The TSX Venture Exchange
is a stock exchange
. It is headquartered in Calgary
and has offices in Toronto
, and Montreal
. It was previously known as the Canadian Venture Exchange
(CDNX), but in 2001 the TSX Group
(now known as the TMX Group
) purchased it and renamed it.
The TMX Group
also owns the Toronto Stock Exchange
). The Toronto Stock Exchange
is the senior equity market, while the TSX Venture Exchange is a public venture capital
marketplace for emerging companies.
As of November 2010, the TSX Venture Exchange had 2,364 listed companies with a combined market capitalization of $60,811,203,235.
The Canadian Venture Exchange was created in Canada
on November 29, 1999 as a result of an agreement between the Vancouver, Alberta, Toronto and Montreal exchanges to restructure the Canadian capital markets along the lines of market specialization.
The CDNX was created by the merger of the Vancouver Stock Exchange
(VSE) and the Alberta Stock Exchange
(ASE). The focus of the CDNX
was junior companies, i.e., those whose assets, business and market capitalization were too small to be listed on the Toronto Stock Exchange
). Often, these were resource exploration companies, but also came to include new high technology ventures. The exchange had its corporate headquarters in Calgary, Alberta, and its Operations headquarters in Vancouver
, British Columbia
, with additional offices in Toronto