TSX Canada is a stock exchange headquartered in Calgary, Alberta, with other offices in Toronto, Vancouver and Montreal. The TSX Group owns both the TSX Venture Exchange and the Toronto Stock Exchange.Continue Reading
The Toronto Stock Exchange is the senior equity market, while the TSX Venture Exchange is a public venture capital marketplace for emerging companies.
The Toronto Stock Exchange most likely descended from the Association of Brokers, and was created by 24 businessmen in 1961. The exchange was formally incorporated in 1878, and today is one of the largest stock exchanges in the entire world with over 1,500 companies included. The exchange closed its floor in 1997. Through a realignment plan, it became Canada’s sole exchange for trading senior equities.
The TSX Venture Exchange was originally known as the Canadian Venture Exchange, or CDVX, and was created in 1999. The CDVX was a merger of the Vancouver Stock Exchange and the Alberta Stock Exchange. The merger took place when the Vancouver, Toronto, Alberta and Montreal exchanges agreed to restructure the Canadian capital markets along the lines of market specialization. The original focus of the CDVX was junior companies who were too small to be listed on the Toronto Stock Exchange, but also included new high technology ventures.Learn more about Corporations