NEO Is Now the 3rd Most Active Marketplace in Canada

TORONTO--()--In July 2019, the NEO Exchange (“NEO”) became the 3rd most active marketplace in Canada in volume traded, surpassing the Canadian Securities Exchange and closing in on Nasdaq Canada. With 1.8 billion shares traded in July, whereof approximately 75% in continuous trading, NEO is continuing its trading growth trajectory, which began in mid-2015.

“This is quite the feat to achieve after only four years of operating our marketplace, especially since our closest competitors have both been around for over 10 years,” said Jos Schmitt, President and CEO, NEO. “Our relentless focus on quality of execution and quality liquidity is paying off, and the real winners are investors and the companies listing with us. It is very rewarding to see that doing what is right can lead to commercial success.”

The NEO Exchange is now home to over 90 corporate and ETF listings, and consistently facilitates over 10 per cent of all Canadian trading volume. Click here for a complete view of all NEO-listed securities.

About NEO Exchange
Neo Exchange Inc. is Canada’s next generation stock exchange, putting the needs of investors, businesses looking to raise capital and dealers first. Fully operational since June 2015, the NEO Exchange currently offers an innovative and investor-driven trading platform for all Canadian publicly-traded securities. It also has a value-added listing approach for capital raising companies and investment products, focused on liquidity, transparency and efficiency. For more information, please visit: NEOstockexchange.com.

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Contacts

Adam Bornstein
E: adam.bornstein@NEOstockexchange.com
P: 905.505.2540

Release Summary

With 1.8 billion shares traded in July, the NEO Exchange became the 3rd most active marketplace in Canada in volume traded, surpassing the CSE.

Contacts

Adam Bornstein
E: adam.bornstein@NEOstockexchange.com
P: 905.505.2540