TradeLogiq
TradeLogiq operates Omega ATS and Lynx ATS, providing advanced trading systems and market data services in Canada.
Services
TradeLogiq operates Omega ATS and Lynx ATS, providing a range of trading services. The company offers both visible and hidden order types for trading. They provide a smart order router designed to remove liquidity at the Protected National Best Bid or Offer. Additionally, TradeLogiq offers a general testing environment where users can perform functional testing of their systems. Subscribers to these services include dealers registered in Canada and members of the Canadian Investment Regulatory Organization. TradeLogiq also provides custom reports that utilize data from Omega ATS and Lynx ATS.
Alternative Trading Systems
TradeLogiq operates two alternative trading systems (ATS) in Canada: Omega ATS and Lynx ATS. These systems are designed to offer flexible trading options including both visible and hidden order types. Omega ATS utilizes an inverted pricing model, which is one of its key features. These trading systems cater to various needs, from high-frequency trading to institutional investors looking for specific liquidity arrangements.
Market Data Feed
TradeLogiq provides a comprehensive market data feed that includes order level data, execution messages, and administrative messages. This feed is available via cross connection within the TR2 Equinix Data Centre. The market data feed utilizes the ITCH 5.0 protocol and QTP delivery protocol. Market data fees are structured to include charges for display, non-display, and data feed access. The market data agreements include standard terms and conditions as well as usage reporting requirements.
Liquidity Provision Program
TradeLogiq offers a liquidity provision program designed to incentivize trading activities through discounts based on trading volume. This program aims to enhance market liquidity, making it easier for traders to enter and exit positions. The discounts provided under this program are based on the volume of trades executed, encouraging participants to increase their trading activities on Omega ATS and Lynx ATS.
Technology and Connectivity Fees
TradeLogiq charges technology fees for client connectivity and access to trading and recovery services. These fees are essential for maintaining reliable and efficient trading operations. By ensuring robust connectivity and recovery options, TradeLogiq supports its clients in achieving seamless trading experiences.