- Aequitas NEO - backed by Royal Bank of Canada (NYSE:RY) and with investments from Invesco (NYSE:IVZ) and one of Canada's largest pension funds - is expected to launch late this month, reports the WSJ.
- The investments from Invesco and B.C. Investment Management give the new exchange a major source of volume and listings to be able to compete with TSE operator TMX Group, which already has its hands full with U.S. exchanges taking business.