TSX
 The current White Logo |
|
| Type | |
|---|---|
| Location | Toronto, Ontario, Canada |
| Coordinates | |
| Founded | October 25, 1861 |
| Owner | TMX Group |
| Key people | Nick Thadaney (President and CEO, Global Equity Capital Markets, TMX Group) Lou Eccleston (CEO, TMX Group) |
| Currency | Canadian dollar |
| No. of listings | 2,207 (March 30, 2017) |
| Market cap | $2.2841 trillion (March 30, 2017) |
| Volume | 39.7 billion shares (June 30, 2014) |
| Indices |
S&P/TSX Composite S&P/TSX 60 S&P/TSX Completion Index |
| Website | www.tmx.com |
Toronto Stock Exchange (often abbreviated as TSX) is one of the world's largest . It is the by market capitalization. Based in Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities. A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds. More mining and oil and gas companies are listed on Toronto Stock Exchange than any other stock exchange.
The Toronto Stock Exchange likely descended from the Association of Brokers, a group formed by Toronto businessmen on July 26, 1852. No records of the group's transactions have survived. On October 25, 1861, twenty-four men gathered at the Masonic Hall to create the Toronto Stock Exchange. The exchange was 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 kept the Toronto Stock Exchange name. The TSX opened its new trading floor and headquarters in an Art Deco building on Bay Street in 1937. In 1977, the TSX introduced CATS (Computer Assisted Trading System), an automated trading system, and began to use it for the quotation of less liquid equities.
In 1983, the TSX vacated its Art Deco headquarters on Bay Street and moved into the Exchange Tower. The old TSX building later became the Design Exchange, a museum and education centre.
On April 23, 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.
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