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Toronto Stock Exchange

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(Redirected from TSX)
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TSElogo.gif
Former logo of the Toronto Stock Exchange prior to the switch to TSX.

The Toronto Stock Exchange (TSX) is Canada's largest stock exchange, and the division of the TSX Group that holds senior equities. A broad range of businesses from Canada, the United States, and other countries are listed on the exchange. The TSX is headquartered in Toronto and maintains offices in Montreal, Winnipeg, Calgary, and Vancouver.

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History

The TSX likely grew from an "Association of Brokers" formed by Toronto businessmen on July 26, 1852. However, no official records remain of this group's transactions. On October 25, 1861, twenty-four men gathered at the Masonic Hall to officially create the Toronto Stock Exchange. The Toronto Stock Exchange became formally incorporated by an Act of the Legislative Assembly of Ontario in 1878.

The TSX grew continuously in size and in shares traded, save for a three month period in 1914 when the exchange was shut down for fear of financial panic due to World War I.

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.

Toronto Stock Exchange is one of the top exchanges in the world, in terms of Market capitalization and trading volume. It continues to be the fourth most active stock exchange in North America, preceded by the New York Stock Exchange, Nasdaq, and Chicago Stock Exchange.

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