This Day in Market History: The Toronto Stock Exchange Launches

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The committee  astatine  the Toronto Stock Exchange successful  Toronto, Canada, successful  February 1910. (City of Toronto Archives)

The committee astatine the Toronto Stock Exchange successful Toronto, Canada, successful February 1910. (City of Toronto Archives)

Each day, Benzinga takes a look backmost astatine a notable market-related infinitesimal that occurred connected this date.

What Happened

On this time 158 years ago, the Toronto Stock Exchange (TSE) was founded.

Where the Market Was

The TSE predates some the Dow Jones Industrial Average and the S&P 500.

What Else Was Going On In The World?

In 1861, Abraham Lincoln was sworn successful arsenic the 16th U.S. president. The Battle of Fort Sumter marked the opening of the Civil War. Union privates warring successful the Civil War earned a wage of $13 per period successful 1861.

TSE’s Modest Launch

In October 1861, a radical of 24 brokers assembled astatine the Masonic Hall successful Toronto to enactment successful the TSE, which initially included listings for conscionable 13 stocks. The TSE expanded to 18 listings successful 1868.

The speech continued to turn implicit time, moving to a caller trading level successful an Art Deco gathering connected Bay Street successful 1936. At the time, the TSE had go the third-largest banal speech successful North America.

The TSE made the modulation to the integer property successful 1977 erstwhile it launched its Computer Assisted Trading System, oregon CATS.

In 2001, the TSE merged with the Canadian Venture Exchange, creating TSE genitor institution TSX Group.

As of the extremity of 2017, the TSE had 1,501 listings worthy a combined marketplace headdress of much than $2.2 trillion.

By Wayne Duggan

© 2021 The Epoch Times. The Epoch Times does not supply concern advice. All rights reserved.

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