Canadian National Stock Exchange
Canadian National Stock Exchange (CNSX) CNSX is a stock exchange alternative to traditional stock exchanges where high costs and large capitalization requirements are often barriers to trading in a junior company's securities. Responding to the consolidation of stock exchanges in Canada, CNSX's founders identified the need for a low cost, streamlined stock exchange – with an extremely high standard of disclosure. CNSX's unique market model matches enhanced disclosure and streamlined issuer regulation with leading edge technology to meet the needs and characteristics of emerging companies, their investors and investment dealers. This model, combined with comprehensive regulatory oversight, provides an efficient new marketplace that fosters integrity, transparency and liquidity for trading equity securities.
BENEFITS OF CNSX:
A stock exchange that features a cost effective alternative marketplace for issuers
A visible market for qualifying OTC companies
A market model that attracts dealer participation
INTEGRITY
CNSX is recognized by the Ontario Securities Commission (OSC) as a stock exchange and is subject to OSC regulatory requirements
Investment Industry Regulatory Organization of Canada ("IIROC") will provide market surveillance and regulatory oversight
Issuers must remain in good standing with their securities regulator and comply with CNSX's Policies
Dealers must be IIROC members and adhere to Universal Market Integrity Rules and CNSX's trading and sales practice rules
TRANSPARENCY
CNSX Trading system displays an open book with client and dealer orders exposed
Quotes, market data and current trading information are available at CNSX.CA
TSX Datalinx distributes real-time CNSX stock exchange market data
Enhanced disclosure by CNSX Issuers is available to investors on CNSX.CA
LIQUIDITY
A fully automated marketplace that provides immediate execution of trades
Central Limit Order Book - focuses available liquidity, provides price discovery
Competitive market making model that provides additional liquidity
VISIBILITY on CNSX.CA
Provides a centralized resource for dynamic information about CNSX issuers/dealers, CNSX market data and CNSX.
Issuer Disclosure Hall provides widespread visibility for issuers and easy access to information for investors
CNSX issuers can quickly, securely and cost-effectively provide investors with all required disclosure documentation about their company and securities in the Disclosure Hall, which offers enhanced visibility through a single source
Issuer quotes and current and historical trading activity is widely accessible
Market depth (market displayed by order, market displayed by price), largest increases/decreases, top ten issues, market summaries of daily, monthly, and annual CNSX trading activity and CNSX notices CNSX TRADING SYSTEM