Toronto Stock Exchange
The Toronto Stock Exchange (TSX) was founded in 1861, although the company's origins can be traced back to the Association of Brokers, which was formed in 1852. Aside from a three month period in 1914, when the exchange was shut down, the Toronto Stock Exchange has grown in size, companies listed, and exchanges made. The Toronto Stock Exchange merged with the Standard Stock and Mining Exchange, which was one of the competitors of the TSX. Today, the company is based in Toronto, Ontario, Canada, and is considered the largest stock exchange in Canada.
The Computer Assisted Trading System (CATS), was implemented in the Toronto Stock Exchange in 1977. This was an electronic trading system that allowed for easier and faster transactions in the Toronto Stock Exchange, especially in the case of less liquid equities. In 1997, the Toronto Stock Exchange became the second-largest stock exchange in North America to operate exclusively in a virtual trading environment. This is due to the decision to close their trading floors. The Toronto Stock Exchange appointed the first female president of a North American stock exchange in 1999. As of 2007, the Toronto Stock Exchange Group listed the most oil and gas companies over all other exchanges in the world.
