- TSX is One Major Canadian Stock Market Exchange - Connormah
The World Federation of Exchanges lists the Toronto Stock Exchange (formerly TSE/ currently TSX) as the 9th largest in the world when comparing domestic market capitalization for July 2010. The USD value of the TSX that month was over 1.7 trillion dollars.
What are some of the other Canadian stock market exchanges for trading shares?
Canadian Stock Market Trading Exchanges
- Toronto Stock Exchange (TSX)
- Toronto Venture Exchange (TSX Venture)
- NEX
- Montreal Exchange (MX)
- Canadian National Stock Exchange (CNSX)
- Nasdaq Canada
- Natural Gas Exchange (NGX)
Exchange Relationships and Characteristics
The various stock exchanges in Canada are not independent. The largest parent company is the TMX group. Under this umbrella many exchanges are managed such as: the Toronto Stock Exchange, the TSX Venture Exchange, the NGX, the MX and the NEX.
Nasdaq Canada is one of the international legs of the Nasdaq exchange. This exchange includes many companies in the technology, pharmaceutical, consumer, and multimedia industries.
The Montreal Exchange claims to be the oldest in Canada. The purpose of the MX is to trade derivatives such as options on equities, ETF’s, USD currency, interest rates, energy and indices.
The Canadian National Stock Exchange is the re-branded version of the CNQ. The CNSX is an alternative marketplace for new and emerging companies as well as very small businesses with micro capitalization. The CNSX is fully automated without a physical trading floor. The Canadian National Stock Exchange also maintains the Pure Trading service for electronic trading.
The TSX Venture is for new and emerging companies. The closest comparison some would make is to the CNSX. The standards are set lower than for those listing on the Toronto Stock Exchange. The former Vancouver Stock Exchange and the Alberta Stock Exchange were merged into what is now the TSX Venture.
The NEX is a branch of the TSX Venture for inactive companies or businesses operating at very low levels. If a company has fallen below the TSX Venture standards it can be traded on the NEX board.
Finding Canadian Stock Market Quotes
- Toronto Stock Exchange quotes can be found on Yahoo by using the extension “.to” after the ticker symbol.
- TSX Venture Exchange quotes can be found on Yahoo by using the “.v” extension.
All other quotes can be viewed on the individual websites of the respective exchanges, or on the parent company’s site for all related exchanges to the TMX. Links provided under the sub-heading of Canadian Stock Market Trading Exchanges will provide direct access.
Resources
Information in this article was extrapolated from the exchange websites.
Kurtis Hemmerling - Kurtis Hemmerling began his stock trading career at the tender age of 10. His first official trading recommendation was to his father on ...
