You are on page 1of 3

History

• 1852- 1871 - On October 1861 , stock exchange was officially founded through passage of a formal
resolution at Toronto’s Masonic Hall. A total of 18 stocks could be traded. 14 firms that traded stocks on the
exchange having paid $250 , so-called “seat”
• 1929- 1977- The stock market crash of 1929 did not have any significant effect on Canadian trading activity.
In 1955 the price for a seat rose to $100 000, and in 1958 The TSX became the world's first stock exchange to
introduce computer-assisted trading, in 1977, and, in the same year, created the TSE 300 index, an indicator
similar to the Dow Jones Index for the New York Stock Exchange, comprising 300 representative stocks that
are reviewed on a regular basis.
• 1990-1999- 1990s the TSX provided leadership in a number of areas: it became the first exchange to
introduce decimal trading (switching from fractions); it became the largest North American stock exchange to
move to a completely electronic trading environment. in 1999, the TSX paved the way for turning itself into a
public company by obtaining vice-regal assent to become a for-profit organization.
• 2000-present- In 2002 the TSX went public and was thus placed in the curious position of trading its own
shares, necessitating a stronger focus on independence and corporate governance among its board of
directors. 2004 saw the expansion of the TSX's activities into the trading of natural resources when it acquired
NGX Canada Inc, an exchange dealing in electricity and natural gas contracts
• In 1999 the exchanges in Vancouver, Calgary (known as the "Alberta Stock Exchange"), and Montréal
agreed to focus on specialty trades, leaving the TSX to handle the vast majority of the trading services. The
Vancouver and Alberta Stock Exchanges joined to form the Canadian Venture Exchange (CDNX), which
focused on junior stocks. It was also agreed at that time that the Winnipeg Stock Exchange would become a
CDNX member as well. It formally joined in late 2000. The Montréal stock exchange became the centre for
the trading of futures, options, and other derivatives. Also in 1999, the TSX paved the way for turning itself
into a public company by obtaining vice-regal assent to become a for-profit organization.
• The beginning of the 21st century saw the TSX consolidate its own activities and those of other exchanges
across the country even further - under the umbrella of the TSX Group. The Canadian Venture Exchange
ceased to exist and became the TSX Venture Exchange while the Montréal exchange continued to be
responsible for the trading of derivatives. This move all but cemented the TSX Group's role as the country's
national stock market operator and regulator in spite of the absence of a formal national mandate.
• In 2002 the TSX went public and was thus placed in the curious position of trading its own shares,
necessitating a stronger focus on independence and corporate governance among its board of directors.
Among other steps it took to preserve its integrity was the transfer of regulatory duties to Market Regulation
Services Inc and the Investment Dealers Association. In the same year, Standard and Poor's assumed
responsibility for the TSE 300 index, which was subsequently rebranded the "S & P/TSX Composite Index."
• 2004 saw the expansion of the TSX's activities into the trading of natural resources when it acquired NGX
Canada Inc, an exchange dealing in electricity and natural gas contracts.
• The TSE 300 was followed by the Toronto 35, made up of 35 of
Canada's largest corporations, in 1987, the same year that the world's
stock markets "crashed," pushing all major indices into a freefall. The
TSE 300 dropped by more than 300 points and the TSX overall lost
$37 billion, or 11.3 percent of its value.

• Today it is located in the Exchange Tower at 130 King Street West in


Toronto.

You might also like