Canada’s newest exchange, set to open in March, has completed its first successful system’s test.
This past weekend, Aequitas’ NEO Exchange, tested its trading systems, data feeds and other key support systems as it readies itself for a late spring launch. This industry test occurred on Saturday January 24th with the participation of a number of key trading and market data solution providers, as well as dealers representing a good cross section of the industry.
Among the testing partners were: Activ Financial, Integrated Transaction Systems (ITS), IRESS, Thomson Reuters and ITG Canada were amongst those who participated in the test.
According to Aequitas, NEO Exchange remains on track to launch its trading platform during the second half of March 2015 and will be conducting additional industry test weekends in the production environment leading up to the launch.
“We are very thankful to all those who participated in this first industry test weekend,” said Jos Schmitt, president & cheif executive at NEO Exchange. “It allowed us to assess the state of readiness and robustness of our various technology systems and operational procedures, and I am pleased to report that the results were positive. This is a testament to the quality of the MillenniumIT trading platform our Exchange will be using.”
Aequitas Innovations announced that the Ontario Securities Commission (OSC) had approved the creation of its Neo Exchange last November.
