TSX Venture Exchange

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(Redirected from Canadian Venture Exchange)

The TSX Venture Exchange is a stock exchange in Canada. It is headquartered in Calgary, Alberta and has offices in Toronto, Winnipeg, Vancouver, and Montreal. It was previously known as the Canadian Venture Exchange (CDNX), but in 2001 the TSX Group purchased it and renamed it.

The TSX Group also owns the Toronto Stock Exchange (TSX). The TSX deals mostly with well-established equities, while the TSX Venture Exchange is a public venture capital marketplace for emerging companies that have not yet met the requirements for listing on the TSX.

As of 31 December 2007, the TSX Venture Exchange had 2,176 listed companies with a combined market capitalization of $58 billion.^[1]

[edit] History

The Canadian Venture Exchange was created in Canada on November 29, 1999 as a result of an agreement between 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 Winnipeg, Toronto, and Montreal.

The Winnipeg Stock Exchange and the small-cap portion of the equities market of the Bourse de Montréal were also later merged into the CDNX.