What Canada's newest exchange means for you

Why some new ETFs are launching on the upstart Aequitas NEO Exchange instead of the TSX.

Andrew Hepburn 28 February, 2017 | 6:00PM

The Toronto Stock Exchange is by far the dominant stock exchange in Canada. As of this month, the TSX, TSX Alpha and the TSX Venture Exchange accounted for 72.1% of the volume in Canadian equities, according to data from parent company TMX Group Ltd. (X).

Now, however, there is new competition for the TSX. It comes from the upstart Aequitas NEO Exchange. Backed by large institutional investors such as OMERS Capital Markets, Barclays and CI Investments, Aequitas NEO seeks to create what it says is a better market both for investors and listed companies in the light of concerns about high-frequency trading, access to market data and liquidity on the TSX.

The exchange, which started trading in March 2015, isn't a household name yet, but it has taken 2.8% of Canadian equity trading volume since its inception. It trades all TSX and TSX Venture equities, and is accessible to investors via major online trading platforms.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

Securities Mentioned in Article

Security NamePriceChange (%)Morningstar Rating
TMX Group Ltd133.96 CAD-0.37

About Author

Andrew Hepburn

Andrew Hepburn  Andrew Hepburn is a freelance financial writer based in Toronto. He writes about investments, market trends and personal finance. He has written for Maclean's, the Globe and Mail, RateHub.ca and Canadian MoneySaver.

© Copyright 2020 Morningstar, Inc. All rights reserved.

Terms of Use        Privacy Policy        Cookies