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The Toronto Stock Exchange (also known as theTSX) is Canada's largest stock exchange, North America's second largest stock exchange, and the sixth largest in the world. It is the division of the TSX Group () that trades 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.
In the past TSE was used as the abbreviation of 'Toronto Stock Exchange', this was changed to TSX. TSE is currently used by the Tokyo Stock Exchange.
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 chose to keep the name Toronto Stock Exchange.
In 1977, the TSX 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 TSX'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.
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.
On February 6, 2006, the Toronto Stock Exchange closed at 12,080.53, 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.
Since then, the index has slightly decreased, incidentally, closing at 11,666.13 on June 6, 2006.
Companies traded on the TSX
- List of companies traded on the TSX
- S&P/TSX 60 Index
- S&P/TSX Composite Index (This replaced the TSX 300 on May 1, 2002)
See also
External links
Stock exchanges | Stock exchanges in North America
Bolsa de Valores de Toronto | Toronto Stock Exchange | Bursa Saham Toronto | Toronto Stock Exchange | 多伦多证券交易所
"Toronto Stock Exchange"