Fidessa connects to Omega ATS

Source: Omega ATS

Omega ATS and Fidessa group (LSE:FDSA.L), today announced the provision of connectivity, giving Fidessa users access to the fast, cost-efficient and anonymous execution services provided by Omega ATS.

This extends the community of users that can access OMEGA ATS and allows them to enjoy a greater pool of liquidity in the growing Canadian alternative marketplace.

OMEGA ATS Chief Operating Officer, Greg King, said: "Our connectivity with Fidessa is another important milestone in the growth of Canada's alternative marketplace." King adds: "Since we launched OMEGA ATS 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."

OMEGA ATS is a fully anonymous, low-cost alternative trading system for TSX-listed securities. Operated by Perimeter Markets Inc., OMEGA ATS is available through the Fidessa trading platform in Canada, as well as via FIX through Fidessa's global connectivity network.

Ron Lee, head of Fidessa Canada says: "We are delighted to add OMEGA ATS as a destination on Fidessa's global connectivity network and smart router. The appetite for Canadian market access is growing exponentially and this connection is further testimony to our ability to offer our customers the greatest choice of Canadian destinations to trade and our rapidly expanding Canadian presence."

Fidessa's Canadian trading platform combines electronic order and execution workflow along with real-time, multi-currency trading, position keeping and reporting. Fidessa's advanced trading tools include: pairs trading, list management and wave trading tools along with Fidessa BlueBox; Fidessa's Algorithmic Management System (AMS) which is totally integrated within the Fidessa Order Management System (OMS). Comprehensive real-time market data is also seamlessly integrated into Fidessa, including fundamentals, charts and historical trade time and sales displays.

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