Montreal Exchange

From the Paper:

"Introduction
Companies have two methods which they can use to raise capital: they can borrow funds from banks or other investors (debt financing), or they can offer shares in their operations (equity financing). When companies offer shares to the public, they are inviting investors to participate in the operation of the company and share in the risk--and the reward--of the company's activities. Small companies are often very close to their investors, with major stockholders often serving as key executives in the firm. Once a company issues stock, however, it loses control of that ownership. Individuals can sell the stock to each other without the company's permission, and some investors purchase shares in companies without being interested in the daily operations of the organization. Over time, stock markets have evolved to.."

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