The Toronto Stock Exchange (often abbreviated TSX ) is a stock exchange in Toronto, Ontario, Canada. This is the ninth largest market in the world based on market capitalization. Based in Exchange Tower in Toronto Financial District, TSX is a wholly owned subsidiary of TMX Group for senior equity trading. Businesses from Canada and abroad are represented on the exchange. In addition to the conventional securities, the bourse lists various exchange-traded funds, divided corporate shares, trust earnings and investment funds. More mining and oil and gas companies are listed on the Toronto Stock Exchange than any other stock exchange.
Video Toronto Stock Exchange
History
The Toronto Stock Exchange is likely to be from the Association of Brokers , a group formed by Toronto entrepreneurs on July 26, 1852. There is no record of a surviving group transaction. On October 25, 1861, twenty-four people gathered at Mason Hall to create the Toronto Stock Exchange. The exchange was included by the act of the Ontario Legislative Assembly in 1878.
The TSX grew continuously in size and in traded stocks, except for a three-month period in 1914 when the exchange closed for fear of financial panic due to World War I. In 1934, the Toronto Stock Exchange merged with its main competitor, Standard Exchange and Mining. The merged markets retain the name of the Toronto Stock Exchange. TSX opened a new floor and trading headquarters in an Art Deco building on Bay Street in 1937. In 1977, TSX introduced the CATS (Computer Assisted Trading System), automated trading system, and began using it for less equity liquid credits.
In 1983, TSX vacated its Art Deco headquarters on Bay Street and moved to the Exchange Tower. The old TSX building later became the Design Exchange, a museum and educational center.
On April 23, 1997, the TSX trading floor closed, making it the second largest stock market in North America to choose a floorless, electronic (or virtual) environment. In 1999, the Toronto Stock Exchange announced the appointment of Barbara G. Stymiest to the position of President & amp; Supreme Exclusive Official.
Through the restructuring plan, the Toronto Stock Exchange became Canada's sole exchange for senior equity trading. Bourse de Montrà ©  © al/Montreal Exchange accepts responsibility for derivatives trading and the Vancouver Stock Exchange and Alberta Securities Exchange merge to form the Canadian Exchange Venture Exchange (CDNX) exchange in junior equities. Canadian Dealing Network, the Winnipeg Stock Exchange, and equity portion of the Montreal Stock Exchange later joined CDNX.
In 2000, the Toronto Stock Exchange became a non-profit company, and in 2001 the acronym was changed to TSX. In 2001, the Toronto Stock Exchange acquired the Canadian Venture Exchange, which was renamed to TSX Venture Exchange in 2002; this creates parent creations to TSX, TSX Group. It ended 123 years of TSE usage as a Canadian stock exchange. On May 11, 2007, S & amp; P/TSX Composite, the main index of the Toronto Stock Exchange, traded above the 14,000 point level for the first time. On December 17, 2008, for the first time in TSX history, the exchange was closed for the entire trading day due to a technical error.
On February 9, 2011, the London Stock Exchange announced that it has agreed to join TMX Group, the parent of the Toronto Exchange, hoping to create a combined entity with a market capitalization of $ 5.9 trillion (£ 3.7 trillion). Xavier Rolet, who is CEO of the LSE Group, will lead an enlarged new company, while TMX Chief Executive Thomas Kloet will become the new company president. Based on data from December 30, 2010, the new exchange will be the second largest in the world with a market cap 48% larger than the Nasdaq. 8 of the 15 board members of the combined entity will be appointed by LSE, 7/15 by TMX. The temporary name for the aggregate group is LTMX Group plc. About two weeks after the Maple Group launched a competing offer, the LSEG-TMX agreement was terminated after failing to receive 67% voter approval from TMX Group shareholders. The rejection comes amid new concerns raised by Bank of Canada Governor Mark Carney about foreign controls over the clearing system and opposition to the deal by Ontario's finance minister.
On June 13, 2011, rivals, and a hostile offer from the Maple Group of Canadian interests, was inaugurated. A cash offer and $ 3.7 billion CAD stake, in the hope of blocking the takeover of TMX by the LSE Group. This group consists of leading banks and Canadian financial institutions.
In March 2015, a competitive exchange, Aequitas Neo, was opened for trading, listing 45 issues that have been registered only on the TSX. This new exchange aims to focus on justice, particularly on the so-called "high-frequency trading practices". Exchange plan for additional list of TSX-listed securities.
Maps Toronto Stock Exchange
Clock
This exchange has a normal trading session from 09.30 am to 16.00 pm ET and market sessions from 4:15 pm to 5:00 pm ET on all days of the week except Saturdays, Sundays and holidays declared by the previous Exchange.
Registered companies
As of December 2017, the Toronto Stock Exchange has 1,501 listed issuers (including ETFs and other structured financial products) with a combined market capitalization of CAD $ 2,968,589,908,968.
The exchange is home to all Big Five Canadian commercial banks - the Canadian Imperial Bank of Commerce (CIBC), the Bank of Montreal, the Bank of Nova Scotia, the Royal Bank of Canada and the Toronto-Dominion Bank - make central exchanges for banking in the country. This was seen as most evident during the merger proposed by Royal Bank with Bank of Montreal, and CIBC with Toronto-Dominion Bank in 1998. Then Finance Minister Paul Martin blocked the merger to maintain the competition.
The exchange is a major list for several energy companies including; Cameco Corporation, Canadian Natural Resources Ltd., EnCana Corporation, Husky Energy Inc., Imperial Oil Ltd. and Nexen Inc. all of which are listed in the top 40 listed companies.
Many of the big companies listed on the TSX, especially those in the S & P index, TSX 60, have a secondary listing on US exchanges like the New York Stock Exchange.
See also
- Stock market index
- List of stock exchanges
- List of stock exchanges in America
- List of stock exchanges at Commonwealth of Nations
- S & amp; P/TSX 60
- Category: List of companies listed on the Toronto Stock Exchange
References
External links
- Official site
- Exchange Tower at Emporis.com
Source of the article : Wikipedia
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