Capital Markets - TSX & TSX-VM
The Toronto Stock Exchange (TSX) and Toronto Stock Exchange -Venture (TSX -V), now known as the TMX Group Limited, allow companies to access capital and future financing opportunities.
In August, 2012, the TMX Group concluded a transaction with Maple Group Acquisition Corporation. Maple also finalized the acquisition of The Canadian Depository for Securities (CDS) and the Alpha Group companies. The addition of new services and a new trading venue expands the TMX Group’s offering and creates the potential for new products and services that will enhance the markets’ efficiency and competitiveness on the global stage. This transaction will make the TMX Group Limited, an even stronger partner for market participants across Canada and around the world.
The TSX is an active global leader; the combined strength of the TSX and TSX-V makes it 1st in the world by number of new listings. (See Table 1 for Global Equity Market Comparison -2011) It is also 1st in the world by number of listed companies under the mining, oil & gas and clean technology sectors, and 1st in Exchange-Traded Funds (ETFs). The TMX is also recognized for its great entry exchange-between January 1, 2000 and December 31, 2011, 536 companies graduated from the TSX-V to the TSX through its unique feeder system.
The TSX-V provides access to capital for earlier-stage companies or smaller financings. It has a total market cap of $48.7 billion CDN and an average market cap of $21.6 million C. The 100+ year old TSX-V is mandated to mentor the management of newly public companies, and provides a cost-effective stepping stone for international companies looking to list in a quality North American market.
The TSX is the senior market for well-established businesses and management teams with experience in public markets. With a 151-year history and globally-visible specialized indices, the TSX provides access to larger, more international institutional investors. It has a total market cap of $2.0 trillion and an average market cap of $1.3 million. Of TSX issuers valued at $500 million or greater, 32% are inter listed on a US exchange.
Toronto Stock Exchange and TSX Venture Exchange attract significant institutional and retail investors from around the world, including the U.S., Europe, China, Australia, South Africa and Latin America. In fact, approximately 40% of the trading on TMX Group's equity exchanges comes from outside of Canada.
Global Equity Market Comparison - 2011
| |
TSX/TSXV |
Hong Kong Stock Exchanges |
Singapre Exchange |
Shanghai SE |
Shenzhen SE |
LSE/AIM |
NYSE/AMEX Euronext (US) |
Nasdaq |
*NASDAQ information does not include secondary financings.
Source: Exchange Websites, World Federation of Exchanges, (TMX analysis of public information)
- Traded value of TSX was $1.5 trillion in 2011
- 2nd most issuers listed behind only the NYSE/AMEX Euronext
- 1st in the World by Number of New Listings
|
| Number of Issuers Listed |
3,837 |
1,496 |
773 |
931 |
1,411 |
2,886 |
2,220 |
2,680 |
| Quoted Market Value (US $ Billions) |
1,912.1 |
2,258.0 |
598.3 |
2,357.4 |
1,054.7 |
3,266.4 |
11,795.6 |
3,845.1 |
| New Listings |
535 |
101 |
22 |
38 |
243 |
163 |
124 |
185 |
| Equity Capital Raised (US$ Billions) |
51.6 |
63.0 |
8.5 |
49.5 |
73.8 |
51.4 |
111.3 |
11.0 |
| Value Traded (US$ Billions) |
1,542.2 |
1,444.6 |
285.1 |
3,658.0 |
2,838.1 |
2,837.0 |
18,027.1 |
12,723.5 |