Business Placement Experience

The number of firms participating in the Canadian securities industry has move significantly since 1990 (see Chart 1). At the end of 2001 there were 198 securities firms run in Canada. The seven largest integrated securities firms, which include those owned by the six major domestic banks and wizard major U.S. dealer, accounted for 71 per penny of total industry revenues. Retail firms accounted for 20 per cent of revenues while foreign and domestic institutional firms accounted for 9 per cent. In 1999 Canadas established exchanges underwent a major realignment in rescript to operate along lines of market specialization and to better make out with exchanges abroad and new electronic entrants penetrating the Canadian market. The Toronto depot Exchange (TSE) became the sole senior equities exchange, the Montreal Exchange (ME) became the derivatives exchange (options and futures contracts), and the causality Alberta and Vancouver exchanges became the Canadian Venture Exchange (CDNX), assuming control of subordinate equities. Another important structural change took place in April 2000, when the TSE became the first stock exchange in North the States to demutualize and continue operations as a for-profit corporation.

This business sit around was developed to provide the TSE with greater flexibility to address the challenges of world(prenominal) competitors and technological changes. In May 2001 the TSE acquired full ownership of the CDNX, transport all of Canadas equity trading under one organization for the very first time. The CDNX subsidiary, which continues to handle Canadas junior market, remains a separate marketplace, with its head office in Calgary and operating branch offices in Vancouver, Toronto, Winnipeg and Montréal. In December 2001 the care of the CDNX index was aligned with that of the TSE indexes under an arrangement with Standard & group A; Poors, the New York-based debt-rating agency that manages all the TSE indexes. The regulation of the Canadian securities industry is... If you want to get a full essay, determine it on our website: Ordercustompaper.com

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