Another new alternative trading system, the Omega ATS, is due to be launched on December 6.

Omega will provide the Canadian marketplace with a fast, anonymous, strict price/time priority trading platform where customers will be able to trade at the Canadian Best Bid and Offer at competitive rates. It will initially support securities inter-listed on the Toronto Stock Exchange and a U.S. exchange.

Omega will support trading in 10 symbols in its first week of launch and then 25 symbols in the second week, all of which will be announced prior to launch. It is Omega’s intention to scale-up to the full set of inter-listed symbols as soon as market conditions warrant.

Subscribers must be dealers registered in one or more provinces in Canada and members of the Investment Dealers Association of Canada, with a registered clearing number and account at CDS.