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TMX Group and the TSX Venture Exchange has launched TSX Private Markets.

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TSX Private Markets, designed to support efficient capital raising and secondary trading within Canada’s exempt market, will provide enhanced access to capital for private and public issuers and exempt market liquidity for approved dealers and their accredited investors.

Additional Information:

Company: TSX Private Markets
Website: https://tsxprivatemarkets.com/
Stock Symbol: NA
Date Published: Nov 20, 2014
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for InvestmentPitch.com

TMX Group, parent company of the Toronto Stock Exchange and the TSX Venture Exchange has launched TSX Private Markets.

TSX Private Markets, designed to support efficient capital raising and secondary trading within Canada’s exempt market, will provide enhanced access to capital for private and public issuers and exempt market liquidity for approved dealers and their accredited investors.

TSX Private Markets permits private and public companies, domestic and international, to use the Platform for capital formation and secondary trading in the exempt market.

Private companies may post their offerings on the Platform and TSX Private Markets will also facilitate secondary trading of the company's securities.

Public companies may post private placements on the Platform and TSX Private Markets will also facilitate secondary trading of private placements during the four month hold period.

The market will also provide liquidity for investors wishing to sell securities with set redemption dates, and can be used by fund managers to obtain current pricing, allowing them to mark previously illiquid assets to market.

Settlement for all eligible secondary trades will occur on a T + 3 basis through CDS Clearing and Depository Services Inc.

Approved Participants includes IIROC Member Dealers, Exempt Market Dealers, Portfolio Managers, Fund Managers, and Institutional Permitted Clients.

TSX Private Markets will be operated by exempt market dealer, Shorcan Brokers Limited, which is registered in every jurisdiction in Canada, and also a wholly-owned subsidiary of TMX Group.

Kevan Cowan, President of TMX Markets, stated: “TSX Private Markets is open for business, and we are excited to begin onboarding dealers and companies. Our new service offering aims to address existing challenges and create opportunities in an underserved segment of our markets.”

For more information please visit www.tsxprivatemarkets.com, call 1-800-268-9301 or email info@tsxprivatemarkets.com.

I’m Samantha Deutscher for Investmentpitch Media
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This video is for information purposes only and it not a recommendation to buy or sell any securities.