Nasdaq Canada exists to enhance and ensure Canadian investors immediate trading access (including real time availability of all relevant data) of all Nasdaq securities and issuers with the ability to raise capital more efficiently.
Nasdaq Canada is regulated jointly by the NASDR and the Québec Securities Commission (CVMQ).
In the first phase of the development of Nasdaq Canada, trading operations were initially started with Nasdaq workstations and terminals installed at 10 participating Canadian securities firms in Montreal.
The 10 initial Canadian brokerages participating in Nasdaq Canada are: This enabled these firms to trade the 5,000 Nasdaq-listed companies directly through their local broker, including the 42 Canadian companies previously listed solely on Nasdaq U.S.
The Nasdaq Canada Index was created at the same time as Nasdaq Canada, and represents seasoned listings on the Toronto Stock Exchange, with additional factors on market cap.