Commentary

Ronald Jordan
Traders Magazine Online News

Understanding Your Data is No Longer Optional

In this contributed article from Global Markets Advisory Group, the advisory discusses the importance of data and how organizations should augment existing skill sets and capabilities to add a data-focused perspective to their operating fabric.

Traders Poll

Do you expect SEC Chairman Jay Clayton to push for regulation in the cryptocurrency issuance and trading markets?

Yes

74%

No

5%

The CFTC will push for regulation

21%

Free Site Registration

June 3, 2013

Omega Launches Second ATS in Q4

By John D'Antona Jr.

Omega ATS plans to launch a second alternative trading system for brokers and institutions in Canada.

The new venue, to be called Lynx, will open late in the fourth quarter of this year, said Sean Debotte, director of business development at Omega.

To differentiate itself from Omega's primary ATS, Lynx will employ a maker-taker style pricing model for all trading activity, and the "default" attribution setting for Lynx ATS will be broker-attributed, with the option to enter orders anonymously on a ticket-by-ticket basis.

"Omega ATS subscribers who become Lynx subscribers will be able to leverage existing connectivity, or establish entirely new connections to Lynx depending on the individual needs," Debotte said. "As a result, subscription, connectivity and market data for this new marketplace will not burden subscribers."

Lynx will have no subscription fee, and will also have no connection fee or data fee, Debotte added. The venue will use trade-matching technology hosted by OSI's ThymeX matching engines. The venue will charge only transaction fees on executed trades.

All eligible orders will match within Lynx ATS according to a strict price-time priority, with the exception of intentional crosses. Intentional crosses will be granted time priority over other orders on the book at the same price level.

 

(c) 2013 Traders Magazine and SourceMedia, Inc. All Rights Reserved.
http://www.tradersmagazine.com http://www.sourcemedia.com/