New Name and Platform in Place, Canadian Venue Takes Aim at TSX
In an increasingly competitive Canadian equities market, emerging-company exchange CNQ has undergone a reinvention, changing its name to the Canadian National Stock Exchange (CNSX), upgrading its technology and hiring new talent.
The moves by CNSX--operated by CNSX Markets, formerly the Canadian Trading & Quotation System, which also runs alternative trading system (ATS) Pure Trading--come near the end of a year in which Canada has seen a profusion of new platforms, backed by both local companies and those from its neighbor to the south. On Nov. 7, one day after CNSX made its announcement, Alpha Group, co-owned by a consortium of Canadian investment dealers, said that its Alpha ATS had become the country's latest entrant.
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