TSX Venture Exchange

Originally called the Canadian Venture Exchange (CDNX), this was a result of the merger of the Vancouver and Alberta stock exchanges. The goal of TSX Venture Exchange is to provide venture companies with effective access to capital while protecting investors.

Investopedia Says:
This exchange basically contains small-cap Canadian stocks and is home to a lot of high risk penny stocks.

(formerly CDNX), formed in 1999 through the merger of the Alberta Stock Exchange and Vancouver Stock Exchange, creating a single, national junior equities market for Venture Capital stocks in the technology and industrial sectors. Creation of TSX Venture was part of the restructuring of the Canadian equities and derivatives markets along lines of market specialization, with all Canadian senior equities traded on the Toronto Stock Exchange and all derivatives products on the Montreal Exchange. TSX Venture consolidates the operation of the Canadian Dealing Network. All junior equities traded on the Montreal Exchange and the Winnipeg Stock Exchange trade on TSX Venture Exchange. The exchange's S&P TSX Venture Composite Index, the benchmark for small-cap stocks in Canada, tracks the exchange's equities. The TSX Venture Exchange, with headquarters in Calgary, Alberta, has offices in Toronto, Vancouver, Winnipeg, and Montreal. There are three listings: initial public offering (IPO), reverse takeover (RPO), and a capital pool company (CPC) for proven entrepreneurs with a public market track record. Listed companies have two tiers. In 2001, the TSX Venture became a wholly owned subsidiary of the Toronto Stock Exchange. TSX Venture uses Trade CDNX, a screen-based system. Settlement is T+3. Trading hours are Monday through Friday, 9:30 A.M. To 4 P.M. Est. www.tsx.com.

The TSX Venture Exchange is a stock exchange in Canada. It is headquartered in Calgary, Alberta and has offices in Toronto, Winnipeg, Vancouver, and Montreal. It was previously known as the Canadian Venture Exchange (CDNX), but in 2001 the TSX Group purchased it and renamed it.

The TSX Group also owns the Toronto Stock Exchange (TSX). The TSX deals mostly with well-established equities, while the TSX Venture Exchange is a public venture capital marketplace for emerging companies that have not yet met the requirements for listing on the TSX.

As of 31 December 2007, the TSX Venture Exchange had 2,176 listed companies with a combined market capitalization of $58 billion.^[1]

Contents 1 History 2 See also 3 References 4 External links

History

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

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 Winnipeg, Toronto, and Montreal.

The Winnipeg Stock Exchange and the small-cap portion of the equities market of the Bourse de Montréal were also later merged into the CDNX.

See also

• List of stock exchanges
• List of American stock exchanges

References

1. ^ TSX Venture Exchange Page via Wikinvest

External links

• TSX Venture Exchange

This article about stock exchanges is a stub. You can help Wikipedia by expanding it. v • d • e

This article about a Canadian corporation or company is a stub. You can help Wikipedia by expanding it. v • d • e

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)