egX Canada Inc. has appointed PricewaterhouseCoopers LLP (PwC) to assist with egX Canada’s review of its information technology processes and internal controls relevant to egX Canada’s trading system.

The review is expected to be completed during the summer months. Nasdaq OMX is operating and managing egX Canada’s trading system.

“With PwC’s assistance, the completion of our review will satisfy a pre-operating condition contained in the recognition order issued by the BCSC,” says Mary Wong, president egX Canada.

In addition, egX Group reports that Tony Tennessy, a member of its advisory board, travelled to China with government and business representatives to promote new business opportunities and investment into local companies. A delegation of New Westminster citycCouncil members, senior city staff and local business people embarked on a 12-day mission to China in mid-June beginning with business networking activities at the BC Canada Pavilion in Beijing. From Beijing, the delegation travelled to Shanghai, Zhenjiang, Lijiang (New Westminster’s sister-city), Kunming and back to Beijing prior to returning home.

egX Group is developing the egX, a global securities marketplace designed for the listing and trading of real estate and related financial products. It is preparing to launch its first marketplace in Canada under egX Canada, a wholly owned subsidiary of egX Group.