Alternative exchange receives coveted designation

Listed companies can now apply to trade on a US secondary market

Alternative exchange receives coveted designation
Aequitas NEO Exchange has officially announced its designation as a qualified foreign exchange by OTC Markets Group, effective March 29.

“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 US markets,” said Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group.

OTC Markets Group operates OTCQX Best Market, the OTCQB Venture Market, and the Pink Open Market, which together have 10,000 US and global securities listed. The company’s OTC Link ATS platform connects a diverse network of broker-dealers that provide liquidity and execution services. Investors can trade through their preferred broker, and companies are able to provide investors with higher-quality information.

“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,” said Jos Schmitt, president and CEO of the NEO exchange. “We are particularly aligned with the efforts of OTC Markets to provide their services in an efficient and cost-effective manner.”

Aequitas NEO Exchange joins more than 40 other qualified non-US exchanges, including the Australian Securities Exchange, the Hong Kong Stock Exchange, the Frankfurt Stock Exchange, and the London Stock Exchange.

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