About TSX?

Toronto Stock Exchange (TSX, formerly TSE) is the largest stock exchange in Canada, and the third largest in North America. It is the seventh largest stock exchange in the world by capitalization. The Toronto Stock Exchange is owned and operated as a subsidiary of the TMX group for the trading of senior equities.

TSX represents a wide range of businesses from Canada, the United States, Europe and other countries. Additional to these conventional securities, the exchange also list various exchange-traded funds, split share corporations, income trusts and investment.

By listing on Toronto Stock Exchange, an issuer becomes entitled to be included in the S&P/TSX Composite index as well as assigned to S&P/TSX sector. Issuers, who are listed on TSX Venture Exchange, may be eligible to be included in the S&P/TSX Venture Composite Index. Being included in an index raises an issuer's visibility and profile and can improve investor awareness.

The retail investors who get listed on Toronto Stock Exchange can be acknowledged by the Canadian institutional investment community. Portfolio and Pension managers put 70 percent of their money into Canadian assets.

The capability of investors to buy or sell a significant amount of stock, without incurring major price changes, is an important feature of a quality market. This builds trust in the market and encourages more trading. Most of the trading rules are integrated into the automated system, thus ensuring consistent treatment of all orders by Toronto Stock Exchange. This consistency builds the confidence of investors in the fairness of market

The TSX despite its 150 years of history has only recently turned out to be a significant player in North America trading. More than half of the firms listed on TSX are natural-resources business, in industries such as mining, oil and gas, energy, timber, and others that have a major contribution in Canada Economy.

According to Richard Nesbitt, the former head of TSX and CEO of CIBC World market, Toronto stock exchange lists higher risks company than a U.S. market might. But at the same time TSX is wholly regulated market with a very rapid regulatory framework.