President and CEO
Shark Tank’s Kevin O’Leary recently called the NEO “the most interesting exchange” in Canada when talking to WP about his investment in a psychedelic research fund listed on the exchange. From his position as head of the NEO, Jos Schmitt has been a leading advocate for regulatory changes in Canadian stock markets. The NEO promises a better experience for companies, dealers and investors by eliminating practices like high-frequency trading, and the alternative exchange has continued to grow and add listings over the past year.
Schmitt had another chance to push for a new way of doing things earlier this year. When the TSX closed for the afternoon on February 27, in the first stages of the coronavirus selloff, its regulatory framework allowed a glitch to lead to a full closure of the exchange. Schmitt called the suspension a “black eye for the Canadian market,” citing his previous calls for making consolidated market data available. Moving forward, Schmitt and NEO are set to keep growing and pushing for change.