Toronto Stock Exchange (TSX)
TMX Group is an integrated, multi-asset class exchange group. TMX Group’s businesses operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. They also provide clearing facilities, data products and other services to the international financial community.
Business
Issuer Services
TMX Group owns and operates Toronto Stock Exchange and TSX Venture Exchange. Toronto Stock Exchange, established in 1852, provides senior issuers with efficient access to public equity, liquidity for existing and new investors, and the prestige and market exposure associated with being listed on a world-class market. Serving the public venture capital market, TSX Venture Exchange provides access to growth capital for early stage companies while offering investors a well-regulated market for making venture investments. The Equicom Group, our investor relations subsidiary, is a leading provider of investor relations and corporate communications services.
Trading
TMX Group has trading capability in cash equities, fixed income, derivatives and energy. Our trading strategy includes best-in-class technology solutions, innovative new trading products and a competitive pricing model that encourages increased trading and order flow. Wholly-owned Montréal Exchange provides interest rate, index and equity derivatives trading and clearing; it in turn owns a majority interest in Boston Options Exchange* (BOX). Natural Gas Exchange (NGX), a TMX Group subsidiary, is a leading North American exchange for the trading and clearing of natural gas and electricity contracts. TMX Group owns 47% of CanDeal.ca Inc., an institutional fixed income trading system, as well as 100% of Shorcan Brokers Limited, Canada’s first fixed income inter-dealer broker. TMX Group is also the leading provider of fixed income indices in Canada.
Market Data
TMX Datalinx offers real-time, historical and index data as well as corporate information, news, derivatives, fixed income and foreign exchange data to help investors make investment decisions on the Canadian capital markets.
Stock Market Hours & Holidays
Stock Market Trading Hours
Toronto Stock Exchange and TSX Venture Exchange have trading hours of 9:30 a.m. to 4:00 p.m. ET, Monday to Friday, with the exception of the stock market holidays listed below. There is also an extended session on Toronto Stock Exchange for Participating Organizations from 4:15 to 5:00 p.m. ET each trading day. TMX Select offers extended continuous trading hours of 8:00 a.m. to 5:00 p.m. ET.
2012 Stock Market Holidays – Stock Markets Closed
- New Year’s Day – January 2, 2012 (In lieu of January 1)
- Family Day – February 20, 2012
- Good Friday – April 6, 2012
- Victoria Day – May 21, 2012
- Canada Day – July 2, 2012 (In lieu of July 1)
- Civic Holiday – August 6, 2012
- Labour Day – September 3, 2012
- Thanksgiving Day – October 8, 2012
- Christmas Day – December 25, 2012
- Boxing Day – December 26, 2012
2013 Stock Market Holidays – Stock Markets Closed
- New Year’s Day – January 1, 2013
- Family Day – February 18, 2013
- Good Friday – March 29, 2013
- Victoria Day – May 20, 2013
- Canada Day – July 1, 2013
- Civic Holiday – August 5, 2013
- Labour Day – September 2, 2013
- Thanksgiving Day – October 14, 2013
- Christmas Day – December 25, 2013
- Boxing Day – December 26, 2013
TMX GROUP – History
- 1852
A group of Toronto businessmen met on July 26, 1852 with the intention to form an “Association of Brokers”. Although they may have traded in shares that were available at that time, no official records remain of the groups’ transactions.
- 1861
On October 25th, 24 men gathered at The Masonic Hall. A resolution was passed that day and Toronto Stock Exchange was born. The cost of membership was $5.00. In its early years the Toronto Stock Exchange trading volume was very modest, amounting to two or three transactions daily. Trading hours were limited to daily half-hour sessions and the trading list consisted of 18 securities.
- 1871
Toronto Stock Exchange had 14 member firms — each paid $250 to purchase a seat.
- 1878
Toronto Stock Exchange became formally incorporated by an Act of the Ontario Legislature. Toronto Stock Exchange moved into its first permanent headquarters at 24 King Street East in Toronto.
- 1934
Toronto Stock Exchange merged with its key competitor, The Standard Stock and Mining Exchange. The merged markets adopt the name, Toronto Stock Exchange. Yearly trading value exceeded $534 million.
- 1936
Toronto Stock Exchange became North America’s third largest exchange.
- 1980
Volume of shares traded on Toronto Stock Exchange reached 3.3 billion, valued at $29.5 billion, and Toronto Stock Exchange accounted for 80% of all equity trading in Canada.
- 1983
Toronto Stock Exchange moved to its current location in the Exchange Tower at 130 King Street West.
- 1987
The Toronto 35 Index® is created. On October 19, 1987, stock markets around the world suffered a major correction. The TSE 300 Composite Index dropped more than 400 points in very active trading.
Trading for the year topped $100 billion for the first time ever.
- 1996
Toronto Stock Exchange became the first exchange in North America to introduce decimal trading.
- 2000
Toronto Stock Exchange monthly trading topped $100 billion for the first time ever in March 2000.
- 2002
Standard and Poor’s agreed to take over management of the Toronto Stock Exchange 300 Composite Index on May 1st. It is renamed the S&P/TSX Composite Index.
About TMX Group Inc.
TMX Group’s key subsidiaries operate cash and derivative markets for multiple asset classes including equities, fixed income and energy. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Montreal Exchange, Canadian Derivatives Clearing Corporation, Natural Gas Exchange, Boston Options Exchange (BOX), Shorcan, Shorcan Energy Brokers, Equicom and other TMX Group companies provide listing markets, trading markets, clearing facilities, data products and other services to the global financial community. TMX Group is headquartered in Toronto and operates offices across Canada (Montreal, Calgary and Vancouver), in key U.S. markets (New York, Houston, Boston and Chicago) as well as in London and Beijing.