A new stock exchange has been given the green light by the Ontario Securities Commission
today. The new exchange which will be called Neo can operate from 1st
March 2015 and will be operated by Aequitas is backed some financial heavyweights including RBC, Barclays, OMERS Capital Markets and CI Financial. The new venture will aim to cut down the kind of high-speed trading frequently seen on the TSX by adding additional costs and barriers to those transactions.