Fineqia International (CSE:FNQ,OTCPink:FNQQF,FWB:FNQA) has now been added to the Composite Index of Canadian Securities Exchange.
As quoted in the press release:
The two-year-old Composite Index is comprised of shares of listed companies that meet market capitalisation, trading and seasoning criteria established by the CSE. A key requirement for consideration into the index is a company’s securities need to fall within the top quartile of eligible securities listed on the CSE.
“We appreciate the recognition from the CSE and believe this is an excellent step forward for us,” said Fineqia’s CEO Bundeep Singh Rangar. “We will continue to perform at the highest level to ensure further positive growth and maintain our position within the index.”
“One of the reasons we introduced the index was to recognize the achievements of CSE listed companies as determined by participants in the market,” said the CSE’s Senior Vice President Robert Cook. “We are pleased that so many like Fineqia have attained that level of success.”
The CSE Composite Index is a broad indicator of market activity for the Canadian Securities Exchange (CSE). It is calculated and published by Solactive AG, a Frankfurt, Germany-based indexer with approximately 350 clients in Europe, America and Asia that counts approximately US$100 billion invested in products linked to indices calculated by the Company globally.