CNQ
Encyclopedia
CNSX is an alternative stock exchange
in Canada
. It is the first full stock market to be approved by the Ontario Securities Commission
in the past 70 years. The CNSX offers simplified reporting requirements and reduced barriers to listing. It is an alternative for micro cap and emerging companies. It had been known as CNQ until the organization re-branded itself in November, 2008. It is fully automated, rather than using the traditional "open outcry
" physical trading floor system.
The CNSX is located in Toronto, Canada and maintains a branch office in Vancouver
.
In September 2007 CNSX started operating a service called Pure Trading, an electronic communication network
where most of the stocks listed on the Toronto Stock Exchange
can be traded.
stated that it had made an unspecified but "strategic" investment in CNSX.
Stock exchange
A stock exchange is an entity that provides services for stock brokers and traders to trade stocks, bonds, and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments, and capital events including the payment of income and...
in Canada
Canada
Canada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
. It is the first full stock market to be approved by the Ontario Securities Commission
Ontario Securities Commission
The Ontario Securities Commission is a regulatory agency which administers and enforces securities legislation in the Canadian province of Ontario...
in the past 70 years. The CNSX offers simplified reporting requirements and reduced barriers to listing. It is an alternative for micro cap and emerging companies. It had been known as CNQ until the organization re-branded itself in November, 2008. It is fully automated, rather than using the traditional "open outcry
Open outcry
Open outcry is the name of a method of communication between professionals on a stock exchange or futures exchange. It involves shouting and the use of hand signals to transfer information primarily about buy and sell orders...
" physical trading floor system.
The CNSX is located in Toronto, Canada and maintains a branch office in Vancouver
Vancouver
Vancouver is a coastal seaport city on the mainland of British Columbia, Canada. It is the hub of Greater Vancouver, which, with over 2.3 million residents, is the third most populous metropolitan area in the country,...
.
In September 2007 CNSX started operating a service called Pure Trading, an electronic communication network
Electronic communication network
An electronic communication network is the term used in financial circles for a type of computer system that facilitates trading of financial products outside of stock exchanges. The primary products that are traded on ECNs are stocks and currencies. The first ECN, Instinet, was created in 1969...
where most of the stocks listed on the Toronto Stock Exchange
Toronto Stock Exchange
Toronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
can be traded.
Hours
The exchange's normal trading sessions are from 09:30am to 04:00pm EST on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.Ownership
In 2009, DundeeWealthDundeeWealth
DundeeWealth Inc. is a Canadian financial services company, formerly a public company and subsidiary of Dundee Corporation. Dundee Place is a 30-storey building at 1 Adelaide Street East, in the downtown Toronto financial district, and is home to DundeeWealth's head office.-Subsidiaries:*...
stated that it had made an unspecified but "strategic" investment in CNSX.
See also
- Montreal ExchangeMontreal ExchangeThe Montreal Exchange or MX is a derivatives exchange, located in Montreal, that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in the Tour de la Bourse , Montreal's third-tallest building...
- Nasdaq CanadaNasdaq CanadaNasdaq Canada is a wholly owned subsidiary of The Nasdaq Stock Market Inc. and was created to extend Nasdaq's North American trading platformwithin Canada. Nasdaq Canada exists to enhance and ensure Canadian investors' immediate trading access of all Nasdaq securities and issuers with the...
- Toronto Stock ExchangeToronto Stock ExchangeToronto Stock Exchange is the largest stock exchange in Canada, the third largest in North America and the seventh largest in the world by market capitalisation. Based in Canada's largest city, Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities...
- TSX Venture ExchangeTSX Venture ExchangeThe TSX Venture Exchange is a stock exchange in Canada. It is headquartered in Calgary, Alberta and has offices in Toronto, Vancouver, and Montreal. All trading through the Exchange is done electronically, so the Exchange does not have a "trading floor"...
- Winnipeg Commodity ExchangeWinnipeg Commodity ExchangeThe Winnipeg Commodity Exchange is the former name of a derivatives market based in Winnipeg, Manitoba, Canada now known as ICE Futures Canada. Futures and options contracts are electronically traded in western barley and canola ....
- List of stock exchanges
- List of American stock exchanges