Nasdaq Canada
Encyclopedia
Nasdaq Canada is a wholly owned subsidiary of The Nasdaq
Stock Market Inc. and was created to extend Nasdaq's North American trading platform
within Canada. Nasdaq Canada exists to enhance and ensure Canadian investors' immediate trading access (including real time availability of all relevant data) of all Nasdaq securities and issuers with the ability to raise capital more efficiently. Nasdaq Canada is regulated jointly by the NASDR and the Québec Securities Commission (CVMQ).
, Quebec
, Canada
, on 21 November 2000. In the first phase of the development of Nasdaq Canada, trading operations were initially started with Nasdaq workstations and terminals installed at 10 participating Canadian securities firms in Montreal. The 10 initial Canadian brokerages participating in Nasdaq Canada are:
BMO Nesbitt Burns
,
Canaccord Capital,
Capital Casgrain & Company,
CIBC WorldMarkets Corp.
,
Mouvement Desjardins
,
NBC International, Inc. (USA),
Pictet Overseas,
Scotia Capital Markets,
TD Securities
,
Yorkton Capital (USA)
This enabled these firms to trade the 5,000 Nasdaq-listed companies directly through their local broker, including the 42 Canadian companies previously listed solely on Nasdaq U.S On December 2000, there were 146 Canadian companies were listed on NASDAQ.
Helen Kearns was the first President of Nasdaq Canada.
On July 2004, Nasdaq announced the closing of Nasdaq Canada's only office in Montreal. http://www.watersonline.com/public/showPage.html?page=165571 Nasdaq Canada's operations are now run out of New York City
.
NASDAQ
The NASDAQ Stock Market, also known as the NASDAQ, is an American stock exchange. "NASDAQ" originally stood for "National Association of Securities Dealers Automated Quotations". It is the second-largest stock exchange by market capitalization in the world, after the New York Stock Exchange. As of...
Stock Market Inc. and was created to extend Nasdaq's North American trading platform
within Canada. Nasdaq Canada exists to enhance and ensure Canadian investors' immediate trading access (including real time availability of all relevant data) of all Nasdaq securities and issuers with the ability to raise capital more efficiently. Nasdaq Canada is regulated jointly by the NASDR and the Québec Securities Commission (CVMQ).
History
Nasdaq Canada commenced functioning with the inaugural opening of its office from MontrealMontreal
Montreal is a city in Canada. It is the largest city in the province of Quebec, the second-largest city in Canada and the seventh largest in North America...
, Quebec
Quebec
Quebec or is a province in east-central Canada. It is the only Canadian province with a predominantly French-speaking population and the only one whose sole official language is French at the provincial level....
, 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...
, on 21 November 2000. In the first phase of the development of Nasdaq Canada, trading operations were initially started with Nasdaq workstations and terminals installed at 10 participating Canadian securities firms in Montreal. The 10 initial Canadian brokerages participating in Nasdaq Canada are:
BMO Nesbitt Burns
BMO Nesbitt Burns
BMO Nesbitt Burns is a Canadian investment firm. Since its formation in 1912, BMO Nesbitt Burns and its predecessor companies have offered aid to investors in meeting their financial goals. In August 1987 the Bank of Montreal took advantage of new banking regulations to acquire Nesbitt Thomson,...
,
Canaccord Capital,
Capital Casgrain & Company,
CIBC WorldMarkets Corp.
Canadian Imperial Bank of Commerce
The Canadian Imperial Bank of Commerce is one of Canada's chartered banks, fifth largest by deposits. The bank is headquartered at Commerce Court in Toronto, Ontario. CIBC's Institution Number is 010, and its SWIFT code is CIBCCATT....
,
Mouvement Desjardins
Mouvement Desjardins
The Desjardins Group is the largest association of credit unions in North America. It was founded in 1900 in Lévis, Quebec by Alphonse Desjardins....
,
NBC International, Inc. (USA),
Pictet Overseas,
Scotia Capital Markets,
TD Securities
Toronto-Dominion Bank
The Toronto-Dominion Bank , is the second-largest bank in Canada by market capitalization and based on assets. It is also the sixth largest bank in North America. Commonly known as TD and operating as TD Bank Group, the bank was created in 1955 through the merger of the Bank of Toronto and the...
,
Yorkton Capital (USA)
This enabled these firms to trade the 5,000 Nasdaq-listed companies directly through their local broker, including the 42 Canadian companies previously listed solely on Nasdaq U.S On December 2000, there were 146 Canadian companies were listed on NASDAQ.
Helen Kearns was the first President of Nasdaq Canada.
On July 2004, Nasdaq announced the closing of Nasdaq Canada's only office in Montreal. http://www.watersonline.com/public/showPage.html?page=165571 Nasdaq Canada's operations are now run out of New York City
New York City
New York is the most populous city in the United States and the center of the New York Metropolitan Area, one of the most populous metropolitan areas in the world. New York exerts a significant impact upon global commerce, finance, media, art, fashion, research, technology, education, and...
.