TSX Venture Exchange
Encyclopedia
The 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". 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.
The TMX Group also owns the Toronto Stock Exchange
(TSX). 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.
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.
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.
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 headquartered in Calgary
Calgary
Calgary is a city in the Province of Alberta, Canada. It is located in the south of the province, in an area of foothills and prairie, approximately east of the front ranges of the Canadian Rockies...
, Alberta
Alberta
Alberta is a province of Canada. It had an estimated population of 3.7 million in 2010 making it the most populous of Canada's three prairie provinces...
and has offices in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
, 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,...
, and Montreal
Montreal
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...
. 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.
The TMX Group also owns 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...
(TSX). 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...
is the senior equity market, while the TSX Venture Exchange is a public venture capital
Venture capital
Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...
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.
History
The Canadian Venture Exchange was created in CanadaCanada
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 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.
The CDNX was created by the merger of the Vancouver Stock Exchange
Vancouver Stock Exchange
The Vancouver Stock Exchange was a stock exchange based in Vancouver, British Columbia. It was incorporated 1906 and was the third major stock exchange in Canada, after the Toronto Stock Exchange and Montreal Stock Exchange , and featured many small-cap and exploration stocks.In 1991, it listed...
(VSE) and the Alberta Stock Exchange
Alberta Stock Exchange
The Alberta Stock Exchange was a stock exchange based in Calgary, Alberta. It featured mostly mining, resource exploration, and oil sands stocks....
(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
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...
(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
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,...
, British Columbia
British Columbia
British Columbia is the westernmost of Canada's provinces and is known for its natural beauty, as reflected in its Latin motto, Splendor sine occasu . Its name was chosen by Queen Victoria in 1858...
, with additional offices in Toronto
Toronto
Toronto is the provincial capital of Ontario and the largest city in Canada. It is located in Southern Ontario on the northwestern shore of Lake Ontario. A relatively modern city, Toronto's history dates back to the late-18th century, when its land was first purchased by the British monarchy from...
and Montreal
Montreal
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...
.
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.
See also
- List of companies listed on the TSX Venture Exchange
- TSX Venture 50TSX Venture 50The TSX Venture 50 is a yearly ranking done by the TMX Group of 50 upcoming companies on the TSX Venture Exchange.The 2011 list was chosen by assigning equal weighting assigned to share price appreciation, trading volume, market capitalization growth and analyst coverage.-Component stocks:Released...
- List of stock exchanges
- List of stock exchanges in the Americas
- Montreal Curb Market/Canadian Stock ExchangeMontreal Curb Market/Canadian Stock ExchangeThe Montreal Curb Market was a stock exchange created in 1926 in Montreal, Canada for trading in stocks that were considered to be too speculative or junior to be traded on the Bourse de Montréal...
, the early predecessor small-cap market of Canada