Aequitas NEO Exchange has been designated a Qualified Foreign Exchange by OTC Markets Group, effective 29 March 2017.
NEO-listed companies may now apply to qualify for trading on the OTCQX and OTCQB markets in the US.
The OTCQX and OTCQB markets allow companies to establish an efficient and cost effective secondary market to reach the US-based investment community, without a US exchange listing.
“We are proud to receive this designation from OTC Markets as it expands the international scope of our listings business and further establishes our place in the global markets,” says Jos Schmitt (pictured), president and chief executive officer, NEO Exchange. “We are particularly aligned with the efforts of OTC Markets to provide their services in an efficient and cost effective manner and believe it’s an important avenue for NEO-listed companies to consider as they seek visibility from the broadest possible audience.”
“We are pleased to officially recognise NEO as a qualified non-US stock exchange,” says Jason Paltrowitz, executive vice president of corporate services at OTC Markets Group. “Any company listed on the NEO Exchange may now apply to qualify for trading on our OTCQX and OTCQB markets, and we look forward to welcoming more Canadian companies to the US markets.”
