Tactico Acquires 24 Percent Equity Stake in Omega Securities

TORONTO, Feb. 8 /PRNewswire/ -- Tactico Inc. 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."

About Tactico Inc.

Tactico is an international advisory firm specializing in implementing strategic and tactical solutions for the financial services industry. The company provides consulting, venture and transition management, interim c-level staffing and technology solutions. Its leadership team has extensive hands-on experience building and operating successful businesses and navigating dynamic corporate climates. Tactico is committed to enhancing profitability, performance and market impact for its clients and partners in the trading, brokerage, banking, custodial services and wealth management communities.

SOURCE Tactico Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

440k+
Newsrooms &
Influencers

9k+
Digital Media
Outlets

270k+
Journalists
Opted In

GET STARTED