Companies listed on the Canadian Securities Exchange (CSE) can now apply to trade on U.S. over-the-counter (OTC) markets, too.
The CSE said Wednesday it has been added to the OTC Markets Group Inc.’s list of “qualified foreign exchanges”, meaning that CSE-listed companies are now eligible to apply for trading on its U.S. OTC markets, known as OTCQX and OTCQB.
“We are extremely pleased with this move by our colleagues at OTC Markets Group. Eligible CSE-listed companies are now able to leverage their Canadian stock exchange listing with us to gain access to the largest public capital market in the world, expanding reach and liquidity opportunities,” said Richard Carleton, CEO of the CSE.
“The addition of the CSE to the OTC Markets Group list addresses a longstanding desire for our issuers and further solidifies our value proposition for companies seeking a primary exchange listing in Canada,” added James Black, vice president of listings development at the CSE.