Montreal Exchange
| Bourse de Montréal | |
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| Type | Derivatives exchange |
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| Location | Montreal, Quebec, Canada |
| Coordinates | 45°30′2″N 73°33′42″W / 45.50056°N 73.56167°W |
| Founded | 1832 |
| Owner | TMX Group |
| Key people | Luc Fortin (President & CEO) |
| Currency | Canadian dollar |
| Indices |
S&P/TSX S&P/TSX 60 S&P/TSX Venture S&P/TSX Small Cap. TR Canada 50 |
| Website | www.m-x.ca |
The Montreal Exchange or MX (Bourse de Montréal, formerly Montreal Stock Exchange (MSE)) is a derivatives exchange, located in Montreal, that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in the Tour de la Bourse (Stock Exchange Tower), Montreal's third-tallest building. It is owned by Toronto- based TMX Group.
The first exchange in Canada began in 1832 as an informal at the Exchange Coffee House in Montreal. In 1874, Lorn MacDougall, along with his brothers Hartland St. Clair MacDougall and George Campbell MacDougall, James Burnett and Frank Bond were the driving force behind the creation of the (a name that was used until 1982 when it became the Montreal Exchange). The shareholders voted Lorn MacDougall its first Chairman of the Governing Committee, a position he held until poor health forced him to retire in 1883.
By 1910, the number of trades amounted to about $2.1 million whereas the Toronto Stock Exchange only amounted to $900,000. The prosperity of the Montreal Stock Exchange led to the creation of major corporations like Dominion Textile and Montreal Light, Heat & Power.
At that time, many major financial institutions established their headquarters on and around St. James Street. In 1903, the same year as the construction of New York's now famous Exchange Building, the commissioned the same architect, George B. Post, to design its magnificent building on St. Francois-Xavier Street.
World War I marked the end of Canada's dependence on London's market. By contributing greatly to the war effort, Canada's economy was greatly strengthened by the war. All through the 1920s, Montreal's market experienced strong growth, reaching $3.5 million. In 1926, the "" was created to allow trading in speculative and junior stocks. If successfully grown, they could apply for a transfer to the main Exchange. In 1953, the Curb Market was renamed the .
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