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Settlement approved imposing a $500,000 administrative penalty on an alternative trading system for data feed inaccuracies.
The Ontario Securities Commission approved a settlement agreement between Staff and Omega Securities Inc. (OSI) regarding OSI's failure to comply with transparency requirements under National Instrument 21-101.
OSI operated two Alternative Trading Systems and disseminated inaccurate information regarding broker identities, order receipt times, and trade execution times across its data feeds.
The settlement included an administrative penalty of $500,000 and the imposition of terms and conditions on OSI's registration to ensure ongoing compliance, including the retention of an independent systems reviewer.
