Omega ATS Demonstrates Market-Beating Growth

TORONTO, April 20, 2011 /PRNewswire/ -- Omega ATS, Canada's low cost, low latency alternative trading system for exchange-listed equities and fixed income instruments, has today announced its annual and quarterly growth rates. Since Omega received investment from Tactico in February 2010, it has gone from trading 142,513,581 to 4,417,907,430 CDN, an increase of more than 3,000 percent in terms of value traded by marketplace, demonstrating the most dramatic growth in non-dark order flow in the country and eclipsing the growth rate of competitors in the marketplace.

According to statistics published by IIROC, in the quarter ending March 31 2011, Omega's volume traded by marketplace, between February 2010 and March 2011, went from 30,602,600 to 547,739,000 shares, an increase of 1,690 percent, and its number of trades by marketplace went from 42,970 to 952,000, an increase of 2,115 percent over the same period. Comparatively, The Toronto Stock Exchange, Alpha and Chi-X all saw only marginal increases across all categories. The first quarter of 2011 saw a continued acceleration of Omega's growth, when compared to the fourth quarter of 2010.

Mike Bignell, president, Omega said: "The past twelve months have been incredibly successful for Omega as our growth trajectory demonstrates. We outpaced every one of our competitors significantly in 2010 and our last quarter's growth rates suggest that this upward path is set to continue. The obvious challenges now lie with the TSX, which is seeing newer, more nimble trading venues like Omega chip away at their position in the marketplace and the other ATS's, who have failed to innovate as Omega has with new instruments and a more affordable fee structure."

About Omega ATS

Omega ATS is a Canadian alternative trading system for exchange-listed equities and fixed income instruments. It provides a fast, price/time priority trading platform where dealers and their clients can trade at the CBBO (Canadian Best Bid and Offer) at extremely competitive rates. It has more than 70 subscriber firms including Canada's five largest dealers. The system is designed to maximize internal order processing speed – minimizing the time between when an order is received and an acknowledgement is sent. The company rewards liquidity providers with time priority over other marketplaces and is committed to keeping its marketplace fees as low as possible. For more information, please visit www.omegaats.com.

SOURCE Omega ATS