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Aequitas receives OSC approval to launch Neo exchange

Mon, 17th Nov 2014 16:29

TORONTO, Nov 17 (Reuters) - Canada's main securitiesregulator said on Monday it approved an application fromAequitas Innovations Inc to launch a new stock exchanged calledNeo, as the newcomer seeks to challenge the dominance of the TMXGroup Inc's Toronto Stock Exchange.

The Ontario Securities Commission (OSC) recognition iseffective on March 1, the regulator said on Monday. (Reporting by Alastair Sharp; Editing by Chizu Nomiyama)

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