18 October 2017
Register now

Tactico takes 24% stake in Omega ATS

08 February 2010  |  1483 views  |  0 Source: Tactico

Tactico has purchased a 24 percent equity stake in Omega ATS, an alternative trading system for Canadian exchange-listed equities, and will provide the company with financing, infrastructure support and consulting services.

Omega ATS, based in Toronto, has more than 70 subscriber firms including Alpha Trading Systems' eight founding member banks - BMO Nesbitt Burns Inc., Canaccord Capital Inc., CIBC World Markets Inc., Desjardins Securities Inc., National Bank Financial Inc., RBC Dominion Securities Inc., Scotia Capital Inc. and TD Securities.

"Omega's volume has tripled in the past two months and they have significant price and speed advantages over TMX, Alpha, Chi-X and Pure," said Eric Stoop, managing director, Tactico. "Omega has created a perfect storm with its straight-forward pricing, excellent performance and surging growth in liquidity. Coupled with Tactico's investment and experience, Omega is poised to challenge the larger alternatives by providing an improved trading experience at a much lower cost."

Tactico, an international advisory firm specializing in implementing strategic and tactical solutions for the financial services industry, completed the stock purchase on January 24, 2010. It intends to invest additional capital and plans to use the funds to make significant investments in Omega's technology infrastructure and its service offerings.

"JitneyTrade has recently moved onto the top ten list of TSX trading leaders by volume and value and we are always looking for new products, technologies and ideas that will increase liquidity and market efficiencies across Canada," said Francesco Pasin, CEO of JitneyTrade. "We have seen Omega take a leading role in challenging traditional pricing models and Tactico's investment will help them continue to become a great alternative to other marketplaces in Canada."

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Register nowvisit www.vasco.comvisit www.capgemini.com

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15457 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8656 views comments | 16 tweets | 22 linkedin
hands typing furiouslyHow artificial intelligence can deliver a...
8232 views 0 | 8 tweets | 9 linkedin
satelliteGates Foundation backs Ripple collaboratio...
7718 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
6924 views comments | 9 tweets | 17 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job