History of the Toronto Stock Exchange?

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The Toronto Stock Exchange has descended from an Association of Brokers group formed by Toronto businessmen on July 26, 1852. Twenty-four men gathered at the Masonic Hall to officially create the Toronto Stock Exchange On October 25, 1861. The exchange was then formally incorporated by an act of the Legislative Assembly of Ontario in 1878.

The TSE grew continuously except 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 was merged with its key competitor the Standard Stock and Mining Exchange. The merged markets decided to keep the name Toronto Stock Exchange. In 1977, the TSX introduced CATS (Computer Assisted Trading System).

On April 23rd, 1997, the TSX's trading floor closed, thus making it the second-largest stock exchange in North America to choose a floorless, electronic (virtual trading) environment.

Through a realignment plan, Toronto Stock Exchange became Canada's sole exchange for trading of senior equities. The Bourse de Montréal/Montreal Exchange gained responsibility for the trading of derivatives and the Vancouver Stock Exchange and Alberta Stock Exchange merged to form the Canadian Venture Exchange (CDNX) to handle 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. Then in 2001, the Toronto Stock Exchange acquired the Canadian Venture Exchange, which was renamed to TSX Venture Exchange in 2002.

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