Canadian Securities Exchange (CSE), formerly the Canadian National Stock Exchange (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 CSE 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.