Canadian ATS Omega unveils new matching engine

Omega ATS has introduced a new matching engine called ThymeX that claims to offer order execution in micro-seconds. Developed, maintained and hosted in Canada, ThymeX delivers compressed market data feeds and connectivity options including a streamlined direct API for electronic trading. Omega has upgraded all of the physical hardware and technology that supports the matching engine.

Kevin O'Connor, vice president at Credit Suisse said, "We are always excited when our trading partners offer solutions that reduce latencies and trading costs.  There is no doubt that our clients will continue to benefit from Omega's alternative pricing model and the improved performance of their new faster ThymeX matching engine."

ThymeX is the next-generation matching engine powering Omega ATS. With mean round trip ack time for orders measured in micro-seconds, ThymeX has vaulted Omega to the top tier of performance and features with some of the lowest latencies in the Canadian market.  In addition to performance, ThymeX delivers the essential scalability and reliability for the contemporary market, and stands apart with full multicast capabilities, compressed market data feeds, and a streamlined API for practitioners of sophisticated electronic trading.

February 2012

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