Founded several years before
Confederation, The Toronto Stock Exchange has always been the marketplace for companies looking to raise
capital. Growing with the nation through the years, the Exchange has helped build the Canadian economy by
providing a link between people and institutions with savings to invest and
companies that need money to expand.
In the early days of the TSE, fewer than two dozen companies were listed
for trading and, on some days, only two or three transactions occurred. Today, the
Exchange is home to more than 1400 listed companies and trades
approximately $2 billion a day in share transactions. The TSE is Canada’s premier
market for senior equities accounting for more than 90% of all equity trading in Canada.
The Exchange has earned a reputation as a leader in trading technology. In the 1970s, the
TSE was the first exchange in the world to develop a computerized system to trade some of its
stocks. In 1997 the TSE closed its trading floor in favour of electronic trading. This move made the
TSE the largest exchange in North America to migrate to a floorless trading
environment. The TSE also has developed market surveillance workstations that are among the
most sophisticated in the world, using artificial intelligence to monitor and suggest
reasons for stock movement and change as well as alert staff to unusual trading
activity.
From modest beginnings in the last century, The Toronto Stock Exchange
has grown to be a leader among the world's exchanges. As such the TSE continually strives to find new and innovative ways to enhance its services
and productivity in order to grow Canada’s capital markets. In June 1999,
the membership of the TSE voted overwhelmingly in favour of demutualizing the Exchange, making it a for-profit entity. This new structure will allow the
TSE to compete on a more level playing field against the new electronic communication networks
that are anticipated to enter the market in the new year. The TSE is also actively involved in discussions surrounding
realignment of the capital markets - an initiative that would result in the TSE
become the sole, senior equities exchange in the country.
As the global trading environment continues to change, the Toronto Stock Exchange
will continue its evolution, to ensure it remains Canada’s premier market, and provide
Canadian as well as international investors with a well - regulated, fair and accessible marketplace.