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OSC wants input on new exchange proposal Add to ...

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Canada’s newest planned stock exchange is a step closer to reality, as regulators laid out the grounds under which the Aequitas exchange could be approved and sought comments from market users on some of the more controversial aspects.

Aequitas’s Neo Exchange is designed to appeal to traders who are concerned that their trades might be bait for predatory high-frequency trading strategies (a la those detailed in the book Flash Boys), and so has been carefully constructed to try to ensure any such strategies won’t work. However, some of the tweaks that Aequitas is planning to use challenge the conventional ways in which markets are run. The Ontario Securities Commission is looking for feedback on some of those issues.

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