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40-627: The TMX Group also owns the Toronto Stock Exchange (TSX). The Toronto Stock Exchange is the senior equity market, while the TSX Venture Exchange is a public venture capital marketplace for emerging companies. As of November 2010, the TSX Venture Exchange had 2,364 listed companies with a combined market capitalization of $ 60,811,203,235. The Canadian Venture Exchange was created in Canada on November 29, 1999 as

80-690: A 78% stake in U.S. data analytics company VettaFi Holdings for $ 848 million. In September 2004, Stymiest announced the resignation of Barbara Stymiest as CEO of the TSX Group so that she could join the RBC Financial Group to serve as its COO . In December 2004, the TSX Group announced the appointment of Richard Nesbitt as the new CEO of TSX Group. Nesbitt had previously served as president and chief executive officer of HSBC Securities Canada . Nesbitt stepped down in January 2008, and

120-410: A business to facilitate capital raising and the trading of securities in the exempt market. TSX Private Markets enables TMX Group to serve companies throughout their evolution from start-up, to private issuer, to public issuer. On October 31, 2014, TMX completed its acquisition of the microwave network business of Strike Technologies Services LLC. On June 2, 2015, TMX Group announced a realignment of

160-512: A combined entity with a market capitalization of $ 5.9 billion (£3.7 billion). Xavier Rolet, CEO of the LSE Group, will head the company, while TMX Chief Executive Thomas Kloet will become president. Based on data from November 30, 2010, the new stock exchange would be the second largest in the world with a market cap 47% greater than the Nasdaq. Announced on June 1, 2011, the provisional name for

200-500: A platform designed to showcase regulated growth companies listed on TSX Venture Exchange. On June 30, 2020, TMX Group integrated TMX Matrix with TMX Money , its flagship site that provides free real-time stock quotes for retail investors. In November 2022, it was announced TMX Group had acquired the Boston -based provider of global market-moving action and corporate event data, Wall Street Horizon. In December 2023, TMX Group acquired

240-738: A result of an agreement among the Vancouver, Alberta, Toronto and Montreal exchanges to restructure the Canadian capital markets along the lines of market specialization. The CDNX was created by the merger of the Vancouver Stock Exchange (VSE) and the Alberta Stock Exchange (ASE). The focus of the CDNX was junior companies, i.e., those whose assets, business and market capitalization were too small to be listed on

280-480: A rival, and hostile bid from the Maple Group of Canadian interests, was unveiled. A cash and stock bid of $ 3.7 billion CAD, in hopes of blocking the LSE Group's takeover of TMX. The group is composed of the leading banks and financial institutions of Canada. The Montreal Curb Market was a stock exchange created in 1926 for trading in stocks that were considered to be too speculative or junior to be traded on

320-424: Is a Canadian financial services company that operates equities, fixed income, derivatives, and energy markets exchanges . The company provides services encompassing listings, trading, clearing, settling and depository facilities, information services as well as technology services for the international financial community. TMX Group is best known for its stock exchanges , Toronto Stock Exchange (TSX), which serves

360-564: Is responsible for all of TMX Group's equity listing and trading activity. Montreal Exchange The Montreal Exchange ( MX ; French : Bourse de Montréal ), formerly the Montreal Stock Exchange ( MSE ), is a derivatives exchange , located in Montreal, Quebec , Canada that trades futures contracts and options on equities, indices, currencies, ETFs, energy and interest rates. Since 1965, it has been located in

400-623: The Toronto Stock Exchange (TSX). Often, these were resource exploration companies, but also came to include new high technology ventures. The exchange had its corporate headquarters in Calgary, Alberta, and its Operations headquarters in Vancouver , British Columbia , with additional offices in Toronto and Montreal . The small-cap portion of the equities market of the Bourse de Montréal (MSE)

440-631: The Tour de la Bourse (Stock Exchange Tower), Montreal's third-tallest building . It is owned by the Toronto -based TMX Group . The first exchange in Canada began in 1832 as an informal stock exchange at the Exchange Coffee House in Montreal. In 1874, Lorn MacDougall, along with his brothers Hartland St. Clair MacDougall and George Campbell MacDougall, James Burnett and Frank Bond were

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480-683: The separatist group Front de libération du Québec , the Montreal Stock Exchange represented a bastion of Anglo-Canadian power. On February 13, 1969, they detonated a bomb at the Stock Exchange that blew out the northeast wall and injured 27 people. In 1982, the Montreal Stock Exchange changed its name to the Montreal Exchange to reflect the growing importance of financial instruments other than stocks–primarily options and futures–on its trading floor. In 1999,

520-742: The Canadian Derivatives Clearing Corporation (CDCC), as well as stakes in both CanDeal.ca Inc. and BOX Options Exchange . Other notable subsidiaries of TMX Group include Trayport Limited, the developer of the Joule electronic trading platform for energy markets, and TMX Datalinx, which provides data products and services. TMX Group is headquartered in Toronto and operates offices across Canada ( Montreal , Calgary and Vancouver ), in key U.S. markets ( New York City , Houston , Boston and Chicago ), and overseas ( London , Beijing , Singapore and Sydney ). In 2001,

560-472: The LSE agreement would be valued at $ 48.90 per share versus the $ 48 per share of Maple. The exchanges also pledged to maintain the dividend at least as high as the current TMX annual payout, which is C$ 1.60 a share. On June 29, LSEG and TMX terminated the merger plans after it appeared that the merger would not be approved by the needed two-thirds majority of TMX shareholders. On July 11, 2012, Maple Group's deal

600-602: The Montreal Stock Exchange (MSE). As these companies matured, trading in their shares was transferred to the MSE. In 1953, the Montreal Curb Market changed its name to Canadian Stock Exchange. In 1974, the Canadian Stock Exchange merged with the Montreal Stock Exchange, retaining the larger exchange's name. On November 29, 1999, the small-cap portion of the equities market of the Montreal Exchange

640-497: The Montreal Stock Exchange led to the creation of major corporations like Dominion Textile and Montreal Light, Heat & Power . At that time, many major financial institutions established their headquarters on and around Saint Jacques Street . In 1903, the same year as the construction of New York's now famous Exchange Building, the Montreal Stock Exchange commissioned the same architect, George B. Post , to design its building on St. Francois-Xavier Street. World War I marked

680-483: The National Bank of Canada and also TMX Group's largest individual shareholder. On June 22, 2011, the LSE Group and TMX agreed to pay a special dividend to shareholders. The special dividend is meant to sway voters away from Maple Group's rival bid. The dividend was valued at $ 678 million, with TMX shareholders receiving $ 4 per share and LSE shareholders receiving $ 1.36 per share. Including the special dividend,

720-708: The Toronto Stock Exchange acquired the Canadian Venture Exchange (formed by the merger of the Vancouver Stock Exchange and Alberta Stock Exchange on November 29, 1999), which was renamed the TSX Venture Exchange on July 31, 2001. The acquisition was carried out through a parent company, TSX Group Inc. The Montreal Exchange was acquired on December 10, 2007, for C$ 1.31 Billion. The acquisition

760-404: The Vancouver, Alberta, Toronto and Montreal exchanges agreed to restructure the Canadian capital markets along the lines of market specialization, resulting in the Montreal Exchange assuming the position of Canadian Derivatives Exchange for the following 10 years. Trading in the shares of large companies was transferred to the Toronto Stock Exchange (TSX), and in the trading of smaller companies to

800-417: The appointment of Deana Djurdjevic to senior vice president, Equities Trading. On March 17, 2014, TMX Group announced that chief executive Thomas Kloet would retire from the company effective August 31, 2014. The company later announced on August 12, 2014, that Kloet would remain in the role of CEO until October 31, 2014. On September 29, 2014, TMX Group announced that it had selected Lou Eccleston to lead

840-411: The combined group would be LTMX Group plc. On June 13, 2011, a rival bid from the Maple Group of Canadian interests, was unveiled: a cash and stock bid of $ 3.7 billion CAD, in hopes of blocking the LSE Group's takeover of TMX. The group is composed of the leading banks and financial institutions of Canada. Luc Bertrand, spokesman for Maple Group and one of the drivers of the bid, is vice chairman of

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880-601: The day-to-day technical operations of an American exchange using the Sola Trading electronic platform. That contract now provides the Montreal Exchange with a significant part of its revenue. The Montreal Exchange has a 31.4% stake in the Boston Option Exchange (BOX), percentage that has since risen to over 51% (as of September 2009). On December 10, 2007, TSX Group announced that it had acquired Montreal Exchange Inc. for C$ 1.31 Billion. The acquisition

920-578: The driving force behind the creation of the Montreal Stock Exchange (a name that was used until 1982 when it became the Montreal Exchange). The shareholders voted Lorn MacDougall its first Chairman of the Governing Committee, a position he held until poor health forced him to retire in 1883. By 1910, the number of trades amounted to about $ 2.1 million whereas the Toronto Stock Exchange only amounted to $ 900,000. The prosperity of

960-400: The end of Canada's dependence on London 's market. By contributing greatly to the war effort, Canada's economy was greatly strengthened by the war. All through the 1920s, Montreal's market experienced strong growth, reaching $ 3.5 million. In 1926, the " Montreal Curb Market " was created to allow trading in speculative and junior stocks. If successfully grown, they could apply for a transfer to

1000-633: The first traditional exchange in North America to complete this transformation. In the process, it modified the market model for trading, from a traditional specialist model to a competing market making model for the equity option market. In February 2004, the Exchange became the sole provider of electronic trading systems and support for the Boston Options Exchange (BOX), making it the first foreign exchange to be responsible for

1040-640: The launch of the S&;P/TSX High Income Energy Index. The new index was licensed by S&P Dow Jones Indices to Guggenheim Investments for an Exchange Traded Fund listed on the New York Stock Exchange. On February 12, 2014, TSX Venture Exchange announced the 2014 TSX Venture 50, an annual ranking of strong performing companies from five sectors: Clean Technology, Diversified Industries, Mining, Oil & Gas, and Technology & Life Sciences. On March 25, 2014, TMX Group announced plans to launch

1080-545: The main Exchange. In 1953, the Curb Market was renamed the Canadian Stock Exchange . The 1929 crisis hit Montreal especially hard. In 1934, due to multiple factors, the Toronto Stock Exchange surpassed Montreal. Still, Montreal's position in Canada's economy recovered, and it was not until the mid-1970s that Toronto became the metropolis of Canada after a decade of political troubles in Montreal. For

1120-452: The new Canadian Venture Exchange (now: TSX Venture Exchange ). This change, which reflected the economic reality that most equity trading had moved to the TSE, caused consternation among those in favour of political independence for the province of Quebec. At the end of 2001, the Exchange had completed its migration from an open outcry environment to a fully automated trading system, becoming

1160-502: The new enlarged company, while TMX Chief Executive Thomas Kloet would become the new firm president. Based on data from December 30, 2010 the new stock exchange would be the second largest in the world with a market cap 48% greater than the Nasdaq . Eight of the fifteen board members of the combined entity will be nominated by LSE and seven by TMX. The provisional name for the combined group would be LTMX Group plc. On June 13, 2011,

1200-520: The organization as its CEO effective November 3, 2014. On March 2, 2015, TMX Group announced the promotion of Cheryl Graden to senior vice president, Group Head of Legal and Business Affairs and Corporate Secretary. She was also appointed an officer of TMX Group Limited and its subsidiaries. On July 16, 2015, TMX Group announced that it had named Nicholas Thadaney, president & CEO, Global Equity Capital Markets effective September 1, 2015. Mr. Thadaney, who reports to TMX Group's Chief Executive Officer,

1240-411: The organization. The changes follow the completion of an in-depth strategic review of the organization, which began in January 2015. On June 16, 2015, TMX Group announced a new initiative. AgriClear, an online platform designed to provide U.S. and Canadian cattle buyers and sellers with an efficient, cost-effective transaction and payment service. On November 12, 2018, TMX Group launched TMX Matrix ,

TSX Venture Exchange - Misplaced Pages Continue

1280-448: The senior equity markets, and TSX Venture Exchange (TSXV), which serves the public venture equity market. TSXV was formerly known as the Canadian Venture Exchange (CDNX), but it also owns and operates other exchanges in Canada, including Montréal Exchange and TSX Alpha Exchange, as well as the country's depository, clearing and settlement business, CDS. TMX Group also owns and operates TMX Equity Transfer Services, Shorcan Brokers Limited,

1320-513: The world among global exchanges by number of new listings for the fourth consecutive year, according to data from the World Federation of Exchanges (WFE) as of December 31, 2012. On February 13, 2013, TMX Group announced it had entered into an agreement with Equity Financial Holdings Inc. (Equity) to acquire its transfer agent and corporate trust services business. On July 25, 2013, the S&P Dow Jones Indices and TMX Group announced

1360-457: Was also merged into CDNX at this time. The Winnipeg Stock Exchange merged into the CDNX, and trading on WSE securities ceased Nov 24 2000, and eligibile listings were transferred to CDNX on Nov 27 2000. This article about stock exchanges is a stub . You can help Misplaced Pages by expanding it . This article about a Canadian corporation or company is a stub . You can help Misplaced Pages by expanding it . TMX Group TMX Group Limited

1400-722: Was approved by all federal and provincial regulatory authorities, including the Ontario Securities Commission and the Autorité des marchés financiers . On July 31, 2012, Maple Group announced that it won control of the TMX Group, as 91% of shares were tendered for its takeover offer. The formal vote for the deal will take place in September. On January 21, 2013, TMX Group announced that combined, Toronto Stock Exchange and TSX Venture Exchange were first in

1440-583: Was completed on 1 May 2008 and the corporation subsequently was renamed TMX Group Inc . On February 9, 2011, the London Stock Exchange announced that they had agreed to merge with the TMX Group , Montreal Exchange's parent, hoping to create a combined entity with a market capitalization of $ 5.9 trillion (£3.7 trillion). Xavier Rolet , who currently is CEO of the LSE Group , would head

1480-545: Was completed on May 1, 2008, and the corporation subsequently renamed to TMX Group Inc. On June 11, 2008, at a meeting of shareholders of TSX Group Inc, a resolution to change the name of the corporation to TMX Group Inc. was put forward. The formal vote for the deal took place in September. On February 9, 2011, the London Stock Exchange Group announced that they had agreed to merge with the TMX, creating

1520-542: Was merged into the Canadian Venture Exchange (CDNX), along with the Alberta Stock Exchange (ASE) and the Vancouver Stock Exchange (VSE). The Canadian Dealing Network and Winnipeg Stock Exchange also merged with CDNX. The Canadian Venture Exchange is today known as the TSX Venture Exchange and is based in Calgary , although still has offices in Montreal. The Montreal Climate Exchange or MCeX

1560-507: Was replaced by Thomas Kloet on July 14, 2008. On January 18, 2013, TMX Group Limited announced the appointment of Jean Desgagne as president and chief executive of the Canadian Depository for Securities Limited (CDS), Canada's national securities depository, clearing and settlement hub for equity, fixed income and money markets. He replaced Ian Gilhooley, who retired on December 31, 2012. On May 30, 2013, TMX Group announced

1600-456: Was started as a joint venture between the Montreal Exchange and the now-defunct Chicago Climate Exchange (CCX). It trades futures contracts on greenhouse gases . Established on July 12, 2006, and launched on May 30, 2008, MCeX is the first regulated environmental market in Canada. As part of the 2008 federal climate plan, in addition to internal reductions, large regulated industrial emitters in Canada are able to choose to buy emission units on

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