Market Chatter: Neo Stock Exchange To Challenge Dominance of TSX
A new Canadian stock exchange set to launch in late March will offer attractive fees for market data or waive them altogether in a bid to challenge the dominance of TMX Group Ltd's (X.TO) Toronto Stock Exchange, according to a Reuters report Wednesday.
Aequitas Innovations Inc reportedly said on Wednesday that its Neo exchange will not charge retail investors for access to real-time displayed market data for securities listed on the primary and venture TSX exchanges.
It will waive those fees for professionals trading on the Neo exchange until it reaches 5% market share, and will give away market data for Neo-listed companies, the report said.
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