CNSX Changes Name

The Canadian National Stock Exchange (CNSX) has begun the new year by moving to a new, shorter name: The Canadian Securities Exchange (CSE).

As quoted in the press release:

The choice of the name Canadian Securities Exchange reinforces three of the central characteristics of the organization:

  • “Canadian”: Headquartered in Toronto, with an office in Vancouver and with representation in Calgary and Montreal, the CSE serves the needs of entrepreneurs with efficient access to the Canadian public capital markets. The Canadian market is recognized internationally for its ability to facilitate the creation and financing of public companies – a significant source of employment and economic growth in the country.

  • “Securities”: The CSE provides listings and trading services for more than just common equities. Convertible debentures, debt instruments, provincial government bonds, structured products and income trusts are also currently listed on the exchange. As issuers and the corporate finance community develop investment products designed to appeal to various segments of the investor population, the CSE will look to enhance both primary and secondary market liquidity for these new instruments.

  • “Exchange”: Issuers on the CSE are subject to a number of requirements designed to promote investor protection: prospectuses or other disclosure documents reviewed and approved by a securities commission; continuous disclosure requirements for material information; monthly updates from each issuer available on the CSE’s web site; and periodic regulatory filings available to investors on www.sedar.com. The CSE also provides a single, continuous auction market service, where bids and offers are displayed, and incoming marketable orders are traded on a price, broker, and time algorithm. Trading services are transparent, with real-time market information available from all major data vendors and at www.google.com/finance.

Read the full press release by CNSX Markets Inc.