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The Montreal Curb Market was created in Montreal, Canada in 1926 to house stock trading that were considered too provisional or young for the stock exchange in the Bourse de Montr?al. As the speculative companies developed, their share trading moved to the Bourse. The Montreal Curb Market changed its name to the Canadian Stock Exchange in 1953, and joined with the Bourse de Montr?al in 1974.
The Canadian National Stock Exchange (CNSX) is an alternate stock exchange in Canada and is the first stock market to be permitted by the Ontario Securities Commission in 70 years. The CNSX has basic reporting requirements and has condensed its simplified for listing. It is an alternative available for micro cap and emerging companies. It was known as CNQ until the firm re-branded itself in November of 2008. Instead of using the traditional "open outcry" corporeal trading floor system, it is 100 percent automated. The CNSX is in Toronto, Canada and has an additional office in Vancouver. In September of 2007, the CNSX started operating a product called Pure Trading, an electronic communication system where many of the Toronto Stock Exchange stocks can be traded. Its hours are 9:30 a.m. to 4 p.m. on all weekdays except previously-declared holidays.
The TSX Venture Exchange is based in Calgary, Alberta and also has offices in Toronto, Winnipeg, Vancouver, and Montreal. It was previously named the Canadian Venture Exchange (CDNX), but the TSX Group bought and renamed it in 2001.
The TSX Group also owns the Toronto Stock Exchange (TSX). The TSX works mostly with well-established equities, whereas the TSX Venture Exchange is a public venture capital marketplace for up-and-coming companies that have not yet met the requirements for trading on the TSX.
As of the end of December 2007, the TSX Venture Exchange had 2,176 companies listed, with a market capitalization of $58 billion.
The Toronto Stock Exchange (TSX) is owned by the TMX Group Inc., and is the largest stock exchange in Canada. It is the third largest in North America and the eighth largest in the world by means of market capitalization. Based in Toronto, Canada's largest city, it is owned and operated by TMX Group for trading senior equities. A wide range of businesses originating from Canada, the United States, Europe, and other countries worldwide are represented on the exchange. TSX lists various exchange-traded funds, split share corporations, income trusts and investment funds in addition to conventional securities. It is the leader in the mining and oil and gas sector, boasting more of these companies than any other exchange in the world. |