DundeeWealth Inc. has made a strategic investment in CNSX Markets Inc., the company announced on Monday.

CNSX Markets, a privately held Canadian company, operates two markets: the Canadian National Stock Exchange and Pure Trading. CNSX is a full service stock exchange that lists equity, debt, investment funds, structured products, and ETFs. It has 120 securities listed, including 17 new listings that have joined in the last five months.

“CNSX provides a valuable alternative to issuers and complements other corporate finance and trading initiatives in place in our Capital Markets division,” said DundeeWealth president and CEO David Goodman.

“DundeeWealth’s investment reflects the growing relationship with the Dundee group that began with the listing of Eurogas International, one of Dundee Corporation’s subsidiary companies, on CNSX in April, 2009,” said Ian Bandeen, CEO of CNSX Markets. “The additional financial and strategic resources that DundeeWealth is delivering will allow us to leverage our strengthening position and facilitate the broader acceptance of an exceptional product.”

Joanne Ferstman, vice chair and head of capital markets at DundeeWealth added, “As a strategic initiative, our investment recognizes both CNSX’s streamlined regulatory model, which combines improved market integrity and its enhanced disclosure regime with a simplified listings process that saves both time and money, as well as its leading-edge electronic trading platform which can bring significant future prospects to its business.”

Ferstman added that DundeeWealth considers CNSX the “market of the future.”

“We are delighted to be able to play a more significant role in its business development,” she said.

Details of the investment were not disclosed.

IE