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Nasdaq Invades the Great White North: But Will Canadians Want to Go Through Quebec?

Traders Magazine, December 2000

Sanford Wexler

The Nasdaq Stock Market is heading North. It will soon launch Nasdaq Canada. In the first of a three-step plan, Nasdaq workstations were installed last November at ten Canadian securities firms in Montreal, Quebec. The firms can now trade Nasdaq-listed companies directly, rather than through their U.S.-based offices or U.S. broker dealers. These issuers include 42 Canadian companies previously listed exclusively on Nasdaq. (All told, there are 146 Canadian companies listed on Nasdaq). Nasdaq also has launched the web site, www.nasdaq-canada.com.

In the past, Canadian investors who wished to buy or sell the 42 Canadian companies that were only traded on Nasdaq in the U.S. had to open an account with a firm based in the U.S. to execute their orders. Canadian brokerages were restricted from trading these 42 Nasdaq stocks because they were not registered in Canada.

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