Canada’s smallest stock exchange is about to undergo a makeover as it moves to challenge the TSX and other emerging rivals.
In the very near future, the Canadian National Stock Exchange (CNSX) will change its name to become the Canadian Securities Exchange (CSE).
“This is a result of us wanting to be able to consolidate our trading systems and create a single brand in the market place,’’ said CNSX President Richard Carlton in an interview with Stockhouse.
Carlton said the aim is to send a strong message that CNSX is a listed exchange with a focus that goes to the heart of what it means to be an entrepreneurial company in Canada.
Exchange officials also want to end any confusion resulting from the fact that CNSX is the operator of both the Canadian National Stock Exchange and Pure Trading platform.
News of the makeover comes just weeks after Dundee Corp.
, Stock Forum
), a company headed by Canadian resource investor Ned Goodman, said it was joining Urbana Corp.
, Stock Forum
) in taking roughly a one third interest in the CNSX.
Goodman is also joining the CNSX as deputy chairman.
A recognized stock exchange since 2004, CNSX currently boast 180 equity issuers, 50% of which are in junior mining exploration, with another 20% in information technology, clean tech and life sciences.
It also lists eTFs, and government debt.
Pure Trading is a platform for trading TSX and TSX Venture stocks.