(August 30 – 17:00 ET) – The TSE is preparing for the transfer of its over-the-counter stocks to the CDNX.

Companies listed on the Canadian Dealers Network, a TSE subsidiary, have already been invited to list on the CDNX. Those listings are scheduled to commence October 2.

A new subsidiary of the CDNX, known as the Canadian Unlisted Board Inc. (CUB), is developing the new Web-based system to report trading in Canadian unlisted public company stocks and foreign securities. The CUB will replace the current TSE/CATS reporting mechanism for unlisted stocks. It is hoped it will be ready for testing by mid-September. Trade reporting fees will remain at $1.95 per side.

Although it is in the process of shutting down the Canadian Automated Trading System (CATS), the TSE will allow CDN firms to maintain their CATS Network devices. Shutdown dates include September 29 for access to the CDN Quoted Market and October 6 for the CDN Reported Market.
-IE Staff