FT Markets Data

CDR Lineup Now Features 65 Blue-Chip U.S. Stocks

TORONTO--(BUSINESS WIRE)--Sep. 18, 2024-- Today Cboe Canada Inc. (“Cboe Canada”) is proud to celebrate the recent three-year anniversary of Canadian Depositary Receipts (“CDRs”) with the launch of ten new CDR tickers by CIBC.

CDRs allow Canadian investors to easily access exposure to some of the biggest U.S. listed companies – all in Canadian Dollars. Offered at a fraction of the price per share of the underlying stock, CDRs provide streamlined exposure to cross-border investing with a built-in currency hedge to mitigate currency risk. Following the launch of this industry-first innovation in 2021, CDRs have demonstrated continuously increasing investor demand, now touting over $6 Billion in AUM.

The ten newest CDRs are now trading on Cboe Canada under the following names and symbols:

  • 3M CDR (CAD Hedged) - MMMM
  • American Express CDR (CAD Hedged) – AXP
  • Booking CDR (CAD Hedged) – BKNG
  • CrowdStrike CDR (CAD Hedged) – CRWD
  • Ford CDR (CAD Hedged) – F
  • General Electric CDR (CAD Hedged) – GE
  • Intuitive Surgical CDR (CAD Hedged) – ISRG
  • Micron CDR (CAD Hedged) – MU
  • Qualcomm CDR (CAD Hedged) – QCOM
  • Texas Instruments CDR (CAD Hedged) – TXN

“We’re proud of the continued expansion of our platform, allowing investors to gain access to global companies within their portfolios,” said Elliot Scherer, Managing Director and Global Head, Wealth Solutions Group at CIBC Capital Markets. “As investors look to diversify their portfolios while managing currency risk, we look forward to expanding our CDR offering and developing further innovative solutions to meet their needs.”

With the addition of these most recent tickers, there are now 65 CDRs of blue-chip U.S. companies trading on Cboe Canada.

“Congratulations to CIBC on another exciting launch and three years of CDR success! CDRs are an innovative and proven solution for Canadian investors seeking access to big name stocks listed south of the border,” remarked Rob Marrocco, Global Head of ETF Listings at Cboe Global Markets. “We are proud of the relationship we have built with CIBC and are honoured to be the exclusive listing exchange for CDRs.”

For more information about CDRs, please visit https://www.cboe.ca/en/services/raising-assets/canadian-depositary-receipts.

Cboe Canada is now home to 65 Canadian Depositary Receipts, as well as ETFs from Canada’s largest ETF issuers and some of the most innovative Canadian and international growth companies. Cboe consistently facilitates 15% of all volume traded in Canadian listed securities. Click here for a complete view of all Cboe-listed securities.

About Cboe Canada

Cboe Canada is Canada’s Tier 1 stock exchange, providing a best-in-class listing experience for issuers that are shaping the economies of tomorrow. Fully operational since 2015, Cboe Canada lists investment products and companies seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Cboe Canada is part of the Cboe Global Markets network, leveraging deep international expertise, industry-leading market intelligence and technology, and unparalleled service to deliver what stakeholders and the world need now, and for the future.

Connect with Cboe Canada: Website |LinkedIn|X |Instagram|Facebook

Cboe Canada Media Contact:
media@cboe.ca

Source: Cboe Canada Inc.