Fidessa connects to Canadian alternative trading system

Canadian equity trading venue OMEGA ATS and Fidessa, a trading systems provider, have signed a deal to provide Fidessa clients with connectivity to OMEGA’s execution services and liquidity pool.
By None

Canadian equity trading venue OMEGA ATS and Fidessa, a trading systems provider, have signed a deal to provide Fidessa clients with connectivity to OMEGA’s execution services and liquidity pool.

OMEGA ATS, a fully anonymous, low-cost alternative trading system for Toronto Stock Exchange-listed securities, is now available through the Fidessa trading platform in Canada, as well as via FIX through Fidessa’s global connectivity network.

“Our connectivity with Fidessa is another important milestone in the growth of Canada’s alternative marketplace,” said Greg King, chief operating officer, OMEGA ATS. “Since we launched 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,” he added.

“We are delighted to add OMEGA ATS as a destination on Fidessa’s global connectivity network and smart router. This connection offers our customers the greatest choice of Canadian destinations to trade,” commented Ron Lee, head of Fidessa Canada.

Fidessa provides integrated trading, market data and connectivity solutions to 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.

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