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Digital Transformation in Capital Markets: TSX Launches New ‘Venture Forward’ Junior Exchange Market

Stockhouse | Jon Brown | Jun 16, 2023

TSX Venture forward - Digital Transformation in Capital Markets: TSX Launches New 'Venture Forward' Junior Exchange Market

In a bid to reinvigorate the public market for early-stage companies, the TSX Venture Exchange (TSXV) is expediting the launch of a digital-focused 'Venture Forward' junior market.

  • The key take-away from this development is the Exchange's effort to modernize and adapt to the needs of the evolving business landscape.
    • The new platform aims to streamline and reduce the costs of public listing for newer companies, while also offering investors access to unique businesses and alternative asset classes.
    • The venture forward exchange promises to offer a digital-first user experience and a streamlined oversight model, with the goal of allowing management teams to focus more on building their businesses. It is quoted saying, “Entrepreneurs will benefit from new ways to access the public market, accelerated review times and lower costs. Investors will benefit from new opportunities to fund unique businesses.”

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  • Implications:
    • By providing a faster, cheaper route for younger companies to raise capital and list publicly, the Venture Forward exchange could potentially boost entrepreneurship and innovation. It is also likely to increase investor interest in early-stage businesses, spurring economic growth and diversification. Furthermore, the exchange's commitment to digital transformation suggests a broader trend in the industry towards leveraging digital technologies to increase efficiency and access.

Loui Anastasopoulos, CEO of the Toronto Stock Exchange and Global Head, Capital Formation for TMX Group:

Venture Forward is a key component of our ongoing strategy to push the evolution of our unique and powerful capital formation ecosystem, serve the needs of modern stakeholders, and sharpen our competitive edge in an increasingly borderless capital market landscape.

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NCFA Jan 2018 resize - Digital Transformation in Capital Markets: TSX Launches New 'Venture Forward' Junior Exchange MarketThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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