TMX group

Here are the main benefits of listing your company on Toronto Stock Exchange (TSX) or TSX Venture Exchange:

Visibility

A Canadian issuer listed on Toronto Stock Exchange or TSX Venture Exchange will attract more analyst coverage than a Canadian issuer listed only on a U.S. exchange.

Analysts cover only 53% of Canadian issuers listed solely on a U.S. exchange, with an average of three Canadian or U.S. analysts covering these issuers. For issuers listed on both Toronto Stock Exchange or TSX Venture Exchange and a U.S. exchange, 86% received coverage by an average of 9 analysts each.

Index eligibility

A Toronto Stock Exchange listing means an issuer is eligible to be included in the S&P/TSX Composite Index, as well as assignment to S&P/TSX sector indices.  For issuers listed on TSX Venture Exchange, they may be eligible to be included in the S&P/TSX Venture Composite Index. Being included in an index raises a issuer's visibility and profile, and can improve investor awareness.

Index-based investing strategies are popular among institutional investors. According to Benefits Canada, almost one-third of Canadian pension fund assets invested in Canadian stocks are managed using index-based investing strategies.

Click here to access a list of S&P/TSX Indices.

Institutional investment

In addition to retail investors, a listing on Toronto Stock Exchange or TSX Venture Exchange can get an issuer noticed by the Canadian institutional investment community. Portfolio and pension managers funnel 70% of their money into Canadian assets.

Market support

Canadian investors and analysts tend to be better informed and risk-tolerant, and thus are more likely to stick with Canadian issuers for the longer term. Canadian investors also tend to have lower turnover in their portfolios.

A well-regulated and fully automated marketplace

The ability of investors to buy or sell a reasonable amount of stock, without incurring major price changes, is an important feature of a quality market. This instills trust in the market and encourages more trading.

Because most of our trading rules are built into our automated systems, Toronto Stock Exchange and TSX Venture Exchange ensure consistent treatment of all orders. This consistency enhances investor confidence in the fairness of our market.