Aequitas seeks industry experts for advisory roles

New Canadian equities exchange Aequitas NEO is looking for industry experts to join its advisory committees ahead of it launch later this week.

New Canadian equities exchange Aequitas NEO is looking for industry experts to join its advisory committees ahead of it launch later this week.

The new exchange, which is looking to offer listings, secondary trading and an unlisted share market, said it wants to engage with market participants to continually improve its offering.

Aequitas NEO is due to launch of Friday 27 March and has recently announced its trading and market data fee structure.

It is seeking buy-side and sell-side members to join its institutional trading committee, while its market data committee is seeking input from dealers, distributors and subscribers. There will also be a retail trading committee.

It said members should be willing to engage in active debate and share ideas about how to redefine the role of exchanges to benefit all market participants.

Aequitas NEO was founded by Jos Schmitt, who formerly launched Alpha ATS in Canada before selling it to incumbent exchange operator TMX in 2012. Schmitt is aiming to go head-to-head with TMX in the Canadian market.

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