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Omega ATS Posts Higher Quarterly Volume as Rivals Struggle

Canadian alternative trading system Omega ATS announced that second quarter trading volume on its platform expanded 11.11 percent from the first, even as overall market volumes for equities fell 22.17 percent.

Canadian alternative trading system Omega ATS announced that second quarter trading volume on its platform expanded 11.11 percent from the first, even as overall market volumes for equities fell 22.17 percent.

The firm, which enables low latency trading of all Toronto Stock Exchange equities - and a broad range of U.S. stocks - added that the total number of trades climbed 11.26 percent higher in the second quarter from the first. Meanwhile the TSX and Alpha endured decreases in the number of trades and volume traded.

Omega president Mike Bignell said the firm's lack of subscriber fees and a diverse range of product offerings - which include a wide selection of fixed income instruments - were the reason it performed well relative to its peers during the second quarter.

"This formula keeps delivering results, not only for us, but for our subscribers who benefit from increased efficiency, in areas previously subject to over-inflated spreads," Bignell said in a statement. As the Senior Editor of Advanced Trading, Justin Grant plays a key role in steering the magazine's coverage of the latest issues affecting the buy-side trading community. Since joining Advanced Trading in 2010, Grant's news analysis has touched on everything from the latest ... View Full Bio

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