(Bloomberg) — Royal Bank of Canada and Barclays Plc are among firms that will facilitate trades for Aequitas Innovations Inc.s Neo Exchange.
The two banks, which are also investors in Aequitas, will act as market makers in the bourse set to start trading on March 27, according to a statement from Aequitas Neo Exchange Inc., a unit of Aequitas Innovations. The exchange will compete with TMX Group Ltd.s Toronto Stock Exchange, the largest bourse in Canada, as well as several smaller trading platforms.
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We have the right mix of players to cater to the various liquidity needs of public companies and investment products, Joacim Wiklander, chief trading and data officer of Toronto- based Aequitas Neo, said in the statement.
Other market makers include the capital market units of Toronto-Dominion Bank, National Bank of Canada and Bank of Montreal, Independent Trading Group, Jitneytrade Inc., W.D. Latimer Co. and BBS Securities Inc., according to the statement.
Aequitass other investors include BCE Inc., CI Financial Corp., Ontario Municipal Employees Retirement System and the Public Sector Pension Investment Board.
