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.
http://youtu.be/twRSIpp1e8s
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:
Check out the following video to hear Richards remarks on the possible opportunities to improve the marketplace for multiple participants.
Richard talks to Shelly Kraft and provides an overview of the exchange, its unique listing model, and touches on the topic of US retail market access to CSE.
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:
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:
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
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
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
[email protected]
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:
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:
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
