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| Type | Stock exchange |
|---|---|
| Location | Calgary,Alberta andVancouver,British Columbia, Canada |
| Founded | November 29, 1999 |
| Website | www |
TheTSX Venture Exchange is astock exchange inCanada.[1] It is headquartered inCalgary,Alberta andVancouver,British Columbia, with offices inToronto andMontreal. All trading through the Exchange is done electronically, so the Exchange does not have a "trading floor". It was previously known as theCanadian Venture Exchange (CDNX), but in 2001 the TSX Group (now known as theTMX Group) purchased it and renamed it.
TheTMX Group also owns theToronto Stock Exchange (TSX).[2] The Toronto Stock Exchange is the senior equity market, while the TSX Venture Exchange is a publicventure capital marketplace for emerging companies.
As of November 2010, the TSX Venture Exchange had 2,364 listed companies with a combinedmarket capitalization of $60,811,203,235.[3]
The Canadian Venture Exchange was created inCanada 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.[4]
The CDNX was created by the merger of theVancouver Stock Exchange (VSE) and theAlberta 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 theToronto 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 inVancouver,British Columbia, with additional offices inToronto andMontreal. The small-cap portion of the equities market of theBourse de Montréal (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.[5]
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