Toronto Stock Exchange (TSX) Definition
The Toronto Stock Exchange (TSX) is the third largest stock exchange in the Americas. It is also the eighth largest in the world in terms of market capitalization. It is located in the city of Toronto in Canada.
Toronto Stock Exchange (TSX) Meaning
The Toronto Stock Exchange has the highest number of listed companies in the oil and gas industry as well as the mining industry. Toronto Stock Exchange history begins in 1861 when it was officially created by twenty-four businessmen in Toronto. In 1934, TSX and its chief competitor known at the time as Standard Stock and Mining Exchange merged into one group. This merger made the TSX exchange the largest mining exchange in the world. As the TSX market grew, it soon became a hot spot for oil and gas companies. The list on the Toronto Stock Exchange has grown to over 400 companies.
The Toronto Stock Exchange index is the S&P/TSX Composite Index. This is an index of the prices of the largest companies as a measurement of their market capitalization. The large companies are selected if that company represents a certain percentage of the index market cap. They are also selected if the company represents a certain percentage trading volume that company performs to the total trading volume.
See Also:
Frankfurt Stock Exchange (FSE)
Singapore Stock Exchange (SGX)
New York Stock Exchange (NYSE)
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