Nasdaq CXC Ltd. and Ensoleillement Inc. have applied to operate as exchanges in Canada, according to an Ontario Securities Commission bulletin.
Nasdaq CXC currently runs as an alternative trading system with three equity trading facilities, as well as a fixed-income facility. If the commission approves the application, the trading facilities will become trading facilities of the exchanges.
Nasdaq CXC is not currently proposing to list issuers' securities. If it chooses to do so later, the commission will review the listing rules.
The commission is accepting comment on the application until Nov. 13.
Nasdaq CXC is a wholly owned subsidiary of Ensoleillement, which is owned by Nasdaq Inc.