Aequitas wins approval to launch new Canadian stock exchange: Reuters

Aequitas Innovations Inc, a venture backed by some of Canada's biggest financial entities, has won approval from the country's main securities regulator to launch a new stock exchange seeking to challenge TMX Group Ltd's dominant Toronto Stock Exchange, Reuters reported. The exchange, called Neo, will attempt to address high-speed trading, costly data and lack of liquidity. It also has plans for a private marketplace to fund early-stage companies.

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