OMEGA ATS and Fidessa Connect to Deepen Liquidity
TORONTO, 24th June 2008 - OMEGA ATS and Fidessa group plc (LSE:FDSA), today announced the provision of connectivity, giving Fidessa users access to the fast, cost-efficient and anonymous execution services provided by OMEGA ATS. This extends the community of users that can access OMEGA ATS and allows them to enjoy a greater pool of liquidity in the growing Canadian alternative marketplace.
OMEGA ATS Chief Operating Officer, Greg King, said: "Our connectivity with Fidessa is another important milestone in the growth of Canada's alternative marketplace." King adds: "Since we launched OMEGA ATS late last year, we've seen rapid growth in our trading volumes, with a limited number of service bureau connections. Adding the Fidessa client base will further broaden our market reach and the liquidity available in Canada. It's an important part of our commitment of giving technology vendors access to OMEGA ATS."
OMEGA ATS is a fully anonymous, low-cost alternative trading system for TSX-listed securities. Operated by Perimeter Markets Inc., OMEGA ATS is available through the Fidessa trading platform in Canada, as well as via FIX through Fidessa's global connectivity network."
Ron Lee, head of Fidessa Canada says: "We are delighted to add OMEGA ATS as a destination on Fidessa's global connectivity network and smart router. The appetite for Canadian market access is growing exponentially and this connection is further testimony to our ability to offer our customers the greatest choice of Canadian destinations to trade and our rapidly expanding Canadian presence."
Commenting on Fidessa's service, Wendy Morgan, Head of Real Time Data at the London Stock Exchange, said: "As trading volumes grow and latency becomes more crucial, it is essential that our customers have a wide variety of options when choosing to connect to the London Stock Exchange's markets. We therefore welcome Fidessa's investment in delivering their service in parallel with the launch of Performance Channels. It ensures that market participants have low latency access to our markets and demonstrates the strength of the partnership between Fidessa and the London Stock Exchange."
Fidessa's Canadian trading platform combines electronic order and execution workflow along with real-time, multi-currency trading, position keeping and reporting. Fidessa's advanced trading tools include: pairs trading, list management and wave trading tools along with Fidessa BlueBox; Fidessa's Algorithmic Management System (AMS) which is totally integrated within the Fidessa Order Management System (OMS). Comprehensive real-time market data is also seamlessly integrated into Fidessa, including fundamentals, charts and historical trade time and sales displays."
The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 22,000 users at around 520 clients around the world and serves over 85% of global, tier-one equity brokers. Fidessa's global connectivity network provides links to around 255 brokers, 1,500 buy-sides and 92 exchanges globally.
About OMEGA ATS
OMEGA ATS provides the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform where customers can trade at the CBBO (Canadian Best Bid and Offer) at competitive rates. OMEGA ATS is a service delivered by Perimeter Markets Inc. and powered by the superior technology of the MarLar GroupPDF (0.06 MB)