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.
Tag Archives: Richard Carleton
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
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.
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