TSX Venture Exchange

The TSX Venture Exchange is a stock exchange in Canada.[1] It is headquartered in Calgary, Alberta, with offices in Toronto, Vancouver, and Montreal. All trading through the Exchange is done electronically, so the Exchange does not have a "trading floor". It was previously known as the Canadian Venture Exchange (CDNX), but in 2001 the TSX Group (now known as the TMX Group) purchased it and renamed it.

TSX Venture Exchange
TypeStock exchange
LocationCalgary, Alberta, Canada
FoundedNovember 29, 1999
Websitewww.tsx.com

The TMX Group also owns the Toronto Stock Exchange (TSX).[2] The Toronto Stock Exchange is the senior equity market, while the TSX Venture Exchange is a public venture capital marketplace for emerging companies.

As of November 2010, the TSX Venture Exchange had 2,364 listed companies with a combined market capitalization of $60,811,203,235.[3]

History

The Canadian Venture Exchange was created in Canada on November 29, 1999 as a result of an agreement among the Vancouver, Alberta, Toronto and Montreal exchanges to restructure the Canadian capital markets along the lines of market specialization.[4]

The CDNX was created by the merger of the Vancouver Stock Exchange (VSE) and the Alberta Stock Exchange (ASE). The focus of the CDNX was junior companies, i.e., those whose assets, business and market capitalization were too small to be listed on the Toronto Stock Exchange (TSX). Often, these were resource exploration companies, but also came to include new high technology ventures. The exchange had its corporate headquarters in Calgary, Alberta, and its Operations headquarters in Vancouver, British Columbia, with additional offices in Toronto and Montreal.

The Winnipeg Stock Exchange and the small-cap portion of the equities market of the Bourse de Montréal (MSE) were also later merged into the CDNX.[5]

See also

References
  1. "TSX Venture Exchange". TSX.com. Retrieved 2019-11-23.
  2. "TMX Group". TSX.com. Retrieved 2019-11-23.
  3. "Archived copy" (PDF). Archived from the original (PDF) on 2011-10-07. Retrieved 2010-12-08.CS1 maint: archived copy as title (link)
  4. "Practical Law CA (New Platform) Signon". signon.thomsonreuters.com. Retrieved 2019-11-23.
  5. "Practical Law CA (New Platform) Signon". signon.thomsonreuters.com. Retrieved 2019-11-23.


This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.