Ap­pli­ca­tion for Nas­daq ex­change in Canada un­der re­view

The Telegram (St. John’s) - - BUSINESS -

TORONTO - The head of Canada’s big­gest se­cu­ri­ties reg­u­la­tor says its staff have re­viewed an ap­pli­ca­tion by Nas­daq Inc. to op­er­ate a stock ex­change in Canada.

On­tario Se­cu­ri­ties Com­mis­sion chair and CEO Mau­reen Jensen says that the ap­pli­ca­tion has not yet been re­viewed by the board, but has been re­viewed by the reg­u­la­tor’s staff. Jensen says she ex­pects the OSC to con­sider the ap­pli­ca­tion at one of its up­com­ing meet­ings, but doesn’t ex­pect there to be an is­sue.

An ear­lier re­port says that the Nas­daq is push­ing ahead with its bid to op­er­ate an ex­change in Canada.this comes af­ter more than a year af­ter Nas­daq com­pleted its ac­qui­si­tion of Chi-x Canada, an al­ter­na­tive trad­ing sys­tem for the Toronto Stock Ex­change, in Fe­bru­ary 2016.

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