Wednesday December 2 2015

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General




TMX Group has announced that TSX Venture Exchange (TSXV) will introduce significant changes to help support, revitalize and grow its marketplace, which is a critically important part of TMX`s equity markets continuum and the Canadian economy. The changes proposed by TSXV will better serve its clients and benefit the Canadian venture capital ecosystem more broadly, and are designed to accelerate growth in listing, financing and trading activity in sectors such as technology, clean technology and life sciences.

TSXV has consulted a broad cross-section of clients and stakeholders in the Canadian capital markets community with the goal to identify the key issues of impact and begin to build workable, full-spectrum solutions and developed a set of targeted improvements for the public venture market, which will be published in the coming weeks and addressed during a series of town hall meetings across Canada starting in January 2016.

The forthcoming whitepaper will outline tactics designed to:

  • Reduce the administrative burden to TSXV issuers without compromising investor confidence.
  • Expand the base of investors financing TSXV-listed companies and generally enhance liquidity.
  • Diversify and grow the stock list to increase the attractiveness of the marketplace to early-stage companies in Canada, in North America and around the world.

Click on the link above for further details