Few people dare say it publicly, but the impending launch of a new trading venue in Canada comes with one glaring question: Will it actually change anything?
Come Friday, Aequitas Innovations Inc. will cap its two-year journey to create a new stock market. Backed by major financial institutions, including Royal Bank of Canada and CI Investments Inc., Aequitas will flip the switch on its trading system and start taking on the Toronto Stock Exchange, which currently enjoys near-monopoly status across the country.
Many of Aequitas’s supporters are frustrated with the current equities market, arguing its structure allows TMX Group Ltd., which runs the TSX, to charge exorbitant fees for crucial trading data.
TIM KILADZE – GLOBE AND MAIL – MARCH 26, 2015.
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