Chapter 2: Auction markets
Stock exchanges in Canada:1) Toronto Stock Exchange (TSX): It has senior equities and some debt
instrument Companies listed on it. It is the main stock exchange in Canada.
2) TSX Venture: This is for the junior equity companies, which after attaining
more shareholders can shift to TSX.
3) TSX Alpha: Same as TSX Venture.
4) Montreal Exchange (ME): It mainly has Financial futures & Options listed on
it.
5) Natural Gas exchange
6) Canadian Securities exchange
7) ICE Futures (Winnipeg Commodity exchange ): It is mainly for agricultural
futures & options.
8) Aequitas NEO exchange
9) Nodal Exchange: It’s for Energy
Therefore we can say that F&Os are mainly listed on ME And ICE.
 Auction markets are for the public companies where there’s a system to
show the prices of the listed companies to the public
 On the other hand, Dealer markets are for the private/unlisted companies
Chapter 3
 There are 13 securities regulators in Canada (Each province has a different
regulator unlike USA), all of these work together under “Canadian
Securities Administrator” (CSA) to protect investors and support fair and
efficient market.
 The Self Regulatory Organisations (SROs) includes IIROC, MFDA and all
other stock exchanges (TSX, ME, TSX Venture, ICE). However, the 2 main
SROs are iiroc AND mfda.
 Investor Protection funds: In order to protect the investors’ funds when the
companies go bankrupt.
 The investor protection funds include Canadian Investor Protection fund
(CIPF) which comes under IIROC. Read more about it from text/video. Also,
MFDA investor protection fund (MFDA IPF). Read more about it from
text/video. It also includes some more (refer text/video)