North American Industry Classification System (NAICS) Canada 2017 Version 2.0

• 52 - Finance and insurance
• 523 - Securities, commodity contracts, and other financial investment and related activities
• 5231 - Securities and commodity contracts intermediation and brokerage
• 52311 - Investment banking and securities dealing^US

523110 - Investment banking and securities dealing^US

This Canadian industry comprises establishments primarily engaged in acting as principals (investors who buy or sell on their own account), generally on a spread basis, in originating, underwriting and/or distributing issues of securities of businesses, governments and institutions.

• Illustrative example(s)

  • government bond underwriters
  • investment banking
  • securities distributing (acting as a principal in dealing securities to investors)
  • securities originating (acting as a principal in dealing new securities to investors)
  • underwriters, securities

  All examples

• Inclusion(s)

  • making markets (dealing or trading) in securities

• Exclusion(s)

  • buying or selling securities for others on a commission basis (See 523120 Securities brokerage)