Canadian Venture Exchange (CDNX)

Canadian Venture Exchange (CDNX)

The Canadian Venture Exchange (CDNX) was formed in late 1999 through the merging of the junior exchanges in Canada, i.e. the Vancouver stock Exchange, the Alberta stock Exchange, and various "parts" of the other, more senior exchanges (the Toronto stock Exchange and the Montreal stock Exchange) as well as the CDN, Canadian Dealing Network (which really isn't a stock exchange but is more like the OTC-BB in the USA, i.e. a market for "unlisted" stocks). The vision for the CDNX was to be the exchange for venture (i.e. young, emerging) companies. The CDNX listed (in 3 different categories) smaller, emerging companies such as junior technology ventures. In early 2002, the Toronto stock Exchange (TSX) acquired the CDNX and renamed it the tsx-v, for tsx-venture Exchange, with its head office in Toronto. 

 

Vancouver Stock Exchange (VSE)

The Vancouver stock exchange (VSE) was one of Canada's junior company stock exchanges. On March 15, 1999, the VSE and the ASE (Alberta stock Exchange) agreed to merge and form the CDNX - the Canadian Venture Exchange - which will also take on some junior Toronto and Montreal Exchange companies. The VSE got a bad reputation in the 80's due to many unscrupulous scam artists manipulating VSE listed companies. New regulatory controls and surveillance systems which had been implemented on the VSE were transferred to the new CDNX. In 2002, the CDNX became the tsx-v.

TSX Venture Exchange 

 http://www.tmx.com/en/listings/venture_issuer_resources/finance_manual.html