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Welcome to egX Canada
elcome to egX Canada, a new marketplace developed in response to the world-wide trend toward the securitization of real estate assets. Our goal is to increase the number of publicly traded real estate issuers and thus create the largest peer group of real estate listings in any marketplace.
In the aftermath of the credit crunch, the commercial real estate industry is faced with a tightening of the credit markets. The egX Canada marketplace will provide a new source of buyers and sellers to promote liquidity and access to capital. Investor demand for stable returns backed by long lived tangible assets is still high. Real estate transactions are still being facilitated. There’s never been a better time to explore alternative financing methods, including the public equity markets.
Progress Update:
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Precondition for Launch |
Achieved |
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| March/07 | egX Canada received a Recognition Order as an exchange from the British Columbia Securities Commission. egX Canada is one of a few recognized exchanges in Canada, offering a fully regulated, transparent and liquid marketplace. (click here to view) |
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| August/07 | egX applied to the Autorité des marchés financiers (AMF) for authorization to carry on securities exchange activities in Quebec. | ||
| October/07 | Agreement reached for the provision of trade clearing and settlement services with Clearing and Depository Services Inc. (CDS). |
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| March/08 | Agreement reached with Investment Industry Regulatory Organization of Canada - IIROC (formerly Market Regulation Services Inc.), to provide regulation services for egX Canada. |
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| June/08 | • Connectivity to IIROC confirmed • Connectivity to CDS confirmed • Pricewaterhouse Coopers LLP (PwC) appointed to review information technology processes and controls |
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| July/08 | egX Canada accepted final release of its trading platform software from NASDAQ OMX. |
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| July – Oct/08 | • Integration testing with NASDAQ OMX • Testing phase with investment dealers and vendors |
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| September/08 | Internal systems review completed |
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| October/08 | Ontario Securities Commission granted an exemption order to egX Canada and egX Group, authorizing egX Canada to carry on business as a stock exchange in that province. The exemption order is significant as Ontario represents a vital market of issuers, investment dealers and investors. (click here to view) |
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| Q4 | Tradings systems review |
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| Q4 | Launch will be dependent on meeting business plan goals and objectives |
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egX Canada’s trading system and processes will be functional by the end of this quarter and the exchange will be able to accept listings once it meets all the conditions set out by the British Columbia Securities Commission
Recognition Order (Click here to view). As we work towards the launch of our new marketplace, we are open for business to discuss:
Recognition Order (Click here to view). As we work towards the launch of our new marketplace, we are open for business to discuss:
- Listing on egX Canada - We can guide potential issuers through the listing process and facilitate introductions to investment dealers. If you are thinking about listing on egX Canada, we recommend that you first contact an egX Canada representative to request a pre-filing conference. Pre-filing conferences help facilitate and identify key filing issues as early as possible in the listing process. listings@egXCanada.com
- Becoming an egX Participant - Now’s the time to join our marketplace! We are inviting all IIROC members to participate in the connectivity testing phase. Depending on your firm’s technology, we will immediately set up a connectivity testing schedule. egX Canada staff are working with multiple vendors and will work with each investment dealer and its vendors to ensure connectivity. Contact us to begin the process. WCox@egXCanada.com
- Listing products to meet investor demands - egX Canada is launching a specialized marketplace with specifically designed products for the real estate sector. Turning physical assets into tradable securities is a trend that is in high demand as investors are looking for steady income from real estate. With new listing products and flexible rules and policies, egX Canada’s goal is to rapidly increase the securitization of real estate and open up this sector to all types of investors.
| Types of Securities Real Property Investment Units (RPI Units) Common/Preferred Shares Trust Structures Debt Securities |
Types of Issuers Revenue Producing Real Estate Land Banking Mortgage Pools/Funds Structured Products Infrastructure Projects/Funds Limited Partnerships REITs |