Canadian Securities Exchange

Last updated
Canadian Securities Exchange
Canadian Securities Exchange Logo.svg
Type Stock Exchange
LocationToronto, Ontario, Canada
Founded2001
OwnerCNSX Markets Inc.
Key peopleRichard Carleton (CEO) [1]
Currency CAD
No. of listings778 (April, 2022) [2]
Market cap $35.46 billion (April, 2022) [3]
Volume7.4 billion shares YTD (April, 2022) [3]
Website www.thecse.com

Canadian Securities Exchange (CSE; French : La Bourse des valeurs canadiennes), operated by CNSX Inc., is a stock exchange domiciled in Canada. When recognized by the Ontario Securities Commission in 2004, CSE was the first new exchange approved in Ontario in 70 years. [4] [5] The CSE is a rapidly growing stock exchange focused on working with entrepreneurs to access the public capital markets in Canada and internationally. The Exchange's efficient operating model, advanced technology and low fee structure help companies of all sizes minimize their cost of capital and maximize access to liquidity.

Contents

The CSE offers investors access to a broad selection of growth companies through a liquid, reliable and regulated trading platform. The Exchange is dedicated to entrepreneurship at all levels and has established itself as a leading hub for discourse in the entrepreneurial community.

Designed to meet the needs of emerging public companies and their investors, CSE has experienced rapid growth over the last five years and lists over 700 securities.

In February 2015, the CSE Composite Index was launched as a broad indicator of market activity for the CSE. [6] The CSE Composite Index is a market capitalization weighted benchmark reflecting the performance of CSE listed securities meeting index eligibility requirements. The Composite Index is uniquely positioned to gauge the Canadian small cap market. [7] Reuters and Bloomberg publish CSE composite index under the ticker CSECOMP. The Index provides a distinctly different risk/return profile compared to the TSX/S&P Composite. The CSE25 Index is a subset of the CSE Composite Index containing the securities of the twenty-five largest Index companies by market capitalization.

The CSE is located in Toronto, Ontario, and maintains a branch office in Vancouver, British Columbia.

Hours

The exchange's normal trading sessions are from 9:30 a.m. to 4:00 p.m. ET on all days of the week except Saturdays, Sundays, and holidays declared by the Exchange in advance. [8]

Ownership

As at March 31, 2021, Urbana Corporation reported that it holds 49.25% of CNSX Inc. common shares. [9] The remaining shares are widely held and include various funds as well as former and current CSE employees.

See also

Related Research Articles

<span class="mw-page-title-main">Nasdaq</span> American stock exchange

The Nasdaq Stock Market is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc., which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources.

<span class="mw-page-title-main">S&P 500</span> American stock market index

The Standard and Poor's 500, or simply the S&P 500, is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and includes approximately 80% of the total market capitalization of U.S. public companies, with an aggregate market cap of more than $43 trillion as of January 2024.

<span class="mw-page-title-main">Toronto Stock Exchange</span> Stock exchange in Canada

The Toronto Stock Exchange is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities.

<span class="mw-page-title-main">TMX Group</span> Canadian financial services company

TMX Group Limited is a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets exchanges. The company provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community.

<span class="mw-page-title-main">KOSPI</span> Korean stock market index

The Korea Composite Stock Price Index or KOSPI (Korean: 한국종합주가지수) is the index of all common stocks traded on the Stock Market Division—previously, Korea Stock Exchange—of the Korea Exchange. It is the representative stock market index of South Korea, analogous to the S&P 500 in the United States.

<span class="mw-page-title-main">Shanghai Stock Exchange</span> Stock exchange in Shanghai, China

The Shanghai Stock Exchange is a stock exchange based in the city of Shanghai, China. It is one of the three stock exchanges operating independently in mainland China, the others being the Beijing Stock Exchange and the Shenzhen Stock Exchange. The Shanghai Stock Exchange is the world's third largest stock market by market capitalization. It is also Asia's biggest stock exchange. Unlike the Hong Kong Stock Exchange, the Shanghai Stock Exchange is still not entirely open to foreign investors and often affected by the decisions of the central government, due to capital account controls exercised by the Chinese mainland authorities.

<span class="mw-page-title-main">Bucharest Stock Exchange</span> Stock exchange in Romania

The Bucharest Stock Exchange is the stock exchange of Romania located in Bucharest. In 2023, the BVB's market capitalization increased by 52.7% to $64.9 billion. As of 2023, there were 85 companies listed on the BVB.

<span class="mw-page-title-main">Philippine Stock Exchange</span> National stock exchange of the Philippines

The Philippine Stock Exchange, Inc. is the national stock exchange of the Philippines. The exchange was created in 1992 from the merger of the Manila Stock Exchange and the Makati Stock Exchange. Including previous forms, the exchange has been in operation since 1927. The PSE's headquarters is located at the Philippine Stock Exchange Tower, located along the One Bonifacio High Street complex in Bonifacio Global City.

<span class="mw-page-title-main">S&P/TSX Composite Index</span> Canadian stock market index

The S&P/TSX Composite Index is the benchmark Canadian stock market index representing roughly 70% of the total market capitalization on the Toronto Stock Exchange (TSX). Having replaced the TSE 300 Composite Index on May 1, 2002, as of September 20, 2021 the S&P/TSX Composite Index comprises 237 of the 3,451 companies listed on the TSX. The index reached an all-time closing high of 22,185.25 on April 1, 2024, and an intraday record high of 22,220.91 on March 28, 2024.

<span class="mw-page-title-main">TSX Venture Exchange</span> Canadian stock exchange

The TSX Venture Exchange is a stock exchange in Canada. It is headquartered in Calgary, Alberta, with 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 purchased it and renamed it.

<span class="mw-page-title-main">Colombo Stock Exchange</span> Main stock exchange of Sri Lanka, located in Colombo

The Colombo Stock Exchange (CSE) is the main stock exchange in Sri Lanka that utilizes an electronic trading platform. The CSE headquarters have been located at the World Trade Center (Colombo) Towers in Colombo since 1995, and it has regional branches in Kandy, Jaffna, Negombo, Matara, Kurunegala, Anuradhapura and Ratnapura. The CSE trades 296 companies representing 20 business sectors, as of 25 January 2021, with a combined market capitalization of 3,699 billion Sri Lankan rupees.

The S&P/TSX 60 Index is a stock market index of 60 large companies listed on the Toronto Stock Exchange. Launched on December 30, 1998 by the Canadian S&P Index Committee, a unit of S&P Dow Jones Indices, the index has components across nine sectors of the Canadian economy. The index forms the S&P/TSX Composite Index alongside the S&P/TSX Completion Index, as well as being the Canadian component of the S&P Global 1200.

<span class="mw-page-title-main">Casablanca Stock Exchange</span> Stock exchange in Casablanca, Morocco

The Casablanca Stock Exchange is a stock exchange in Casablanca, Morocco. The Casablanca Stock Exchange (CSE), which achieves one of the best performances in the region of the Middle East and North Africa (MENA), is Africa's third largest stock market after Johannesburg Stock Exchange and Nigerian Stock Exchange in Lagos. It was established in 1929 and currently has 19 members and 81 listed securities with a total market capitalisation of $71.1 billion in 2018.

<span class="mw-page-title-main">Ghana Stock Exchange</span> Stock exchange in Ghana

The Ghana Stock Exchange (GSE) is the principal stock exchange of Ghana. The exchange was incorporated in July 1989 with trading commencing in 1990. It currently lists 42 equities and 2 corporate bonds. All types of securities can be listed. Criteria for listing include capital adequacy, profitability, spread of shares, years of existence and management efficiency. The GSE is located within the Cedi House in Accra.

<span class="mw-page-title-main">Indonesia Stock Exchange</span> Stock exchange

Indonesia Stock Exchange (IDX) is a stock exchange based in Jakarta, Indonesia. It was previously known as the Jakarta Stock Exchange (JSX) before its name changed in 2007 after merging with the Surabaya Stock Exchange (SSX). In recent years, the Indonesian Stock Exchange has seen the fastest membership growth in Asia. As of October 2024, the Indonesia Stock Exchange had 938 listed companies, and total number of investors has already grown to 14.2 million. Indonesia Market Capitalization accounted for 45.2% of its nominal GDP in December 2020. Founded on 30 November 2007, it is ASEAN's largest market capitalization at US$881 billion as of 19 September 2024.

The S&P/TSX Venture Composite Index is a stock market index intended as a broad market indicator for the TSX Venture Exchange, which lists Canadian companies that do not meet the criteria to be listed on the Toronto Stock Exchange. The index includes about 500 companies, weighted by market capitalization. It is revised quarterly to remove companies which have a weight of less than 0.05% of the index, and to include companies which, if included, would have a weight of more than 0.05%. The index is managed by Standard & Poor's, which also manages other stock market indices in Canada and other countries.

<span class="mw-page-title-main">Jamaica Stock Exchange</span> Jamaican stock market index

The Jamaica Stock Exchange is the principal stock exchange of Jamaica, also known as JSE. Incorporated in 1968, JSE opened in 1969 in Kingston, Jamaica. Today, the JSE is one of the largest stock exchanges in the Caribbean by size and market capitalization. As of 30 September 2019, there is a total number of 85 companies and 120 securities listed to the JSE, and a market capitalization of just over JM$2 trillion. The Jamaica Stock Exchange is composed of multiple markets: Main Market, Junior Market, USD Market, and Bond Market. The JSE is also recognized as one of the most sector-diverse exchanges in the Caribbean. The key sectors include banking and finance, retail, manufacturing, insurance, leisure, communications, conglomerate, and services and real estate. The current chairman is Ian McNaughton and the deputy chairman is Gary Peart. The managing director is Marlene Street Forrest.

<span class="mw-page-title-main">Battle North Gold</span> Canadian gold-mining company (1996–2021)

Battle North Gold was a Canadian company that was pursuing the development of the Bateman gold project near Red Lake, Ontario. Headquartered in Toronto, the company was listed on the Toronto Stock Exchange in Canada and the New York Stock Exchange and then the OTCQX market exchange in the US. The company's board of directors had approved the construction of the mine in 2014 and raised $700 million but little gold was recovered. Consequently, the company sought creditor protection and re-structured. By 2018 the company had a market capitalization of $80 million as it pursued new resource estimates. The company was acquired by Australian Securities Exchange-listed company Evolution Mining in 2021.

<span class="mw-page-title-main">Cboe Canada</span> Canadian Stock Exchange

Cboe Canada is a stock exchange based in Toronto. Part of the Cboe Global Markets network, the exchange has over 260 listings for public companies, exchange-traded funds (ETFs), Canadian Depositary Receipts (CDRs), Special Purpose Acquisition Companies (SPACs), and closed-end funds. Cboe Canada handles 15% of the volume traded across Canadian marketplaces, including 20% of Canadian ETF transactions.

References

  1. "About CSE". 2020-02-11.
  2. "CSE Listings". 2022-04-30.
  3. 1 2 "Canadian Securities Exchange Reports March 2022 Performance Figures". Canadian Securities Exchange.
  4. "CNSX, Stock Market, Benefits, Advantages". GoPublicInCanada.com. 2013-09-27. Archived from the original on 2013-10-04. Retrieved 2013-11-28.
  5. "Canadian Trading and Quotation System Recognition as a Stock Exchange - Notice of Commission Approval". Ontario Securities Commission. 2004-05-07. Retrieved 2020-02-11.
  6. "CSE launches composite index", Investment Executive . February 27, 2015. (Retrieved 2020-02-11.)
  7. "CSE Indices | CSE - Canadian Securities Exchange". thecse.com. Retrieved 2020-03-08.
  8. "Hours & Holidays | CSE - Canadian Securities Exchange". www.thecse.com. Retrieved 2021-11-02.
  9. "Financial Disclosures".