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CSE:CSE

Canadian Securities Exchange (CSE)

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WHO WE ARE

The Canadian Securities Exchange began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.   The operating company, CNSX Markets Inc., was recognized by the Ontario Securities Commission as a stock exchange in 2004.

As one of Canada's most dynamic marketplaces, the Canadian Securities Exchange delivers products and services that lower costs, reduce complexity and provide market making opportunities for the dealer community.

Designed to meet the needs of emerging companies and their investors, CSE has grown continuously and now lists more than 200 equities, government bonds and structured products.

 

In September 2007, the exchange launched the first continuous auction market to trade securities listed on other Canadian stock exchanges. The new facility introduced a high capacity, low latency trading environment combined with an attractive fee structure that enabled the Canadian trading community to use advanced trading technologies to their full advantage, while delivering cost savings enhancing the competitiveness of the Canadian markets.

 

Following the completion of "Project One" on December 2, 2013 CSE listed symbols and stocks listed on other Canadian exchanges are now being traded on a single system at the CSE.

MARKETPLACE OPERATIONS

The Canadian Securities Exchange began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.   The operating company, CNSX Markets Inc., was recognized by the Ontario Securities Commission as a stock exchange in 2004.

 

 

Designed to meet the needs of emerging companies and their investors, CSE has grown continuously and now lists more than 200 equities, government bonds and structured products.

 

In September 2007, the exchange launched the first continuous auction market to trade securities listed on other Canadian stock exchanges. The new facility introduced a high capacity, low latency trading environment combined with an attractive fee structure that enabled the Canadian trading community to use advanced trading technologies to their full advantage, while delivering cost savings enhancing the competitiveness of the Canadian markets.

 

Following the completion of "Project One" on December 2, 2013 CSE listed symbols and stocks listed on other Canadian exchanges are now being traded on a single system at the CSE.

 

Part 10 of National Instrument 21-101 Marketplace Operation requires that each marketplace, whether an exchange, ATS, or quotation and trade reporting system, include disclosure on its website that is reasonably necessary to enable a person or company to understand the marketplace’s operations or services it provides.  The index below lists the relevant topics, and provides a link to the page on which the information may be found.

 

A) Fees

All fees, including any listing, trading, data, co-location and routing fees charged by the marketplace, an 

affiliate or by a party to which services have directly or indirectly been outsourced or which directly or indirectly 

provides those services.

Listing

Trading

Market Data

Co-location - CNSX Markets does not offer co-location services

Routing Fees

 

B) Order entry and Execution

How orders are entered, interact and execute. 

Order Types and Functionality

 

C) All Order Types

Order Types and Functionality

 

D) Access Requirements

Become a CSE Dealer and Connectivity Access

 

E) Conflicts of Interest

The policies and procedures that identify and manage any conflicts of interest arising from the operation of the 

marketplace or the services it provides. 

 

F) Referral Arrangements

Referral arrangements between the marketplace and service providers (Not applicable to CNSX Markets Inc.)

 

G) Routing Decisions 

If routing is offered, how routing decisions are made 

Link: Order routing

 

H) Indications of Interest 

If indications of interest are disseminated, the information disseminated and the types of recipients of such 

indications of interest. (Not applicable to CNSX Markets Inc.

Richard Carleton - CEO

Richard Carleton has been CEO of the Canadian Securities Exchange for seven years. Prior to this appointment, Richard served as Vice-President Corporate Development with responsibility for the CSE’s technology, operations, market data and trading sales teams. Before joining the exchange, Richard worked as a business development consultant in Toronto and New York in the risk management and index product fields after spending twelve years with the Toronto Stock Exchange, serving most recently as a member of the exchange’s senior management team. Active in industry affairs, Richard served two terms as chair of the market data industry’s global trade association in the late 1990's and is a frequent panelist at market structure and trading technology events across North America. Richard also serves as a member of the boards of the Private Capital Markets Association and the Empire Club of Canada.

A member of the Law Society of Upper Canada since 1987, Richard is a graduate of the University of Ottawa (B.A. ’81) and the University of Toronto (LL.B. ’85). He has also completed the executive development programme at the Wharton School, University of Pennsylvania.

Adam Conyers - Chief Financial Officer

Adam Conyers is Chief Financial Officer and Senior Vice-President of CNSX Markets Inc. His role includes managing and directing the accounting and financial reporting functions for the company as well as administration and human resources. Additionally, he works closely with the CEO on corporate strategy and business development. Adam’s involvement with the company dates back to 2002 when he was a consultant to the creation of the company. He was also a Director of the company from 2003 through to his resignation in late 2015 to take on his new role. During this period he has served as Board Chair, as a member of the Audit Committee and as Chair of the Human Resources Committee.

Adam was previously CFO at Voyport Group Holdings, LLC a company developing a low cost, high quality international voice roaming system for business travellers and Gedex Inc. a company developing technology for high resolution airborne resource exploration. Prior to that, Adam spent five years with the Toronto Stock Exchange in a variety of roles including CFO, SVP Market Services and President of the Toronto Futures Exchange. Adam started his career with Price Waterhouse where he obtained his Chartered Accountant’s qualification and also spent several years with Price Waterhouse Limited working on insolvency and restructuring files.

At Trinity College, University of Toronto, Adam earned a Bachelor of Commerce degree in 1980. He also attended the Advanced Management Program at the Wharton School of Business in 1999 and holds an ICD.D designation from the Institute of Corporate Directors. Adam is a Director and Treasurer of the Green Durham Association and serves on two Independent Review Committees.

Jamie Anderson - General Counsel & Corporate Secretary

As General Counsel & Corporate Secretary, Mr. Anderson has responsibility for advising on all legal and corporate governance matters and advising on a broad range of strategic and regulatory issues. Mr. Anderson also leads a consultancy practice in the areas of compliance, governance, and business process re-engineering whose clients include major Canadian banks, life insurers, and investment managers. Prior to joining the CSE, Mr. Anderson held executive and senior level roles at several of Canada’s largest and systemically important financial institutions, including The Canadian Depository for Securities Limited where he was most recently Chief Legal Officer. Mr. Anderson has championed many strategically important transactions and initiatives including large M&A deals, complex litigation, and default resolutions. Mr. Anderson received his B. Comm. (Finance), B. Sc. (Economics), and LL.B. from Dalhousie University, MBA (Management) from Saint Mary’s University, and LL.M. (Banking & Financial Services) from York University (Osgoode Hall Law School). He is a member of the Law Society of Upper Canada. Mr. Anderson is a community-elected member of the Board of Management of Swansea Town Hall (an agency of the City of Toronto), a member of the Board of Directors of the Swansea Town Hall Association and Chair of its Governance Committee.

Robert Cook - Senior Vice President, Market Development

Mr. Cook is primarily responsible for the development of a range of services to companies listed on the CSE and for the composition and maintenance of the CSE Composite Index. He has been a member of the executive management team of the exchange since 2002. He currently serves on the Ontario Securities Commission’s Small and Medium Enterprise Advisory Committee.  Immediately prior to joining the CSE, he held the position of V-P Market Surveillance, Market Regulation Services Inc., which was created in 2001 by the Toronto Stock Exchange (TSE) and the Investment Dealers Association of Canada (IDA) to regulate Canadian markets.

Rob had a 19-year career at the TSE where he held a number of positions in listed company regulation including Director, Original Listings, followed by six years as Director, Market Surveillance. Before that he worked in the mining industry for three years as a mineral economist for a major mining company and an international consulting firm.

Rob holds an Honours BA in Economics from York University (1977) and an MBA from the Ivey School of Business, University of Western Ontario (1979).

Pina De Santis - Vice President, Corporate Development

Pina De Santis is Vice President, Corporate Development responsible for strategy, sales and business development activities for the trading and market data business lines at the CSE. Pina has extensive experience in the Canadian capital markets industry.  Prior roles include Director, Business Development at the Toronto Stock Exchange and served for many years as a committee member of the Financial Information Industry Association based in the US. She began her career as an analyst and institutional equity trader at Walwyn Stodgel in Montreal. In addition to her extensive work experience, Pina is passionate about giving back to the community and is a board member of various non-profit organizations focused on Seniors and community healthcare. Pina holds a bachelor’s degree in Economics and is multi-lingual.

Mark Faulkner - Vice President, Listings & Regulation

Mark is responsible for rule development and the ongoing regulation of the CSE. As Vice President, Listings & Regulation of the CSE, Mark is also responsible for the review of Listing Applications and Listed Company compliance with the CSE Policies. Prior to joining the CSE in 2003, Mark had a 14 year career at the Toronto Stock Exchange and Market Regulation Services ("RS") in both trading services and regulatory positions.

As Manager of Investigations in Market Surveillance, responsibilities encompassed various regulatory matters, including Internet Surveillance, market investigations and insider trading reviews. Mark played the primary role in the development and implementation of automated market maker performance systems, introduced the use of link analysis in Market Surveillance Investigations, and developed the Closing Report for TSX participants.

Mark has studied market surveillance and investigative practices and procedures through the Ontario Securities Commission, the Criminal Intelligence Service of Ontario, and the U.S. Securities and Exchange Commission Training Institute. While at RS, he served as Chairman of the Surveillance Practices subgroup of the Intermarket Surveillance Group ("ISG"), an international group representing more than 30 exchanges around the world.

David Timpany - Vice President, Technology & Operations

David Timpany is the VP, Technology and Operations for the Canadian Securities Exchange (“CSE”). Mr. Timpany is responsible for leading the design, development and implementation of organizational information systems, software applications, IT support and infrastructure systems. Prior to joining the CSE, David was a Project Manager at Basis 100/EFA software where he managed the software development and implementation for many stock exchanges throughout the world. At the Haskayne School of business, University of Calgary, David earned a Bachelor of Commerce degree with a concentration in Management Information Systems (MIS) in 1997.

James Black - Vice President, Listings Development

James Black is the VP, Listings Development for the Canadian Securities Exchange (“CSE”). Based in Vancouver, BC Mr. Black manages the CSE’s domestic and international programs for attracting exciting new companies to the exchange as well as evangelizing the CSE as “the Exchange for Entrepreneurs”.

Prior to James’ tenure at the CSE, he was a manager at the National Angel Organization where his focus was on helping Angel groups launch, network with one another, and establish best practices for investing. He graduated from Ryerson University in Toronto with Honours majoring in Entrepreneurial studies.

For General Inquiries Contact: info@thecse.com

For Listings Inquiries Contact: listings@thecse.com

For Trading Inquiries Contact: sales@thecse.com

 

CANADIAN SECURITIES EXCHANGE

CNSX Markets Inc.

Address  220 Bay Street, 9th Floor

Toronto, Ontario

M5J 2W4

Phone  416-572-2000

Fax  416-572-4160

 

Vancouver Office

Address 200 - 1090 West Pender Street

Vancouver, British Columbia

V6E 2N7

Phone  604-331-1213

Fax  604-687-1188