Omega ATS

Omega ATS

June 24, 2008 09:05 ET

OMEGA ATS and Fidessa Connect to Deepen Liquidity

TORONTO, ONTARIO--(Marketwire - June 24, 2008) - OMEGA ATS and Fidessa group plc (LSE:FDSA), 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.

The Fidessa product suite provides integrated trading, market data and connectivity solutions to over 22,000 users at around 520 clients around the world and serves over 85% of global, tier-one equity brokers. Fidessa's global connectivity network provides links to around 255 brokers, 1,500 buy-sides and 92 exchanges globally.


OMEGA ATS provides the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform where customers can trade at the CBBO (Canadian Best Bid and Offer) at competitive rates. OMEGA ATS is a service delivered by Perimeter Markets Inc. and powered by the superior technology of the MarLar Group.

About Fidessa group Fidessa group is a world-leading supplier of multi-asset trading, portfolio analysis, decision support, investment compliance, market data and global connectivity solutions for both the buy-side and sell-side globally. Available as a simple workstation or as an integrated application suite, the Fidessa and Fidessa LatentZero product suites are built on the clear vision of providing the richest functionality, coverage and distribution to the financial markets community.

The Fidessa suite is used by 85% of tier-one, global equity brokers providing sophisticated trading, market data, order management and execution capabilities to all tiers of the sell-side.

The Fidessa LatentZero suite is used by the world's largest asset management firms through to smaller specialist managers and hedge funds, and provides comprehensive portfolio analysis, real-time P&L, what-if analysis, investment compliance, order and execution management, and post trade processing tools, across all asset classes, to all tiers of the buy-side.

Fidessa's global network carries over 95 million messages a month covering DMA, Care and Algorithmic orders, Indications of Interest and FIX Allocations between around 1,500 buy-sides and 255 brokers across 92 exchanges worldwide.

Head-quartered in London and with offices in New York, Boston, Tokyo, Hong Kong, Paris, Toronto and San Francisco, Fidessa group serves around 22,000 users across 520 clients globally. Fidessa group was founded in 1981, has revenues of $270m, employs over 1,100 people and has been fully listed (LSE:FDSA) since 1997.

Fidessa® is a registered trademark of Fidessa Group plc

All product and company names herein may be trademarks of their registered owners.

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