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|A B C D E
F G H I J K L
M N O P
Q R S
T U V
W X Y Z
abbreviation for Alberta Stock Exchange.
provincial government agency responsible for administering and enforcing the Securities
Act and the Commodity Contract Act of British Columbia. Its basic mission is to protect
the public from fraud and abuse and to ensure that securities markets operate fairly and
Columbia International Commercial Arbitration Centre
An arbitration centre established to resolve business disputes that have not been resolved
through normal channels. As part of its services, the centre will accept claims up to
$50,000 from clients of participating member firms of the Investment Dealers Association
of Canada (Pacific Division) and the Canadian Venture Exchange.
Canadian Data Feed
A high speed transmission of quotations and other market information from the
CDNX,TSE & ME, combined in Toronto then routed to a central hub in the U.S. for
dissemination to commercial quotation vendors; a one way data feed; currently sent to an
estimated 40,000 terminals in the U.S., Europe and Asia.
Derivatives Clearing Corporation
A limited liability company which serves as a clearing house and guarantor for equity
options, bond and index options markets in Canada; owned equally by the TSE and ME.
The electronic information system handling approximately 1,000 stocks trading
over-the-counter in Ontario; provides computer access to bid and ask quotes, as well
as trading volumes from previous day.
Depository for Securities
Centralized debt and equity securities clearing house for the
clearing and settlement of all Canadian stock exchange trades. Provides custodial
safekeeping services to its participants.
Joint venture of the ME, TSE & CDNX whereby market data is combined into a single feed
(See CCDF) for distribution outside Canada.
Investor Protection Fund
A fund established to protect customers in the event of the insolvency of a member of any
of following Sponsoring Self-Regulatory Organizations (SSROs): the Montreal, Toronto and
Canadian Venture Exchanges, the Toronto Futures Exchange and the Investment Dealers
Association of Canada.
Combination of the Listing Agreement and the company's Prospectus, the latter serving as
the disclosure document, submitted to the Exchange at the time of listing.
An independent, non-profit association, based in Windsor, Ontario, serving individual
investors and investment clubs.
The national educational organization of the securities
industry sponsored by the Investment Dealers Association of Canada, and the Toronto,
Montreal and Canadian Venture Stock Exchanges.
on Uniform Securities Identification Procedures
A standard system of securities identification and description
that is used in processing and recording securities transactions in North America.
Operated by Standard & Poor's, their Canadian arm is managed by CDS (which see.)
A form of Prospectus which enables the listed company to conduct the prospectus offering
through the facilities of a stock exchange rather than issuing them directly to the
purchasers thereof and subsequently making an application to have those securities listed
for trading on the exchange.
Administrators Section (of the IDA)
A sub-committee of the Investment Dealers Association, comprised of Financial Officers of
member firms, which looks at such matters as internal controls, and capital and insurance
requirements. Stock exchange representatives attend as observers.
Internationale des Bourses de Valeurs
An international federation of stock exchanges. The FIBV's aim is to promote a closer
collaboration between the Member Stock Exchanges and Associations of Stock Exchanges, and
cooperate with national and international organizations to contribute to the development
of securities markets in the best interests of securities issuers and investors. The VSE
was admitted in 1991, and CDNX remains a member.
A disclosure document submitted by a listed company to outline material changes in its
affairs (not for the purpose of a financing).
|High Speed Vendor
The CDNX one-way data feed sold to vendors or large commercial users with in-house
A brokerage firm outside of Canada that is permitted to provide corporate finance services
under the British Columbia Securities Commission (BSSC) but is exempt from the usual BCSC
registration requirements. An IA participating in a prospectus offering is entitled to
underwriters commissions and brokers warrants but is not a member of the
Exchange and does not have TradeCDNX trading privileges. IAs are not permitted to deal
with Canadian resident clients, but otherwise benefit from participation in a wider
distribution of shareholdings and increased liquidity for the securities they issue in
their home jurisdiction. In Australia, contact Jay
Hughes, Paterson Ord Minnett. In Hong Kong, contact William Lam, Kingsway International Holdings.
Dealers Association of Canada
A self-regulatory securities industry organization; its activities focus on the
development of a favourable investment climate in Canada.
When a private company issues equity securities from its treasury pursuant to a prospectus
for the first time, following one or more issuances of seed capital.
An association of major U.S. stock exchanges, NASD (U.S.)
members, the CDNX, TSE, and ME; shares regulatory information relevant to intermarket
The document which a company completes and submits to the Exchange to provide full
disclosure on its activities, plans, management and finances at the time of listing;
includes the Listing Agreement.
A disclosure system that facilitates certain Canadian-U.S. cross-border securities
offerings, issuer bids and takeover bids. The system is intended to reduce costly
duplication of disclosure requirements and other filings when issuers from one country
register securities offerings in the other. Under the rules, eligible cross-border
offerings are governed by the disclosure requirements of the home country of the issuer.
Association of Securities Dealers Inc.
A non-profit self regulatory organization for the over-the-counter securities market in
the United States; operates the American unlisted market.
Association of Securities Dealers Automated Quotations
A U.S. national computerized communications system which
facilitates trading in over-the-counter securities; operated by the NASD Inc.
Dematerialized certificates reflecting ownership on the transfer agents's electronic
register. Since March 1994, the majority of CDNX issues are held electronically.
A trading platform that allows users to trade any stock listed on any stock exchange in
the network. The system routes users' orders to a specific or several marketplaces to
obtain the best possible price.
The "unlisted" market, maintained by securities dealers, for issues not listed
on a stock exchange; trades are generally made over the telephone; there is no OTC market
in British Columbia.
Financing vehicle whereby a listed company sells treasury shares to a small group of
sophisticated private buyers or people associated with the company or its principals;
distinct from a public distribution.
A short-term privilege granted to shareholders to purchase additional common shares at a
stated price (discounted to market) and within a specified time period. Rights of
listed companies trade on stock exchanges from the ex-rights date until their expiry.
A salesperson or a broker employed by a securities firm; must be registered with the
provincial securities commission and, if employed by a CDNX Member Firm, with CDNX.
A method of listing on a stock exchange whereby a private company acquires or "takes
over" the shares of a listed company; sometimes called a "back-door
U.S. federal regulatory body for interstate securities transactions.
for Electronic Document Analysis and Retrieval
A computer system requiring public companies to file documents
electronically to a central repository where the filing can then be retrieved by the
relevant regulatory agencies and the public.
The trade association representing over 600 securities firms
throughout Canada and the United States. Members include banks, brokers, dealers and
mutual fund companies.
Industry Advisory Committee
Canadian organization made up of Chairpersons and Presidents of all SROs. Replaces (JIC)
Joint Industry Committee.
and Investment Board
A private body located in London, England which establishes minimum standards for the
conduct of British investment businesses; an industry "watchdog" which oversees
self-regulatory bodies, such as stock exchanges.
and Poor's Indices
A series of indices published by the Standard & Poor's Corporation which track the
performance of various investment instruments in the United States.
to VCT (Vancouver Computerized Trading)
An automated trading system designed specifically for the Vancouver Stock Exchange. With
terminals in broker's offices across the country, this system replaces the traditional
open outcry trade floor and offers faster, more efficient trading and improved market
A self-regulatory organization based in the U.K.
Interface for Trading Access Links
Trading interface designed by CDNX that enables members using electronic trading
systems to access TradeCDNX directly.
Last updated: October 09, 2001