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A comment on Texas poised to get own stock exchange – with less red tape than NYSE or Nasdaq. Parent comment

Re:Texas poised to get own stock exchange – with less red ta... by chollida1 on Wednesday June 05, 2024 @10:31AM (#40585238)
> Which let's the Texas of Canada, Alberta, run it's own stock exchange with much looser listing requirements and security requirements. This Texas exchange will not have that advantage.

One point of note, there hasn't been an Alberta stock exchange since 1999. The Toronto stock exchange bought the Vancouver, Alberta and small cap option market form Montreal and merged them into one stock exchange called the Toronto Venture stock exchange.

Its head quarters are in Calgary but its computer are located in Ontario and its under IIROC supervision and rules. And the BC and Alberta government co regulate it but their securities commission rules aren't what's followed, its the IIROC rules that apply.

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Re:Texas poised to get own stock exchange – with less red ta... by astrodust on Wednesday June 05, 2024 @10:49AM (#40585497)
The Canadian Venture Exchange was absolute anarchy, and that was compared to the already lax Toronto exchange that had been chock full of sketchy mining stocks, the poster child of which was Bre-X.

Which of course was from Calgary.

https://en.wikipedia.org/wiki/Bre-X

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Re:Texas poised to get own stock exchange – with less red ta... by chx on Wednesday June 05, 2024 @11:47AM (#40586364)
> Busang's gold resource was estimated by Bre-X's independent consulting company, Kilborn Engineering (a division of SNC-Lavalin of Montreal

Ah yes, SNC-Lavalin and fraud, name a more iconic duo.

https://www.cbc.ca/news/canada/montreal/snc-lavalin-trading-...

https://en.wikipedia.org/wiki/SNC-Lavalin_affair

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Re:Texas poised to get own stock exchange – with less red ta... by astrodust on Monday June 10, 2024 @10:27AM (#40634005)
If only they still made Heritage Minutes.
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Re:Texas poised to get own stock exchange – with less red ta... by chollida1 on Wednesday June 05, 2024 @10:58AM (#40585647)
Bre-X was actually dual listed on the TSX(in Toronto) and the Nasdaq in the US, not the junior venture exchange.

But, agreed, that stock was a wild ride while it lasted!!

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