Canadian regulator approves change of control of Omega Securities
Matchpoint Financial Corp., Matchpoint Capital Inc., Grandslam Investments Inc., Laurence Rose and Alan Simpson will form new significant equity interests in Omega Securities.
The Ontario District Council of the Investment Industry Regulatory Organization of Canada (IIROC) has approved the change of control of Omega Securities Inc., whereby Matchpoint Financial Corp., Matchpoint Capital Inc., Grandslam Investments Inc., Laurence Rose and Alan Simpson will form new significant equity interests in Omega Securities.
Omega Securities Inc. (OSI), operates 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.
Also today, Omega ATS Inc. and Matchpoint Financial Corp. 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.