Listings

S&P Market Access Program

Break down your access barriers to the U.S. retail market


For a company to offer secondary trading in the U.S., they must obtain security law exemptions at both the Federal and State level. For Toronto Stock Exchange and TSX Venture Exchange issuers, inter-listing on NASDAQ or NYSE would negate the requirement for exemptions.

However for most companies the costs and regulatory requirements associated with inter-listing are prohibitive. The S&P Market Access Program is used by TSX and TSX Venture companies who want to reach U.S. investors without the significant costs associated with a U.S. inter-listing or registration in each individual state by:

  • Increasing U.S. retail investor awareness, positioning and potential shareholders of their stock.
  • Enabling the proactive positioning and solicitation of their stock by tens of thousands of U.S. brokers & financial advisors
  • Utilizing S&P's extensive proprietary distribution to reach their U.S. retail target audience; and
  • Providing a third party reference profile from a highly credible independent information source

Overall S&P Market Access is a dynamic visibility service for small to medium sized capped companies.

The S&P/TSX Market Access Exclusive Offer

The new S&P/TSX Market Access exclusive offer provides issuers with a further discounted publication option while still providing the long standing value S&P provides with its Market Access Program. The S&P/TSX Market Access exclusive offering provides:

  • S&P Corporation Records Coverage
  • Free Access to your S&P profile on your website and key industry websites & financial portals
  • Coverage on Standard & Poor's Advisor Insight Platform
  • Entry into the Standard & Poor's Stock Guide Database
  • The potential to obtain Blue Sky/manual exemption privileges in up to 38 U.S. states*
  • A showcase of your company to 200,000+ financial professionals, compliance officers, fund managers, registered reps and research analysts
  • The guarantee of your company's presence in one of the industry's most well respected and widely used reference tools

*It is recommended that an issuer consult legal counsel before relying on a particular exemption.

For questions regarding S&P Market Access or the S&P/TSX Market Access exclusive offer, contact your Relationship Manager:

Western Canada: Arne Gulstene, arne.gulstene@tsx.com, (604) 602-6970
Quebec and Eastern Canada: Matthew Fireman, matthew.fireman@tsx.com, (514) 788-2419
Ontario: Emily Chen, emily.chen@tsx.com, (416) 947-4372
International: Loui Anastasopoulos, loui.anastasopoulos@tsx.com, (416) 947-4717