Toronto Stock Exchange
The Toronto Stock Exchange is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in the EY Tower in Toronto's Financial District, the TSX is a wholly owned subsidiary of the TMX Group for the trading of senior equities.
Some of the key events about Toronto Stock Exchange
- 1852Established as the Toronto Stock Exchange, becoming Canada's first formal stock exchange
- 1929The exchange experienced a significant crash during the Great Depression
- 1934Moved to a new trading floor on Bay Street, marking its growth and importance
- 1934The exchange was criticized for its slow adoption of regulatory reforms following the 1929 crash
- 1964The exchange faced controversy over its handling of the Windfall Oils and Mines scandal
- 1977Introduced the world's first computer-assisted trading system, CATS
- 1987The TSE suffered major losses during the global stock market crash known as "Black Monday"
- 1997Became the first North American exchange to fully automate its trading floor
- 1997The exchange was criticized for its slow response to the Bre-X mining scandal
- 1999Merged with the Montreal Exchange, Alberta Stock Exchange, and Vancouver Stock Exchange to form the Canadian Venture Exchange
- 2000Demutualized and became a for-profit corporation
- 2002Launched the S&P/TSX Composite Index, replacing the TSE 300 Composite Index
- 2002The TSX faced scrutiny for its role in the Nortel accounting scandal
- 2008Merged with the Montreal Exchange to create the TMX Group
- 2008The exchange experienced significant declines during the global financial crisis
- 2011The TSX merger with the London Stock Exchange Group failed, disappointing investors
- 2014Introduced a new high-performance trading engine called TMX Quantum XA
- 2014A technical glitch halted trading for several hours, causing disruption and financial losses
- 2016Launched TSX Private Markets to facilitate capital raising and trading for private companies
- 2018The exchange faced criticism for its handling of the CannTrust Holdings cannabis licensing scandal
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
Toronto Stock Exchange Latest news
Popular
New Syrian leader reveals empty coffers as dollar hits 35,000 pounds
Lithuanian defense chief warns: Europe must pay its fair share for protection
Trump's unexpected trade strategy leaves world markets guessing what's next
Biden talks big money and future of women's health at White House meeting
