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CSE trading volume in 2014 reaches two billion

2014-11-12 15:51 ET - News Release

Mr. Richard Carleton reports

CSE TRADING REACHES 2 BILLION SHARE VOLUME

The Canadian Securities Exchange's cumulative trading volume in 2014 has exceeded two billion shares for the first time in its 11 years of existence. Total trading volume for the full year 2013 was 870 million shares, and that was also a record number.

The extraordinary growth in trading in 2014 has been driven by an increase in the number of companies listed on the exchange and growing investor interest in the securities of those companies. A total of 68 companies have been listed to date, also a new record for the exchange. The previous record was 44 listings in a single year, set in 2012. On average, each company has already traded 10 million shares this year.

CSE companies have raised almost $150-million so far this year, with half of that amount occurring in the technology sector. Forty-one companies in a variety of technology industries have raised an average of $1.8-million per company during 2014. The mineral resource sector, while not as robust as in previous years, has also experienced a lot of financing activity, with 36 companies raising capital during the year.

"The CSE serves a broad range of emerging and established Canadian companies that share the entrepreneurial spirit of our exchange. They enjoy the unique advantages that we offer to those that access capital in the public markets to grow their business. The increasing depth and breadth of our trading list reflects the characteristics of enterprises that are supported by investors across Canada," said Richard Carleton, chief executive officer of the exchange.

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