Aequitas Vows to Continue Fight for Canadian Tape After Competition Bureau Drops TMX Probe

Aequitas CEO Jos Schmitt says the exchange will lobby regulators and market participants about practices that it says damage competition and investors' trading.

jos-schmitt-aequitas-2016

In 2015, Aequitas contacted the Competition Bureau, accusing TMX of impeding its attempts to create and launch a lower-cost consolidated feed, dubbed CMV Connect, which would collect "private" market data that is provided by dealers and investment firms to marketplaces, aggregate this data with public data from Aequitas' NEO Exchange, and distribute it back to market participants at a lower price than existing alternatives. Specifically, Aequitas alleged that TMX's market data agreements with de

To continue reading...

You must be signed in to use this feature.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: