TSX Venture Exchange - Explained
What is a TSX Venture Exchange?
Written by J. Mance Gordon
Updated at April 22nd, 2024
- Marketing, Advertising, Sales & PR
- Accounting, Taxation, and Reporting
- Professionalism & Career Development
-
Law, Transactions, & Risk Management
Government, Legal System, Administrative Law, & Constitutional Law Legal Disputes - Civil & Criminal Law Agency Law HR, Employment, Labor, & Discrimination Business Entities, Corporate Governance & Ownership Business Transactions, Antitrust, & Securities Law Real Estate, Personal, & Intellectual Property Commercial Law: Contract, Payments, Security Interests, & Bankruptcy Consumer Protection Insurance & Risk Management Immigration Law Environmental Protection Law Inheritance, Estates, and Trusts
- Business Management & Operations
- Economics, Finance, & Analytics
- Courses
What is a TSX Venture Exchange?
TSX Venture Exchange is stock exchange (a market in which securities are bought and sold) based in Canada where all stock tradings are performed electronically.
How Does the TSX Venture Exchange Work?
It operates in Canada, Calgary and Alberta. The headquarters of TSX is pitched at Calgary and Alberta but is has other offices in places like Montreal, Vancouver and Toronto. Before this venture exchange assumed the name TSX Venture Exchange, it was formerly called the Canadian Venture Exchange (CDNX). CGNX was renamed TSX due to a merger between Vancouver and Alberta stock exchanges. A Little More on What is TSX Venture Exchange TSX Venture Exchange has over 1,600 companies on its list with 400 on the venture composite index. TSX uses several criteria in selecting its index. Primarily mining and traditional energy companies make up the composite index. Despite that TSX Venture Exchanges goal is enable venture companies have access to investment capitals, the protection of investors is also crucial to it. TSX Venture Exchange operates effectively by grouping its listed companies. Its most popular stocks which include mining and oil/gas companies, companies from clean energy, diversified industries and life science industries are grouped into the TSX Venture 50 index U.S investors invest in TSX Venture Exchange listed companies using two channels such as using brokerage accounts. Due to an agreement among some countries to realign the Canadian market in order to narrow down its operation, the Canadian Venture Exchange (CDNX) was birthed. The origin of TSX Venture Exchange can be traced back to November 29, 199 when the Canadian Venture Exchange started. CDNX had its focus on small companies that have assets that are insufficient to be listed on Toronto Stock Exchange. TSX which was formerly called CDNX evolved as a result of the merger between the Vancouver and Alberta stock exchanges. TSX has its corporate headquarters in Calgary and Alberta, and its other operations and offices in Vancouver, Columbia, Montreal and Toronto.