TORONTO, Feb. 5, 2019 /CNW/ - Omega ATS Inc. ("Omega") and Matchpoint Financial Corp. ("Matchpoint") today announced that Matchpoint has acquired controlling interest in Omega from certain selling shareholders. Matchpoint is led and controlled by Laurence Rose, former Chairman and CEO of Cantor Fitzgerald Canada Corporation and founder of Canada's first Alternative Trading System ("ATS"), CBID Markets Inc. Acquisition financing was provided to Matchpoint by Grand Slam Investments Inc., a significant family office investor, which will also acquire an equity position in Matchpoint. The new ownership group also includes Martin Piszel, former Head and Managing Director of Electronic Trading and Prime Brokerage at CIBC World Markets Inc. and one of the co-founders of Alpha ATS.
The change of control transaction has been approved by the applicable regulatory authorities.
"We are pleased to have the opportunity to acquire controlling interest in Omega. Omega was founded on the principles of Canadian-led innovation in capital markets and delivering the highest quality execution services for its clients. We expect to continue this mission and be a focused, entrepreneurial, innovator in the ATS space", remarked Laurence Rose, Chairman and Chief Executive Officer of Matchpoint Financial. "Stay tuned for new developments from Omega, we are excited about the future", concluded Mr. Rose.
Stikeman Elliott LLP acted as legal counsel to Matchpoint. Comarm Solutions Inc. and Fuller Landau LLP provided advisory services.
About Matchpoint Financial Corp.
Matchpoint Financial Corp. is the controlling shareholder of Omega ATS Inc. which, through its wholly-owned subsidiary, IIROC Member Firm and OSC Registered ATS, Omega Securities Inc., operates two Canadian lit marketplaces for trading in Canadian listed securities. Matchpoint shareholders include Laurence Rose, the founder of Canada's first ATS, Martin Piszel, one of the founders of the Alpha ATS, and Grand Slam Investments Inc., a significant family office investor.
About Omega ATS Inc. | Omega Securities Inc.
Omega Securities Inc. (OSI), an IIROC member firm, is the operator of two lit marketplaces: Omega ATS and Lynx ATS. These two marketplaces offer a venue for the facilitation of trading in Canadian listed securities, such as equities and listed fixed income. Omega's marketplaces account for more than five percent of Canadian equities trading and provide a cost-effective and efficient method for the Canadian broker/dealer community to execute transactions on behalf of their clients.
SOURCE Omega ATS Inc.
For further information: Laurence Rose, Chairman, President and Chief Executive Officer, Matchpoint Financial Corp., [email protected], (647) 920-6383; Laurence Rose, Chairman, Omega ATS Inc., [email protected], (647) 920-6383