Atrium Network, a financial connectivity provider, has linked to to Omega ATS, an alternative trading system for Canadian-listed stocks.
The connection will grant Atrium’s users access to the Omega ATS using Atrium’s dark fibre connectivity network. According to Atrium, using its point-of-presence network can provide low-latency links to market centres across the world. The network is designed to mitigate the cost and risk associated with co-location as users can establish one connection to Atrium rather than co-locating with each trading venue’s matching engine.
Atrium Network is also connected to clearing counterparties, settlement depositories and vendors.
“As part of our North American expansion strategy, we are pleased to provide our community with enhanced access to the major venues within the Canadian market,” said Emmanuel Pellé, executive director of Atrium Network, in a statement. “Our approach is to simplify connectivity to help clients take advantage of opportunities as they arise in the rapidly changing marketplace.”
“The provision of ultra-low-latency connectivity can help our trading participants significantly reduce trading costs and maximise on order processing speed,” added Randy Bucking, IT director, Omega ATS. “Since launch we have sourced providers of innovative, low-cost technology services in order to enhance the competitiveness and access of our offering while delivering cost efficiencies to our end client base.”