal, Derivatives, Bypass, Special Settlement Terms | Not supported | ||
| Primary Fee Model | Inverted |
EOC-to-DAY: Inverted EOC Final Turn: Symmetrical |
Symmetrical | |
For more detailed information on order types and features, trading functionality, and additional information regarding market regulation and applicable trading controls, please see the Functionality Guide.
Information regarding trading fees can be found in the trading fee schedules for each of Omega ATS and Lynx Periodic Match.
