Omega ATS customers will now be able to trade U.S. securities priced in Canadian dollars on its electronic platform from April 1, 2011. The Canadian alternative trading system will also eliminate foreign exchange premiums on the new program, adds Reuters.
The clients will be able to enter bid/ask prices directly in Canadian dollars on the U.S. securities live on the venue. The first group of securities will include U.S. stocks such as Bank of America, Google, Microsoft and ETFs that trade on the NYSE, NASDAQ and AMEX.
Click here for the release from PR Newswire.