Toronto Stock Exchange

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The Toronto Stock Exchange (TSX) is Canada's largest stock exchange, North America's third largest stock exchange, and the sixth largest in the world. It is 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, the third largest financial centre in North America, and maintains offices in Montreal, Winnipeg, Calgary, and Vancouver.

1 History
2 Companies traded on the TSX
3 See also
4 External links

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History

Image:TSX outside.jpg 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 adopted the name, Toronto Stock Exchange.

In 1977, the TSE introduced CATS (Computer Assisted Trading System), an automated trading system that started to be used for the quotation of less liquid equities.

In 1997, the TSE's trading floor closed, making it the second-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.

Image:TSElogo.gif 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.

In April 2005, the Toronto Stock Exchange made public its intention of acquiring the Montreal Exchange, circumventing the non-compete agreement that would expire in 2009.

On February 6, 2006, the Toronto Stock Exchange closed at 12,080.530, the first time it has surpassed the 12,000 mark in its history.

On April 6, 2006, the Toronto Stock Exchange closed at a new record high of 12,342.02.

Toronto Stock Exchange is one of the largest exchanges in the world, in terms of market capitalization and trading volume. It is the sixth largest exchange in the world by market capitalization after the NYSE, Tokyo Stock Exchange, NASDAQ, London Stock Exchange, and Euronext. It is the third most active stock exchange in North America, behind the New York Stock Exchange and the NASDAQ.

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