Omega ATS, the alternative trading system for Canadian exchange-listed equities and fixed income instruments, today announced changes to its standard pricing and subscriber model.
As of May 2, 2011, Omega ATS has dropped its monthly $350 subscriber fee, allowing all subscribers to maintain their Omega subscription for free. Omega has also increased the number of free access ports to 10 per month (from 1 currently) for all subscribers. The changes eliminate port access fees for more than 81% of current Omega subscribers.
“Our new fee structure has been designed to ensure that smaller players no longer subsidize the largest market participants,” said Mike Bignell, president of Omega ATS. “Under the new plan, the vast majority of our clients will see a significant reduction in fees. Our new fee structure enables us to continue to live up to our ethos of creating a level playing field for all, and we remain committed to offering a lower-cost alternative in order to make the Canadian trading landscape more transparent and efficient.”