Canadian Securities Exchange added to OTC Markets Group’s list of Qualified Foreign Exchanges
May 7, 2014
Canadian Securities Exchange Added to OTC Markets Group's list of "Qualified Foreign Exchanges"
CSE issuers now eligible to apply for trading on the OTCQX and OTCQB marketplaces
The Canadian Securities Exchange ("CSE”) today announced that the exchange has been included on the list of "Qualified Foreign Exchanges” by OTC Markets Group Inc. Starting immediately, interested CSE-listed companies are eligible to apply for trading on the OTCQX and OTCQB marketplaces operated by OTC Markets Group in the United States.
Richard Carleton, CEO of the CSE, commented: "We are extremely pleased with this move by our colleagues at OTC Markets Group. Eligible CSE-listed companies are now able to leverage their Canadian stock exchange listing with us to gain access to the largest public capital market in the world, expanding reach and liquidity opportunities. We look forward to working with our issuers and OTC Markets Group to increase investor access and visibility for our listed companies in the United States.”
James Black, VP of Listings Development at the CSE, added: "This additional benefit for CSE-listed companies comes on the heels of a record setting first quarter for the exchange – eclipsing previous bests for trading and listings on our listed marketplace. The addition of the CSE to the OTC Markets Group list addresses a longstanding desire for our issuers and further solidifies our value proposition for companies seeking a primary exchange listing in Canada.”
Jason Paltrowitz, Managing Director and Global Head of Business Development at OTC Markets Group Inc., also had the following remarks: "We are pleased to add CSE to our list of Qualified Foreign Exchanges. Our OTCQX and OTCQB marketplaces offer the best informed and most efficient trading for established and venture-stage international companies that are looking to increase their visibility with U.S. investors. We look forward to working with the CSE and CSE-listed companies to highlight these exciting Canadian investment opportunities in the U.S. market."
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About the Canadian Securities Exchange:
The Canadian Securities Exchange is the only exchange in Canada providing trading and market information services for all domestically listed instruments. Recognized as an exchange by the Ontario Securities Commission in 2004, the CSE is designed to facilitate the capital formation process for public companies through a streamlined approach to company regulation that emphasizes disclosure and the provision of efficient secondary market trading services for investors. The exchange is home to more than 200 issues covering a broad range of industry sectors.