Toronto Stock Exchange
The Toronto Stock Exchange (TSX) is Canada's largest stock exchange, and provides a market for senior equities. Listed companies on the exchange represent a broad range of businesses from across Canada, the United States and other countries. The Toronto Stock Exchange is a part of the TSX Group.
The TSX Group also operates the TSX Venture Exchange, which provdes a market for junior equities. TSX is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary and Vancouver.
History
The TSX may have originated as early as July 26, 1852 when a group of Toronto businessmen met with the intention to form an "Association of Brokers". Although they may have traded in the shares that were available at that time, no official records remain of the group's transactions. It was on October 25, 1861, when twenty-four men gathered at the Masonic Hall to create the Toronto Stock Exchange. The Toronto Stock Exchange became formally incorporated by an Act of the Legislative Assembly of Ontario in 1878.
The fear of financial panic when World War I was declared prompted the Toronto Stock Exchange to cease operations for three months, beginning July 28, 1914.
In 1934, the Toronto Stock Exchange merged with its key competitor, the Standard Stock and Mining Exchange. The merged markets adopt the name, Toronto Stock Exchange.
In 1997, the TSE's trading floor closed, making it the largest stock exchange in North America to choose a floorless, electronic (or virtual trading) environment.
In 1999, the Toronto Stock Exchange announced the appointment of Barbara G. Stymiest to the position of President & Chief Executive Officer. She became the first female president of a North American stock exchange.
Through a realignment plan, Toronto Stock Exchange became Canada's sole exchange for the trading of senior equities. The Bourse de Montréal/Montreal Exchange assumed responsibility for the trading of derivatives and the Vancouver Stock Exchange and Alberta Stock Exchange merged to form the Canadian Venture Exchange (CDNX) handling trading in junior equities. The Canadian Dealing Network, Winnipeg Stock Exchange, and equities portion of the Montreal Exchange later merged with CDNX.
In 2000, the Toronto Stock Exchange became a for-profit company.
In 2001, the Toronto Stock Exchange acquired the Canadian Venture Exchange, which was renamed the TSX Venture Exchange in 2002.
See also: List of stock exchanges
Companies
External Links
