Only Three Years Old… and Fighting for Healthier Canadian Equity Markets

On this day three years ago we launched the NEO Exchange with a singular focus on doing what is right for investors and capital raising companies. How have we done so far? While it’s fair to say we have only scratched the surface, we are proud of the positive impact we have had on the Canadian equity markets. We have seen TSX lower its listing fees for both ETFs and corporates in a response to the competition we have brought to the senior listings space, as well as a clear shift in their messaging in an effort to align with the natural investor. Most significant, however, is the feedback we get from issuers, dealers and investors alike that acknowledges a change in attitude from the incumbent exchange that has resulted in better client service. That is how competition makes markets better for everyone.

 Our market quality data clearly shows that our solutions are working, and those results are also reflected in our accomplishments to date:

 – We are close to 10% of all Canadian equity trading (over 6%, excluding block trades)

– We are close to 20% of all Canadian ETF trading (over 10%, excluding block trades)

– We have over 60 NEO-listed ETF and closed-end fund symbols from 9 different issuers, including several migrations from the TSX

– We have welcomed our first public companies, including a cross-listing with NYSE, and there have already been announcements about more to come

 Read more here

https://www.aequitasneo.com/en/views/only-three-years-old-and-fighting-for-healthier-canadian-equity-markets?utm_source=joacim&utm_medium=social&utm_campaign=neo-3years