CNSX changes its name to Canadian Securities Exchange
TORONTO – January 6, 2014 – CNSX Markets Inc. announced that, effective today, the exchange will carry on business under the name “Canadian Securities Exchange”, abbreviated for convenience to the “CSE”. All of the CSE’s web services are now available at www.thecse.com.
The choice of the name Canadian Securities Exchange reinforces three of the central characteristics of the organization:
“Canadian”: Headquartered in Toronto, with an office in Vancouver and with representation in Calgary and Montreal, the CSE serves the needs of entrepreneurs with efficient access to the Canadian public capital markets. The Canadian market is recognized internationally for its ability to facilitate the creation and financing of public companies – a significant source of employment and economic growth in the country.
“Securities”: The CSE provides listings and trading services for more than just common equities. Convertible debentures, debt instruments, provincial government bonds, structured products and income trusts are also currently listed on the exchange. As issuers and the corporate finance community develop investment products designed to appeal to various segments of the investor population, the CSE will look to enhance both primary and secondary market liquidity for these new instruments.
“Exchange”: Issuers on the CSE are subject to a number of requirements designed to promote investor protection: prospectuses or other disclosure documents reviewed and approved by a securities commission; continuous disclosure requirements for material information; monthly updates from each issuer available on the CSE’s web site; and periodic regulatory filings available to investors on www.sedar.com. The CSE also provides a single, continuous auction market service, where bids and offers are displayed, and incoming marketable orders are traded on a price, broker, and time algorithm. Trading services are transparent, with real-time market information available from all major data vendors and at www.google.com/finance.
Richard Carleton, CEO, commented: “we are looking to reduce complexity and cost in the delivery of exchange services wherever possible. Our recent trading system consolidation where all Canadian listed instruments are offered on a single trading system is a great example of this approach. We are also well known for our responsive and cost effective services for companies looking to raise capital from the public equity markets. By presenting all of our services under a strong, unified, brand, we are reinforcing our position as the exchange for entrepreneurs in Canada.”
The Canadian Securities Exchange will be hosting a number of events across the country to introduce the new brand to the investment community in the coming weeks. Check for details of upcoming events at www.thecse.com.
FOR FURTHER INFORMATION PLEASE CONTACT:
CEO, CNSX Markets Inc.