Beginning in early October, global investors will be able to trade popular mining and materials sector securities in U.S. dollars on the Toronto Stock Exchange.
Eight major and actively-traded mining and materials sector stocks will be added to the 8 mining stocks already traded in US dollars on the TSX.
“The U.S. dollar book pilot, launched earlier this year, has helped TSX and the industry resolve inefficiencies in dual-currency trading of TSX stocks”, said Richard Nesbitt, President of TSX Markets, in a news release. “Adding US dollar trading in more securities will improve price transparency for global U.S. dollar-based investors who are looking for liquidity in TSX stocks.”
Traders in TSX U.S. dollar book securities enjoy the same full range of options as are available in the existing TSX marketplace, allowing various trading styles, sizes, and preferences to interact efficiently and fairly in one marketplace.
The following securities will be added to the TSX US$ book in October:
- Abitibi – Consolidated Inc. (A and A.U)
- Bema Gold Corporation (BGO and BGO.U)
- Crystallex International Corporation (KRY and KRY.U)
- Glamis Gold Ltd. (GLG and GLG.U)
- Golden Star Resources Ltd. (GSC and GSC.U)
- IAMgold Corporation (IMG and IMG.U)
- Northgate Minerals Corporation (NGX and NGX.U)
- Pan American Silver Corp. (PAA and PAA.U)
.The TSX U.S. dollar book is available to all TSX market participants, and market data on trading is available alongside existing TSX market information.