The initial formation of the Toronto Stock Exchange (TSX) dates back to 1852. It is part of the TMX Group, which also includes the TSX Venture Exchange and the TSX Alpha Exchange.
The TSX has earned a reputation as a leader in trading technology. In the 1970s, the TSX was the first global exchange to develop a computerized system to trade some of its stocks and in 1997, it closed its trading floor in favor of electronic trading.
The TSX Venture Exchange, formerly the Canadian Venture Exchange, was launched in November 1999 following the merger of the Alberta and Vancouver Stock Exchanges. The Winnipeg Stock Exchange merged into the TSX Venture Exchange in 2000.
In August 2001, the Toronto Stock Exchange (TSX) acquired the TSX Venture Exchange.
The NEO was founded in 2015 and is located in Toronto. It is marketed as Canada's new stock exchange and the NEO aims to help companies, dealers and investors by creating a better listing experience, eliminating predatory market behaviours such as high-frequency trading, implementing a unique market making program to ensure liquidity, and offering free real-time market data for all NEO-listed securities.
The Canadian Securities Exchange (CSE) is operated by CNSX Markets Inc. Recognized as a stock exchange in 2004, the CSE began operations in 2003 to provide a modern and efficient alternative for companies looking to access the Canadian public capital markets.
Committed to Canadian market participants, Nasdaq offers three Canadian marketplaces for trading TSX and TSX-Venture listed securities, which are the Nasdaq CXC, Nasdaq CX2 and Nasdaq CXD.
A key pool of liquidity in Canada, Nasdaq CXC provides clients a reliable platform for the trading of Canadian equities and offers price/time priority, post-trade attribution model. Through a unique pricing model and broker preference functionality, Nasdaq CX2 helps to improve investment performance and drive positive market structure change. Launched due to customer demand, Nasdaq CXD, provides an alternative source of non-displayed liquidity providing size discovery and price improvement opportunities.
The NEX is a unique and separate board of the TSX Venture Exchange. It provides a unique trading forum for listed companies that have fallen below TSX Venture's ongoing listing standards.
Before the NEX was created, companies that fell below the TSX Venture's ongoing listing standards were designated inactive and given 18 months to meet the standards or be delisted. With the NEX, these companies are relieved of the pressure of a delisting deadline and they are more visible as potential takeover targets or investment opportunities.
The Montréal Exchange (MX), Canada's oldest exchange, is a fully electronic exchange dedicated to the development of the Canadian derivative markets. It was established in 1874 as Canada's first stock exchange.
In 1926, a complimentary exchange was established to trade junior securities. It was known as the Curb Market since it traded securities on the curb outside of the MX. The Curb Market became the Canadian Stock Exchange in 1953 and it was susequently merged into the MX in 1974.
In 1975, the MX became the first exchange in Canada to trade options and in 1999, after a significant restructuring, it became the only exchange in Canada to trade financial derivative products.
The history of ICE Futures Canada begins in 1887 with the Winnipeg Commodity Exchange, which was originally the Winnipeg Grain and Produce Exchange. It functioned as an agricultural commodity exchange for western Canada.
On December 20, 2004, it became North America's first fully electronic commodity futures and options exchange. After it was acquired by the Intercontinental Exchange, It was renamed ICE Futures Canada effective January 1, 2008.
The NGX, headquartered in Calgary, Canada, provides electronic trading, central counterparty clearing and data services to the North American natural gas and electricity markets. Since beginning operations in February 1994, the NGX has developed the AB-NIT hub into one of the most liquid spot and forward energy markets in North America.