The NEO Exchange, a Canadian stock exchange, has partnered with Trackinsight to launch what NEO says is the first platform to offer free research and analysis on all Canadian-listed exchange-traded funds.
Canadian ETF Market, the platform NEO launched on Dec. 1, offers information on Canadian ETFs listed on the NEO Exchange as well as those listed on the Toronto Stock Exchange, its larger rival, according to NEO Chief Revenue Officer Erik Sloane. The launch came a month after Pensions & Investments and ETF data provider Trackinsight launched P&I ETF Exchange, a digital platform targeted to the needs of asset owners and institutional investors.
NEO's new platform provides Canadian investors with three key capabilities, Mr. Sloane said in an interview last week.
"The first big one is screening for ETFs," he said, adding that with some 1,200 Canadian ETFs, there's much to filter through for investors seeking to find ETFs to suit their specific investment requirements, such as ESG offerings, equities or foreign markets.
"Our screener I think is the best one in the market because it's simple," he said. "Screening shouldn't be a difficult exercise, and yet no real solution existed in Canada until Canadian ETF Market launched."