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ECN Puts Canadian Spreads on a Diet

Traders Magazine, January 2008

James Ramage

Spreads are too wide in Canada, according to one broker, so there's money to be made from them. Perimeter Financial introduced a new ECN-like maker-taker marketplace there to help traders access them. The Toronto-based Perimeter launched Omega ATS to attract those hoping to narrow spreads for inter-listed securities-those Canadian stocks that are listed and trade in both the U.S. and Canada.

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