Does S&P/TMX Market Access replace a U.S. listing?
The answer depends on the reason for listing in the U.S. S&P/TMX Market Access Program may help your companys visibility to the U.S. retail investor market by helping to unlock the broker restrictions leading hopefully to improved liquidity and an expanded investor base. Inter-listing on a major U.S. exchange has the same effect but is more resource intensive and costly for this purpose.