Tag Archives: Richard Carleton

Preview: Canadian Securities Exchange at PDAC 2014

PDAC_Logo_webIn just a few days, the 2014 edition of the PDAC conference will take place. Hundreds of exhibitors and thousands of attendees from all over the world are expected to converge at the Toronto Convention Centre to learn about and discuss the latest trends, thoughts and technologies impacting the mining industry.

Among the dozens of topics that will be discussed in various panels and workshops, one of the burning issues on the minds of many attendees will be the current capital raising climate.

As many readers may already know, the CSE has been actively engaging in the conversation about finding ways to enable junior mining and exploration companies to successfully weather the current capital raising storm.

From the exhibition floor to the podium, the CSE will continue in its efforts to promote innovative and pragmatic solutions for junior mining and exploration companies as well as for the industry as a whole.

Here is a rundown of the events and activities the CSE will be participating in at PDAC 2014:

Mineral Outlook Luncheon, Monday March 3rd

Ned Goodman, Deputy Chairman of the CSE and President & CEO of Dundee Corporation will be the keynote speaker at the (now sold out) Mineral Outlook Luncheon on Monday March 3rd from 12PM-2PM

An Exchange with the Exchanges: The Role of Stock Exchanges in Facilitating Capital-Raising, Tuesday March 4th

CSE CEO Richard Carleton will be a member of a panel of guests representing stock exchanges in Canada, Australia and Peru as part of the session entitled “An Exchange with the Exchanges: The Role of Stock Exchanges in Facilitating Capital-Raising.” This panel will discuss the state of the mineral exploration industry and the role that stock exchanges can play in helping companies navigate the current capital environment. For more information on this session at 10:30AM please click here.

PDAC Investor Lunch & Networking Event, Tuesday March 4th

The CSE is co-sponsoring a lunch and networking event along with MNP LLP, and Chitiz Pathak LLP.  This event will feature presentations from CSE-listed companies as well as opportunities for PDAC attendees to network with one another.  Click the following link for more details on the PDAC Investor Lunch which is to be held on Tuesday March 4th from 11:30AM to 1PM.

Making the Switch to CSE, Tuesday March 4th

For those interested in learning more about how to make the transition to the CSE, be sure to register for and attend the Making the Switch session  on Tuesday, March 4th from 1:15PM-2PM.

In addition to events, the CSE will also be exhibiting at booths 2542 and 2544 where attendees can meet with members of our team as well as talk to representatives from several CSE listed companies.

MTCC_Toronto

PDAC 2014 runs from March 2nd to March 5th in Toronto at the Metro Toronto Convention Centre. For more information, including registration information and schedules, you can visit their website at http://www.pdac.ca/convention.

If you are attending, be sure to say hi to our team in person or via Twitter. We look forward to seeing you there!

Pictures from CSE’s Rebranding Mixer in Vancouver

CSE was thrilled to host it’s network of supporters from the professional community on February 18th at the Pan Pacific in Vancouver. This was the first leg in a series of events across Canada celebrating the new CSE branding and to extend a big THANK-YOU to everyone who has supported the exchange over the past decade.

A good time was had, including a rousing speech from CSE CEO Richard Carleton who presented a very exciting road map for the exchange over the coming months. Select pictures from the event are available in the gallery below:

CSE CEO speaks with Proactive Investors

Richard Carleton, CEO of CSE – Canadian Securities Exchange recently spoke with Proactive Investors and discussed the recent rebranding from CNSX to CSE, the advantages of listing on the exchange, and touched on the specific reasons why Ned Goodman and Tom Caldwell are active investors in the company.

A Chance to Do Better: Comments From Capital Ideas 2013

In October of 2013, the British Columbia Securities Commission (BCSC) held its annual Capital Ideas Conference with a particular focus on mining and venture capital markets.  A broad variety of topics were discussed such as raising capital, high frequency trading, retail investor participation.  The BCSC has put together a selection of videos of the panel discussion which is worthwhile to check out.

While it is intuitively simple, the impact of an entire economic sector losing altitude is jarring to the people and stakeholders within it.  In addition to the companies themselves, the broker dealers, financiers and even the exchanges have been impacted by the downturn in the sector.

This conference was an interesting forum for two key reasons. First, it allowed participants to confront the reality of adapting to new models of doing business. Second, and more importantly, it enabled stakeholders to think about the future of the marketplace and to challenge the existing ways of operating in the capital markets that don’t fit the current cycle for many junior mining and exploration companies.

A topic the CSE is particularly passionate about addressing is the current state of raising capital faced by many junior companies.  During a portion of the panel discussion that focused on the challenges facing public companies, CSE CEO Richard Carleton was invited to provide his thoughts on the subject.

According to Richard, despite the many challenges facing the industry, there are opportunities for positive change.

Some of the improvements to the marketplace he mentioned included:

  • Costs to be lowered for the dealers and companies that do business with exchanges
  • Promoting effective market making models
  • Levelling the playing field for access to market data

Check out the following video to hear Richards remarks on the possible opportunities to improve the marketplace for multiple participants.

CEO Richard Carleton talks to INN about Rebranding, Ned Goodman, and more

This past weekend at the Vancouver Resource Investment Conference CSE CEO Richard Carleton got to spend some time with Mike Rodger of Investing News Network. Their discussion was captured on video and covered a range of topics around CSE, including the exchange’s rebranding, the involvement of Ned Goodman, and some of the regulatory issues that are affecting junior markets in Canada.

Also referenced in the video is the INN Venture Status Survey Report – a project that Mike’s group embarked on to get more insights into the root causes of the current state of junior markets. We highly recommend you review the report which we have linked here: Venture Status Survey Report

Find the interview with Richard below:

“Simplified CSE offers faster and cheaper approach to listing in Canada”

Proactive Investors (http://www.proactiveinvestors.com/) was kind enough to interview CSE CEO Richard Carleton regarding the company’s transition from CNSX to CSE – Canadian Securities Exchange.

The article covers a wide array of topics including why the name was changed, the difference that this will make for customers, and some of the initiatives that are planned for the upcoming year and beyond.

Some quick points from the article:

  • CSE estimates that it accounted for 17% of the new issuers entering the Canadian public markets last year;
  • CSE has combined Pure and CNSX into a single technical platform in an effort to simplify the brand and introduce efficiencies for customers;
  • The exchange was recently backed by Dundee Corp. Chief Executive Ned Goodman and Tom Caldwell, Chairman of Caldwell Securities.

This is a great overview of where the CSE is at with respect to its leadership, product, and prospects moving forward – for the full article by Deborah Bacal please click the following link: http://www.proactiveinvestors.com/companies/news/51203/simplified-cse-offers-faster-and-cheaper-approach-to-listing-in-canada-51203.html

CNSX Markets Inc., has rebranded itself to Canadian Securities Exchange (CSE)

TORONTO – January 6, 2014 – CNSX Markets Inc. announced that, effective today, the exchange will carry on business under the name “Canadian Securities Exchange”, abbreviated for convenience to the “CSE”.  All of the CSE’s web services are now available at www.thecse.com

CNSX is now CSE

The choice of the name Canadian Securities Exchange reinforces three of the central characteristics of the organization:

“Canadian”: Headquartered in Toronto, with an office in Vancouver and with representation in Calgary and Montreal, the CSE serves the needs of entrepreneurs with efficient access to the Canadian public capital markets. The Canadian market is recognized internationally for its ability to facilitate the creation and financing of public companies – a significant source of employment and economic growth in the country.

“Securities”: The CSE provides listings and trading services for more than just common equities. Convertible debentures, debt instruments, provincial government bonds, structured products and income trusts are also currently listed on the exchange. As issuers and the corporate finance community develop investment products designed to appeal to various segments of the investor population, the CSE will look to enhance both primary and secondary market liquidity for these new instruments.

“Exchange”: Issuers on the CSE are subject to a number of requirements designed to promote investor protection: prospectuses or other disclosure documents reviewed and approved by a securities commission; continuous disclosure requirements for material information; monthly updates from each issuer available on the CSE’s web site; and periodic regulatory filings available to investors on www.sedar.com

The CSE also provides a single, continuous auction market service, where bids and offers are displayed, and incoming marketable orders are traded on a price, broker, and time algorithm. Trading services are transparent, with real-time market information available from all major data vendors and at www.google.com/finance

Richard Carleton, CEO, commented:

“we are looking to reduce complexity and cost in the delivery of exchange services wherever possible. Our recent trading system consolidation where all Canadian listed instruments are offered on a single trading system is a great example of this approach. We are also well known for our responsive and cost effective services for companies looking to raise capital from the public equity markets.

By presenting all of our services under a strong, unified, brand, we are reinforcing our position as the exchange for entrepreneurs in Canada.”

The Canadian Securities Exchange will be hosting a number of events across the country to introduce the new brand to the investment community in the coming weeks. Check for details of upcoming events at blog.thecse.com/category/events/

FOR FURTHER INFORMATION PLEASE CONTACT:
Richard Carleton
CEO, CNSX Markets Inc.
416-367-7360
richard.carleton@thecse.com

Welcome to the Canadian Securities Exchange!

Welcome to the new blog  for the Canadian Securities Exchange, The Exchange for Entrepreneurs.

Operated by CNSX Markets Inc., a recognized stock exchange, the Canadian Securities Exchange (or “the CSE” for short) encompasses the activities formerly carried on by the Canadian National Stock Exchange and Pure Trading.

we will continue to focus on lowering the cost of public capital for entrepreneurs in Canada.

As our team travels around North America talking to members of the investment and issuer communities, we hear two consistent areas of concern:  markets have become too fragmented and complex; and the costs of doing business as traders, corporate finance professionals, advisors and issuers in the public markets are becoming prohibitive.  As an exchange operator we are doing our part to address both concerns:

  • In the last few weeks we consolidated the two trading systems (CNSX and Pure Trading) we have operated over the last several years.  Eliminating one of the systems, and related order entry and market data gateways, reduced network and access costs for our dealer and vendor partners.  At the same time we have combined our market data services, meaning that end users receive data for CSE-listed stocks and other Canadian exchange listed stocks on a single service.  Costs for end users who took both of our services previously, have seen their market data costs drop as a result.
  • At the same time, we will continue to focus on lowering the cost of public capital for entrepreneurs in Canada.  Our listing model focuses on enhanced disclosure from the issuers to address regulatory risks and leaves it to the market to analyze and value business risks inherent in a security. The Canadian Securities Exchange is, as a result, able to offer companies a faster and lower cost avenue to public capital than available alternatives.

Already known in the industry for our customer focus and service, we have a number of exciting initiatives scheduled for the coming months designed to address the cost and complexity challenges faced by all of our customers:

  • New trade execution pricing designed to promote liquidity while addressing the cost challenges faced by agency brokers;
  • Creation of a market making programme for CSE-listed stocks to promote tighter spreads and deeper books.  As a component of the programme, a series of tools will be provided for market makers;
  • Delivery of next generation order routing and risk management tools designed to assist dealers in meeting their best ex and best price obligations, while preserving their ability to service direct access customers;
  • Addition of new resources to support our issuers in their efforts to be better heard in the investment community.
CSE CEO Richard Carleton
CSE CEO Richard Carleton

We look forward to meeting with many of you in the coming months as we schedule events across Canada to introduce our new brand and vision to the investment community.

– Richard Carleton, CEO