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What is the history of the Canadian Securities Exchange?

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Quick Answer

The Canadian Securities Exchange was first established in 2003 with the goal of providing efficient and up-to-date capabilities for companies wishing to access the public capital market in Canada, according to its website, CNSX.ca. The Ontario Securities Commission first recognized the operating company for the Canadian Securities Exchange, CNSX Markets Inc., in 2004.

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Full Answer

Prior to its recognition as the Canadian Securities Exchange, it was known as the Canadian National Stock Exchange, notes Proactive Investors North America. An alternative stock exchange, the Canadian Securities Exchange uses an automated system for selling, buying and trading stocks as opposed to the familiar floor trading system known in other exchanges. It gained the ability to trade stocks via an electronic communication network with the Toronto Stock Exchange in 2007.

In 2007, the Canadian Securities Exchange became the first full stock market to gain approval by the Ontario Securities Commission for the previous 70 years, notes CNSX.ca.

In 2015, the Canadian Securities Exchange launched the CSE Composite Index, which is an index that tracks CSE activities, according to Investment Executive. CNSX.ca provides information for investors on the securities traded on the exchange, grouped by sector, such as mining, oil and gas, technology, life sciences, government debt and others. It also offers information on listings, trading and market data.

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