The TSX Venture Exchange is a

stock exchange A stock exchange, securities exchange, or bourse is an exchange where stockbrokers and traders can buy and sell securities, such as shares of stock, bonds and other financial instruments. Stock exchanges may also provide facilities for th ...

Canada Canada is a country in North America. Its ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, covering over , making it the world's second-largest country by tot ...

. It is headquartered in

Calgary Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...

Alberta Alberta ( ) is one of the thirteen provinces and territories of Canada. It is part of Western Canada and is one of the three prairie provinces. Alberta is bordered by British Columbia to the west, Saskatchewan to the east, the Northwest Ter ...

, with offices in

Toronto Toronto ( ; or ) is the capital city of the Canadian province of Ontario. With a recorded population of 2,794,356 in 2021, it is the most populous city in Canada and the fourth most populous city in North America. The city is the ancho ...

Vancouver Vancouver ( ) is a major city in western Canada, located in the Lower Mainland region of British Columbia. As the List of cities in British Columbia, most populous city in the province, the 2021 Canadian census recorded 662,248 people in the ...

, and

Montreal Montreal ( ; officially Montréal, ) is the List of the largest municipalities in Canada by population, second-most populous city in Canada and List of towns in Quebec, most populous city in the Provinces and territories of Canada, Canadian ...

. 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 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 facilit ...

) purchased it and renamed it. The

also owns the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) 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 t ...

(TSX). The

is the senior equity market, while the TSX Venture Exchange is a public

venture capital Venture capital (often abbreviated as VC) is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which ha ...

marketplace for emerging companies. As of November 2010, the TSX Venture Exchange had 2,364 listed companies with a combined

market capitalization Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

of $60,811,203,235.

History

The Canadian Venture Exchange was created in

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 The Vancouver Stock Exchange (VSE) was a stock exchange based in Vancouver, British Columbia. It was incorporated 1906. On November 29, 1999 the VSE was merged into the Canadian Venture Exchange (CDNX). History It was incorporated 1906 and was th ...

(VSE) and the

Alberta Stock Exchange The Alberta Stock Exchange (ASE) was a stock exchange based in Calgary, Alberta, established in 1913. It featured mostly mining, resource exploration, and oil sands stocks. The ASE was the original listing exchange for Bre-X, one of the bigge ...

(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

(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

British Columbia British Columbia (commonly abbreviated as BC) is the westernmost province of Canada, situated between the Pacific Ocean and the Rocky Mountains. It has a diverse geography, with rugged landscapes that include rocky coastlines, sandy beaches, ...

, with additional offices in

and

. The small-cap portion of the equities market of the

Bourse de Montréal The Montreal Exchange (MX; french: Bourse de Montréal), formerly the Montreal Stock Exchange (MSE), is a derivatives exchange, located in Montreal, Quebec, Canada that trades futures contracts and options on equities, indices, currencies, ETFs, ...

(MSE) was also merged into CDNX at this time. The Winnipeg Stock Exchange merged into the CDNX, and trading on WSE securities ceased Nov 24 2000, and eligibile listings were transferred to CDNX on Nov 27 2000.

References

External links

TSX Venture Exchange
Stock exchanges in Canada Economy of Alberta 1999 establishments in Alberta {{Canada-company-stub

History

See also

References

External links