Aequitas Neo Exchange completes industry tests

Source: Aequitas

Aequitas NEO Exchange Inc. is very pleased to announce the successful completion of its first industry test weekend.

This industry test occurred on Saturday January 24th with the participation of a number of key trading and market data solution providers, as well as dealers representing a good cross section of the industry.

"We are very thankful to all those who participated in this first industry test weekend," stated Jos Schmitt, President & CEO, Aequitas NEO Exchange. "It allowed us to assess the state of readiness and robustness of our various technology systems and operational procedures, and I am pleased to report that the results were positive. This is a testament to the quality of the MillenniumIT® trading platform our Exchange will be using, as well as to the diligent work of the entire NEO Exchange team and its numerous partners over the past year."

Activ Financial, Integrated Transaction Systems (ITS), IRESS, Thomson Reuters and ITG Canada were amongst those who participated in the test.

"This first industry test went smoothly," added Nick Thadaney, CEO of ITG Canada. "This is not surprising, as we have been very impressed by the timeliness and quality of work produced by the Aequitas team so far. ITG is excited to be one of the first dealers to participate in a test weekend and we are eager to get going. We will absolutely be ready for launch."

The Aequitas NEO Exchange remains on track to launch its trading platform during the second half of March 2015 and will be conducting additional industry test weekends in the production environment leading up to the launch.

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