NEO (Aequitas Innovations, Neo Exchange and Neo Connect)

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NEO (Aequitas Innovations, Neo Exchange and Neo Connect)
Founded 2015
Headquarters Canada
Products Canadian Equities Exchange
Website https://www.neo.inc/en/home

NEO is the aggregate business name for Aequitas Innovations, Neo Exchange and Neo Connect.

NEO Exchange is the third most active marketplace in Canada, consistently representing close to 15% of all volume traded in Canadian-listed securities. NEO is home to more than 170 unique public listings, including public companies, Exchange Traded Funds (ETFs), Special Purpose Acquisition Companies (SPACs), Growth Acquisition Corporations (G-Corps™), and Closed-End Funds (CEFs). NEO-listed securities market data is available to investors in real-time, at no cost.[1]

Cboe Global Markets acquired NEO on June 1, 2022. With its ownership of NEO, Cboe said it expected to provide an enhanced Canadian equities offering and to further grow Canada as a hub for global equities trading.[2]

History[edit]

NEO Exchange was launched in 2015.

In 2019, NEO launched DealSquare, in collaboration with Silver Maple Ventures. DealSquare was Canada’s first fully-automated and centralized dealer platform for private placements. It gives registered users the ability to find, analyze, and transact private market deals. DealSquare is powered by the same technology that enables Platform Traded Funds or PTFs, launched in 2016, to make the purchase and redemption of mutual funds more efficient and less costly.

On June 1, 2022, NEO was acquired by Cboe Global Markets.

On September 8, 2022, Cboe Global Markets announced that NEO Exchange, along with Cboe BZX Exchange, had listed a new suite of sustainable ETFs from Emerge. The investment strategies are available in both U.S.- and Canada-domiciled funds and mark Cboe's first coordinated launch of ETFs on both sides of the border.[3]

Products and Services[edit]

  • Capital raising through both public listings and private placement
  • Raising assets with exchange traded investment vehicles, Canadian Depositary Receipts, and platform traded funds
  • Trading - through three distinct trading venues
  • A large pool of investment opportunities

Key People[edit]

References[edit]