2009 Business Summary
TORONTO – January 15, 2010 – CNSX Markets Inc. (CNSX Markets) today announced that 2009 was a banner year for the Canadian National Stock Exchange (CNSX).
It was a good year for CNSX listings, with 30 new listings. These included twelve TMX Group listed companies that switched to CNSX. Six new listed companies successfully conducted an IPO and 10 new listings were by existing reporting issuers in Canada. In addition, CNSX listed bonds and warrants.
In total, CNSX issuers raised more than $100 million in 2009 to finance growth in their businesses. The second half of the year proved the resilience of the market with a return to previous levels of trading. The last four months showed consistent increases in trading activity culminating in December with the highest monthly volume to date.
“Despite the economic recession, 2009 was our second best year ever for new listings, both on a gross and net basis, stated William Woods, Managing Director. “In addition, we had record monthly trading, of over 59 million shares, in December 2009. This shows how liquidity is steadily increasing on CNSX – Canada’s fastest growing stock exchange. CNSX now represents the smart choice and we anticipate many more new listings in 2010,” he added.
On November 25, 2009, CNSX Markets announced a renewed initiative to encourage existing Canadian listed companies to switch to CNSX. The initiative builds on the momentum established in 2009 and offers a financial incentive for companies to switch before the end of April.
Total Number of Issues Listed 126 (as at December 31)
Total Amount Raised $100,426,427
Total Market Capitalization $647 million (as at December 31)
Total Volume of Securities Traded 289,650,816
Total Number of Trades 19,870
Total Number of Dealers 87 (as at December 31)
About CNSX Markets:
CNSX Markets is a Canadian company that operates two distinct markets: The Canadian National Stock Exchange (CNSX); and Pure Trading, which provides a high-speed trading venue for stocks listed on other Canadian stock exchanges. CNSX competes for listings and trading by offering lower listing fees and innovative continuous disclosure features designed to minimize regulatory costs while improving the quality of information available to investors. With 127 securities listed, CNSX is a full service stock exchange for issuers of various types of securities from all business sectors.
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