Welcome!

News Feed Item

CSE Tallies Another Record Year in 2016; Personnel, Infrastructure Additions Strengthen 2017 Outlook

TORONTO, ONTARIO -- (Marketwired) -- 01/12/17 -- The Canadian Securities Exchange (CSE) is pleased to report record trading results for 2016 featuring triple-digit percentage growth in share turnover, value traded and number of transactions. As the year came to a conclusion, the CSE completed the integration of a completely new trading system. The system will provide a solid foundation for the future growth of the exchange with improved performance, new order types and features, and a suite of risk management and trade support capabilities that meet the needs of the global broker-dealer community.

Key Statistics

- Trading volume in CSE listed securities rose 159% to a record 6.4 billion shares;

- Trading value in CSE listed securities was $1.5 billion, up 334%;

- CSE companies conducted 364 financings, raising just over $400 million, up 106% from 2015.

Trading volume and value records were driven by a significant increase in activity during the second half of the year, as specific market sectors attracted strong investor interest ahead of the presidential election in the United States. October-December was the busiest quarter in CSE history, with volume higher by 334% compared to the same period in 2015.

Investment in digital infrastructure was another key theme at the CSE in 2016, the introduction of a new website in spring being followed by the delivery of the exchange's new trading platform in early December. Trading platform upgrades include order routing and new compliance/risk management tools for dealers, as they strive to optimize their execution services for CSE listed company investors. The new system functions approximately 11 times faster than its predecessor version.

Personnel additions also played an important role in development at the CSE in 2016. Experienced team members were added in compliance, listings review and listings development, as well as at the board level. The CSE is positioned even more strongly as 2017 begins to provide pre-listing and ongoing review of financial and geological disclosure to applicants and existing issuers, thus helping ensure that companies listed on the CSE meet high standards of disclosure.

The exchange welcomed 38 new issuers during the year. Companies listing on the CSE came from a variety of business fields, including oilfield services, medical cannabis, mineral exploration and mobile technology. In a year during which the virtual absence of Initial Public Offerings (IPOs) in Canada made headlines on more than one occasion, the CSE welcomed five new companies via IPOs.

With trading platform enhancements and personnel additions complete, the CSE plans to devote considerable resources in 2017 to further augment order depth and overall market quality for its issuers. These efforts will include ongoing initiatives to inform the financial community about individual CSE issuers, as well as about the exchange and its commitment to facilitating Canada's lowest cost of public capital. Updated requirements for listed companies are under consideration and likely to be introduced during 2017.

"It is gratifying to consider the dramatic growth the CSE has experienced over the past few years, not just in number of issuers but in volume, market quality, and overall interest in our listing environment," said Canadian Securities Exchange CEO Richard Carleton. "We believe the CSE offers distinct benefits for small-cap companies considering a presence as a publicly traded entity. Our mission to reduce the financial and administrative costs faced by public companies is one that every member of the CSE team believes in, as it enables entrepreneurial companies to devote more resources to growing their businesses. We plan a variety of initiatives domestically and internationally during 2017 to reach new audiences and ensure as many people as possible know about the CSE's advantages."

The CSE encourages issuers and investors to learn more about the exchange's accomplishments in 2016 and to preview the 2017 business year through an interview with CEO Richard Carleton available on the CSE website: http://blog.thecse.com/2017/01/05/record-growth-evolving-marketplace-interview-richard-carleton/. Mr. Carleton discusses measures taken recently by the exchange to refine services for both investors and issuers, offers a market outlook for 2017 and details how the CSE plans to build on its recent success going forward.

Contacts:
Richard Carleton, CEO
416-367-7360
[email protected]

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
DX World EXPO, LLC, a Lighthouse Point, Florida-based startup trade show producer and the creator of "DXWorldEXPO® - Digital Transformation Conference & Expo" has announced its executive management team. The team is headed by Levent Selamoglu, who has been named CEO. "Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation," he said in making the announcement.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today that Conference Guru has been named “Media Sponsor” of the 22nd International Cloud Expo, which will take place on June 5-7, 2018, at the Javits Center in New York, NY. A valuable conference experience generates new contacts, sales leads, potential strategic partners and potential investors; helps gather competitive intelligence and even provides inspiration for new products and services. Conference Guru works with conference organizers to pass great deals to gre...
DevOps is under attack because developers don’t want to mess with infrastructure. They will happily own their code into production, but want to use platforms instead of raw automation. That’s changing the landscape that we understand as DevOps with both architecture concepts (CloudNative) and process redefinition (SRE). Rob Hirschfeld’s recent work in Kubernetes operations has led to the conclusion that containers and related platforms have changed the way we should be thinking about DevOps and...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develop...
In his Opening Keynote at 21st Cloud Expo, John Considine, General Manager of IBM Cloud Infrastructure, led attendees through the exciting evolution of the cloud. He looked at this major disruption from the perspective of technology, business models, and what this means for enterprises of all sizes. John Considine is General Manager of Cloud Infrastructure Services at IBM. In that role he is responsible for leading IBM’s public cloud infrastructure including strategy, development, and offering m...
Companies are harnessing data in ways we once associated with science fiction. Analysts have access to a plethora of visualization and reporting tools, but considering the vast amount of data businesses collect and limitations of CPUs, end users are forced to design their structures and systems with limitations. Until now. As the cloud toolkit to analyze data has evolved, GPUs have stepped in to massively parallel SQL, visualization and machine learning.
The next XaaS is CICDaaS. Why? Because CICD saves developers a huge amount of time. CD is an especially great option for projects that require multiple and frequent contributions to be integrated. But… securing CICD best practices is an emerging, essential, yet little understood practice for DevOps teams and their Cloud Service Providers. The only way to get CICD to work in a highly secure environment takes collaboration, patience and persistence. Building CICD in the cloud requires rigorous ar...
"Evatronix provides design services to companies that need to integrate the IoT technology in their products but they don't necessarily have the expertise, knowledge and design team to do so," explained Adam Morawiec, VP of Business Development at Evatronix, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
To get the most out of their data, successful companies are not focusing on queries and data lakes, they are actively integrating analytics into their operations with a data-first application development approach. Real-time adjustments to improve revenues, reduce costs, or mitigate risk rely on applications that minimize latency on a variety of data sources. In his session at @BigDataExpo, Jack Norris, Senior Vice President, Data and Applications at MapR Technologies, reviewed best practices to ...
Widespread fragmentation is stalling the growth of the IIoT and making it difficult for partners to work together. The number of software platforms, apps, hardware and connectivity standards is creating paralysis among businesses that are afraid of being locked into a solution. EdgeX Foundry is unifying the community around a common IoT edge framework and an ecosystem of interoperable components.
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...