Jos Schmitt, NEO Exchange

Jos Schmitt, NEO Exchange

President and CEO
NEO Exchange

Shark Tank’s Kevin O’Leary recently called the NEO “the most interesting exchange” in Canada when talking to WP about his investment in a psychedelic research fund listed on the exchange. From his position as head of the NEO, Jos Schmitt has been a leading advocate for regulatory changes in Canadian stock markets. The NEO promises a better experience for companies, dealers and investors by eliminating practices like high-frequency trading, and the alternative exchange has continued to grow and add listings over the past year.

Schmitt had another chance to push for a new way of doing things earlier this year. When the TSX closed for the afternoon on February 27, in the first stages of the coronavirus selloff, its regulatory framework allowed a glitch to lead to a full closure of the exchange. Schmitt called the suspension a “black eye for the Canadian market,” citing his previous calls for making consolidated market data available. Moving forward, Schmitt and NEO are set to keep growing and pushing for change.

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