TSE targets U.S. traders

Article Abstract:

The Toronto Stock Exchange (TSE) has launched a marketing scheme to attract US institutional investors. The exchange is approaching institutional investors and brokerage firms south of the border to try to get them reroute their trades to Canada. According to Adam Conyers, the TSE's senior vice-president, the ultimate goal is to stabilize the trading taking place in Canadian-based interlisteds in US markets. TSE wants to become the center for the liquidity in these stocks. To understand why US institutions do not trade Canadian stocks in Canada anymore, two TSE staffers are canvassing US institutions, pension funds, and broker/dealers. The TSE is asking US investors about barriers to trade in Canada such as currency conversion; the need to connect with a Canadian dealer; the absence of the Canadian market on their trading screens; and unfamiliarity with Canadian trading rules. If the TSE management finds out that US investors and dealers want to do more trading in Canada, they will take specific steps to encourage this. These include improving technology and the flow of information.

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Investor protection fund doubles its coverage

Article Abstract:

The Canadian Investor Protection Fund (CIPF), the industry-sponsored insurance fund, has decided to double its existing coverage to C$1 million. The fund, which is financed by contributions from members in the Canadian brokerage industry, is used to protect stock market investors should their brokerage become insolvent. The new policy, which has also removed the C$60,000 limit for cash reimbursements, is in response to the increasing investments in equities.

Investment Banking and Securities Dealing, Market information - general, Securities Dealers

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Transcontinental shares knocked by profit warning

Article Abstract:

The reasons behind the decline in Transcontinental shares are examined.

Securities issued, listed, Printing & Publishing, Commercial Printing, Securities, Printing industry, Company securities, Transcontinental Inc., Commercial printing industry

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