TORONTO--(BUSINESS WIRE)--Aequitas NEO Exchange Inc. (“NEO Exchange” or “NEO”) is pleased to announce it has been designated a Qualified Foreign Exchange by OTC Markets Group Inc. (“OTC Markets”), effective March 29, 2017. With this designation, NEO-listed companies may apply to qualify for trading on the OTCQX® and OTCQB® markets in the United States. The OTCQX and OTCQB markets allow companies to establish an efficient and cost effective secondary market to reach the US-based investment community, without a U.S. exchange listing.
“We are proud to receive this designation from OTC Markets as it expands the international scope of our listings business and further establishes our place in the global markets,” stated Jos Schmitt, President and Chief Executive Officer, NEO Exchange. “We are particularly aligned with the efforts of OTC Markets to provide their services in an efficient and cost effective manner and believe it’s an important avenue for NEO-listed companies to consider as they seek visibility from the broadest possible audience.”
“We are pleased to officially recognize NEO as a qualified non-U.S. stock exchange,” added Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. “Any company listed on the NEO Exchange may now apply to qualify for trading on our OTCQX and OTCQB markets, and we look forward to welcoming more Canadian companies to the U.S. markets.”
OTC Markets Group operates the OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market for 10,000 U.S. and global securities. Through OTC Link® ATS, the company connects a diverse network of broker-dealers that provide liquidity and execution services. OTC Markets Group enables investors to easily trade through the broker of their choice and empowers companies to improve the quality of information available for investors.
A complete list of OTC Markets Qualified Foreign Exchanges can be found here: https://www.otcmarkets.com/services/companies/otcqx-international/qualified-exchange-list.
About NEO Exchange
Aequitas NEO Exchange Inc. is a new Canadian stock exchange using a bold new blueprint that puts investors, businesses looking to raise capital and dealers first. Launched in March 2015, the NEO Exchange currently offers an innovative trading venue and a value added listing venue for capital raising companies and investment products. The NEO Exchange is a wholly owned subsidiary of Aequitas Innovations Inc., a company founded by a diverse group of prominent investors representative of all Canadian capital market stakeholders. For more information, please visit: www.aequitasNEO.com