Monday December 21 2015

News Source: Global Exchanges

Focus: General - Global Exchanges

Type: General




Earlier in December, TMX Group announced that TSX Venture Exchange (TSXV) is introducing changes to help support, revitalize and grow its marketplace. On 17th December a whitepaper titled Revitalizing TSX Venture Exchange: Canada`s Public Venture Market was published outlining TSXV`s tactics designed to address the current environment and secure a strong future as the leading public market for early-stage companies not only in natural resources sectors, but also in fast-growing sectors such as technology, clean technology, renewable energy, and life sciences.

TSXV is a critical part of TMX`s equity markets continuum, an important driver of the Canadian economy, and a key element in Canada`s innovation and venture capital ecosystem. The initiatives outlined in this paper will provide both near- and long-term benefits to the marketplace, and are directly aimed at improving the client experience on TSXV.

As a first step in its new evolutionary phase, TSXV is committed to making a positive, tangible impact in three important areas to:

  • Meaningfully reduce our clients` administrative and compliance costs without compromising investor confidence.
  • Expand the base of investors financing companies and generally enhance liquidity.
  • Diversify and grow the stock list to increase the attractiveness of the marketplace.

Click on the link above for further details.