Omega ATS, an alternative trading system that facilitates trading on all of the major Canadian listed exchanges including TSX, TSXV, CNSX and Alpha, began operations in December of 2007.
The Omega trading network was designed to be an ultra-low latency and low cost venue that maximizes internal order processing speed. Omega's order book follows strict price/time priority rules and only facilitates trading in securities that are eligible for settlement through the Canadian Repository for Securities Limited (CDS).
Omega offers an inverted pricing model for equities, charging a low price to add liquidity and assessing zero charges to take liquidity. The marketplace also offers Breakpoint Pricing that gives broker dealers a discounted liquidity-providing rate based on overall volume executed on equities in a given month.
Omega ATS is open for trading between 9:30 am and 4:00 pm (Eastern), and does not accept orders prior to market open.