subject: Information About Toronto Stock Exchange [print this page] Based in Canada's largest city, the Toronto Stock Exchange (TSX), enjoys its place as the largest stock exchange in the country, and the 3rd largest throughout the whole of N. America. By market capitalization too, it is the world's 8th largest, helped in part by the key industries which list on the TSX in large numbers.
A Global Community: The TSX naturally lists many conventional securities which operate out of Canada. However, it also attracts a diverse range of securities from its neighbor, many countries which make up Europe, and other countries from across the world.
Alongside regular securities which are listed, the TSX also lists a range of exchange-traded funds, income trusts, investment funds and split share corporations. Included in the companies which use the platform to trade are all of Canada's major banking institutions, which ensures it place as the financial capital within the country.
This is a real shot in the arm for its success of course, but the real strength comes from its position as the world's leading trading base for oil, gas and mining. Above anything else, it is this positioning which drives it forward.
History: The TSX has had a presence going back to the mid 1800s, and seen many developments over the years. No more have these been felt than in the first decade of the 21st century however, as acquisitions and move to a profit making organization were taken.
As with all major exchanges across the world, the TSX operates according to local time. As such, markets are open from 09:30am until 04:00pm Eastern Time. However, with the development of electronic trading, which the TSX was amongst the first to grasp fully, it does allow for a post-market session from 04:15pm to 05:00pm throughout the week for members. As is standard, weekends and declared public holidays are not open to market.
With its fully integrated presence online, the exchange is accessible to traders at all times, and gives a complete run down of the situation at closing each day. This gives a complete breakdown of all daily volumes, advances and declines, whilst traders can also access their own stock lists through a dedicated account.
From its beginnings back in 1861, the Toronto Stock Exchange has continued to develop into what it has become today. With proactive management, and the security of the fossil fuel industry, it has become respected the world over. However, its reliance on oil and gas market will surely see it face challenging times over coming years; but then managing finances is all about challenges after all.
