Omega to offer U.S. securities

By Staff | March 15, 2011 | Last updated on March 15, 2011
1 min read

Omega ATS has announced that its subscribers will be able to trade US securities, quoted in Canadian dollars, on its platform effective April 1, 2011. The first tranche of securities will include Bank of America, Google, Microsoft and several ETFs that trade on the NYSE, NASDAQ and AMEX.

“Bringing U.S. securities onto the venue shines some much-needed light on an area of the market that has traditionally been characterized by over-the-counter deals,” says Omega president Mike Bignell. “We believe in bringing innovation to market players and providing real choices. It’s a big part of our mission to increase transparency and eliminate foreign exchange premiums – which can be as high as three percent.”

The ATS expects to expand the range of foreign instruments available for trading to include any CDS-eligible security traded on a highly trafficked US exchange. staff


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