In Canada, the biggest stock exchange was known as the Toronto Stock Exchange. While few people outside of Canada know very much about this exchange, it is actually the 7th largest stock exchange among all the world's stock markets. Nowadays, the TSE has been purchased by a private company and has been renamed as the TSX. However, most market commentators continue to refer to the exchange as the TSE.
The TSE is a very active exchange. It includes thousands of different securities and trades over 240 million shares every single day. This exchange is a global exchange, as it includes companies from the U.S. and other countries besides the companies it lists from Canada. Global exchanges like this are typically run electronically instead of maintaining a physical trading floor. This means that more people can trade than would have otherwise been possible if they were limited by physical proximity.
While there may not be a building that you can go to see the exchange, you can still glory in its historical roots. The TSE was founded back in 1852, when a group of Toronto brokers decided to form an association. It has significantly grown in size since the WWI, when it experienced its heyday. It closed for a brief period during the war, but quickly sprung back to its same vitality when it opened. It now experiences over 10 million different share trades a year.
The success of the TSE was so great that it was able to merge with it main competitor in the 1930s. At this time it assumed the Toronto Stock and Mining Exchange. When their powers combined they were in a much better position to weather the storm of the Great Depression. This move also cemented the TSE's reputation as the main contender on the Canadian stock exchange.
The TSE has come a long way from those early days. It is now fully electronic, but still the as active and respected. The most recent change was in 2000, when the TSX ( the old TSE) developed into a company for profit. When it made this switch, it assumed many more companies under it tutelage.