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NEO Exchange Canadian market share tops 6 per cent as ETF trading surges


Aequitas NEO Exchange averaged over 6 per cent of Canadian securities market share by value traded since the beginning of 2016. For the month of April 2016, this figure reached 7.1 per cent and, excluding crosses, 3.4 per cent.

On 1 April , 2016, on the heels of the successful launch of its first listing – Invesco Canada’s PowerShares DWA Global Momentum Index ETF (DWG) – the NEO Exchange peaked at 50 per cent of Canadian ETF market share by value traded, making it the largest Canadian marketplace trading ETFs on that day. On average, over the course of April, the NEO Exchange secured over 24 per cent of Canadian ETF market share by value traded, with several days where it surpassed all other marketplaces.

“In this highly competitive space, it is truly gratifying to see that we are offering services that meet the needs of long-term investors, ETF providers and their dealers,” says Joacim Wiklander, Chief Business Officer, Aequitas NEO Exchange Inc. “From this position of strength, fueled by our innovation and our laser-like focus on fairness, liquidity and transparency, we will continue to grow and improve the overall quality and competitiveness of the Canadian capital markets.”

Analysis of trading data on the NEO Exchange indicates it has already made great strides in bringing a new level of fairness, liquidity, transparency and quality to the Canadian capital markets.

In April, the NEO Exchange boasted the largest average trade sizes compared to all other Canadian marketplaces in the most actively traded securities. The NEO Exchange has reduced unnecessary intermediation, with almost 50 per cent of trades happening amongst regular investors. Since the beginning of 2016, regular investors have made up almost 70 per cent of all volume traded on the NEO Exchange.

“We believe the amount of trading amongst regular investors that we see on our marketplace, is unprecedented in Canada and beyond,” says Wiklander. “We are proud our innovative solutions have helped minimise predatory high frequency trading and improve quality of execution on our Exchange, to the benefit of institutional and retail investors.”

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