CNSX becomes Correspondent of the World Federation
CNSX Markets Inc. becomes Correspondent of the World Federation of Exchanges
TORONTO – March 9, 2009 – CNSX Markets Inc. (CNSX Markets) today announced that it has been admitted as a Correspondent of the World Federation of Exchanges (WFE), a trade association of regulated stock, futures and options exchanges. There are currently 51 full members of the WFE, 21 WFE Affiliates, and 30 exchanges which are WFE Correspondents.
“The WFE is a central reference point for exchanges around the world, offering guidance on business strategies and on the improvement and harmonization of management practices in the securities industry,” said William Woods, CNSX Markets Managing Director. “WFE membership is considered by some governments and national associations of asset managers as a criterion for preferential investment policy and taxation for these markets. As a Correspondent, CNSX Markets will be active in the WFE workshops and will work towards full membership of this prestigious organization in due course.
” About CNSX:
CNSX Markets is a privately held Canadian company that operates two distinct markets: The Canadian National Stock Exchange (CNSX); and Pure Trading, which provides a high-speed trading venue for stocks listed on Canadian stock exchanges. CNSX competes for listings and trading by offering lower listing fees and innovative continuous disclosure features designed to minimize regulatory costs while improving the quality of information available to investors. Until March 31, 2009, companies that switch from another recognized stock exchange in Canada will pay just $2,000 rather than the usual initial listing fee of $10,000.
For more information, please contact:
CNSX Markets Inc.
William Woods – Managing Director
T: (416) 572-2000 x 2363
Richard Smith – Listings Manager, Vancouver
T: (604) 331-1213 x 227
Or visit our website: www.cnsx.ca
For more information on CNSX listing requirements, please also feel free to contact our listing department directly: firstname.lastname@example.org