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Gold/Mining/Energy : Daytrading Canadian Stocks in Realtime $3.00 or less -- Ignore unavailable to you. Want to Upgrade?

To: Gulo who wrote (1630)	9/27/2000 9:16:12 PM
From: Buckey	Read Replies (1) \| Respond to of 4065

here was the list I had - just the new ones yle.u yew yeg ydc ydb ydd yfo ycy ytl yqr yul yfd.a ynd ync ymu ywm.a ymw ygl yvv ymr ymm ymk ytp ypa yzt yzn yww ywn ywo ywe yws ywl yvf.u yvm yma ymj ylt ytk ytw ytz ytq ytx yti yuf yrf yep ycf ytm yks ysq ysz ysc ysp yso yss ysk ysr ysx.u yrw yru.a yrh yrd yqd.u yrp ypb ypq ygf yfp ypo yde ypf.a yls ypn yla ype ypr ypj yoh yom ydi yod yln yci yko ydn yct ykt ycl ycm ykx ybo ycp ybw ykk yrc ybz ykb yky yrn ybr yka ybl yjt ybn yba yjv yav yiw ygt yms yey yaq yas.u ytn yqn yid yrl yif yar yhu ylf yfg yhb yhi yan yag yac.u yaa yft yae.a yse ynr yps yfi yfa ygr ypc yne yfi yft yor yhl yht yho ygi ynp ygy ygh yra ygd ygp yge.u ygs yga ygo yun

To: Gulo who wrote (1630)	9/28/2000 12:34:48 AM
From: bafan_57	Respond to of 4065

Yep! OTC stocks set for shakeup Richard Blackwell 03:26 GMT-04:00 Thursday, September 14, 2000 The Canadian Dealing Network, Canada's over-the-counter market for illiquid stocks since 1991, is set to disappear by mid-October. On Monday, Oct. 2, about 350 of the CDN's listed stocks will shift to the Canadian Venture Exchange (CDNX). A little over a week later, the balance of several hundred unlisted CDN stocks will move to a new entity called the Canadian Unlisted Board (CUB) -- a new Internet-based reporting system owned by CDNX. The shift is the latest move in the evolution of Canadian stock markets that began in March, 1999, with an agreement between the Montreal, Toronto, Vancouver and Alberta stock exchanges. In that deal, Toronto picked up all senior stocks, Montreal got all derivative trading, and junior listings moved to a merged Alberta and Vancouver exchange -- the CDNX. The plan called for the CDN -- a subsidiary of the Toronto Stock Exchange -- to shift its stocks to the CDNX, but it has taken months to work out the details of the transfer. Now, the move is set to coincide with the formal recognition by the Ontario Securities Commission of the CDNX, which will let the exchange operate without restrictions in the province and accept Ontario listings. That recognition will come at the start of October, barring last-minute glitches. This change is the biggest shakeup in Canada's over-the-counter trading system since 1991, when the CDN was created to take over the market. Previously, OTC trading was done through the Canadian OTC automated trading system (COATS), which was run by the OSC. OTC stocks are different from exchange-traded shares in that they are bought and sold by negotiation among investment dealers. The trading is monitored by regulators, but the companies are not subject to the same scrutiny as those listed on stock exchanges. The more liquid OTC stocks -- so-called quoted shares -- have at least one market maker to set a bid and ask price, and the prices are publicly listed. Trades in the less liquid OTC shares -- those that don't have quoted prices -- are currently reported by dealers through the TSE's computer-assisted trading system (CATS). The new arrangement means the 350 or so quoted firms on the CDN will move to a new grouping on the CDNX known as tier three (existing CDNX stocks make up tier one and tier two, depending on their size and other factors). While the CDN companies will initially have their own tier, they will have to meet the overall CDNX listing requirements to stay there. And eventually the CDN companies are expected to move up to tier one and tier two. The unquoted CDN firms -- and there are as many as 800 of them, although many are inactive -- will move to CUB. This is essentially a reporting system where investment dealers file information regarding their trades using Internet technology. While many of these unquoted stocks are small and involve very illiquid domestic companies, almost half are U.S. firms that trade infrequently in Canada. The change will be a huge improvement to the market, particularly for the quoted companies that are moving to the CDNX, said Kevan Cowan, the former director of the CDN who is now running the Ontario operation of CDNX. "They will be part of a sophisticated auction market. There will be much more visibility and transparency." CDNX is also a much better regulated market, he said. While that is an advantage to investors, the shift will mean companies have to meet the exchange's minimum listing standards going forward. "If they don't meet them they will fall off." Ted Norris, executive managing director for equity trading at BMO Nesbitt Burns Inc., agrees the new arrangement will be a big leap forward for both investors and brokerages dealing in the quoted OTC shares. "No doubt it's going to make it easier to handle client orders," he said, because prices and trades on CDNX will be fully displayed. For the unquoted stocks, the CUB will not be much different from the previous system. Reporting on the Internet instead of plugging prices into CATS will not create a significant advantage, Mr. Norris said. The expansion of CDNX into Ontario is part of the exchange's plan to become a truly national junior market. It has been operating under interim recognition in Ontario for several weeks, with the final recognition from the OSC expected to come into effect at the end of September. CDNX has offices in Vancouver, Calgary and Toronto, but may open others in the future, Mr. Cowan said. "Wherever there is demand, we'll be looking to go."