![You Can Now Deal WEED on the Floor of Toronto's Stock Exchange ... You Can Now Deal WEED on the Floor of Toronto's Stock Exchange ...](https://i0.wp.com/imagos.club/wp-contents/uploads/2013/12/Ab5jmg.jpg)
Toronto Stock Exchange (often abbreviated as TSX) is one of the world's largest stock exchanges. It is the ninth largest exchange in the world 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.
![File:Toronto Stock Exchange.jpg - Wikimedia Commons File:Toronto Stock Exchange.jpg - Wikimedia Commons](https://i0.wp.com/imagos.club/wp-contents/uploads/2013/6/qLJ3Hz.jpg)
Maps, Directions, and Place Reviews
History
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.
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, and in 2001 its acronym was changed to TSX. In 2001, the Toronto Stock Exchange acquired the Canadian Venture Exchange, which was renamed the TSX Venture Exchange in 2002; this resulted in the creation of a parent to the TSX, the TSX Group. This ended 123 years of the usage of TSE as a Canadian stock exchange. On May 11, 2007, the S&P/TSX Composite, the main index of the Toronto Stock Exchange, traded above the 14,000 point level for the first time ever. On December 17, 2008, for the first time in TSX history, the exchange was closed for an entire trading day due to a technical glitch.
On February 9, 2011, the London Stock Exchange announced that it had agreed to merge with the TMX Group, Toronto Stock Exchange's parent, 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, would head the new enlarged company, while TMX Chief Executive Thomas Kloet would become the new firm president. Based on data from December 30, 2010 the new stock exchange would have been the second largest in the world with a market cap 48% greater than the Nasdaq. 8 of the 15 board members of the combined entity will be appointed by LSE, 7/15 by TMX. The provisional name for the combined group would be LTMX Group plc. About two weeks after Maple Group launched a competing bid the LSEG-TMX deal was terminated after failing to receive the minimum 67% voter approval from shareholders of TMX Group. The rejection came amidst new concerns raised by Bank of Canada governor Mark Carney regarding foreign control of clearing systems and opposition to the deal by Ontario's finance minister.
On June 13, 2011, a rival, and hostile bid from the Maple Group of Canadian interests, was unveiled. A cash and stock bid of $3.7 billion CAD, in hopes of blocking the LSE Group's takeover of TMX. The group is composed of the leading banks and financial institutions of Canada.
In March 2015, a competing exchange, Aequitas Neo, opened for trading, listing 45 issues that had been listed only on the TSX. The new exchange aims to focus on fairness, specifically regarding what it refers to as "predatory high-frequency trading practices". The exchange plans to list additional TSX-listed securities.
Toronto Stock Market Index Video
Hours
The exchange has a normal trading session from 09:30am to 04:00pm ET and a post-market session from 4:15pm to 5:00pm ET on all days of the week except Saturdays, Sundays and holidays declared by the Exchange in advance.
![Coriel Electronics | Market stock toronto Binary Trading Brokers ... Coriel Electronics | Market stock toronto Binary Trading Brokers ...](https://i0.wp.com/imagos.club/wp-contents/uploads/2016/1/kcmQdH.jpg)
Companies listed
As of December 2017, Toronto Stock Exchange had 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 of Canada's Big Five commercial banks--Canadian Imperial Bank of Commerce (CIBC), Bank of Montreal, Bank of Nova Scotia, Royal Bank of Canada and the Toronto-Dominion Bank--making the exchange the centre for banking in the country. This was seen as being most evident during the proposed mergers of Royal Bank with Bank of Montreal, and CIBC with the Toronto-Dominion Bank in 1998. Then Finance Minister Paul Martin blocked the mergers to preserve competition.
The exchange is the primary listing for several energy companies including; Cameco Corporation, Canadian Natural Resources Ltd., EnCana Corporation, Husky Energy Inc., Imperial Oil Ltd. and Nexen Inc. all within the top 40 companies listed in on the exchange.
Many of the large companies listed on the TSX, especially those on the S&P/TSX 60 index, have a secondary listing on an American exchange such as the New York Stock Exchange.
Source of the article : Wikipedia
EmoticonEmoticon