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Aequitas Neo Exchange Inc. has been recognized by the Ontario Securities Commission.

The exchange was proposed as a new Canadian stock market starting in 2013, and it’s backed by the country’s largest bank and several large financial firms. Since then, the OSC has conducted a staff review and received 60 submissions from a variety of market participants.

Read: OSC requests comment on new exchange proposal

And now, OSC has provided recognition, which becomes effective March 1, 2015. In more detail, the OSC has recognized both Aequitas Neo Exchange Inc. and Aequitas Neo Exchange Innovations Inc.

Read:

OSC says ‘no’ to Aequitas, gets revised proposal

More support for new Canadian stock exchange

Originally published on Advisor.ca

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