Stock Exchange

Toronto Stock Exchange (TSX)

The Toronto Stock Exchange (TSX) is the largest Canadian stock exchange. TSX is operated by the TMX Group and hosts three additional exchanges: TSX Venture Exchange, TSX Alpha Exchange and TSX Private Markets.

The TSX was an early pioneer of decimal pricing and electronic trading. Today, the exchange hosts well over a thousand listed companies with a combined market capitalization of well over 1 trillion Canadian dollars. Since closing its trading floor in 2007, the TSX has operated fully electronically.

While TSX is the primary securities exchange, the TSX Venture Exchange (headquartered in Calgary) is primarily a venture capital market and the TSX Alpha Exchange operates as an alternative exchange with a different set of regulations. TSX Private Markets is a voice-brokered exchange which facilitates trades in exempt securities (securities which are exempt from certain regulatory procedures under Canadian law).

The S&P/TSX Composite index tracks the performance of stocks listed on the exchange.

Trading hours: Monday through Friday 9:30 a.m to 4:00 p.m ET (UTC-5)
Extended trading hours: 4:15 p.m to 5:00 p.m ET
Settlement cycle: T+3 (moving to T+2)

More on this topic:
Swiss online broker comparison
How to buy stocks: best trading tips
Stock trading: common pitfalls

Editor Daniel Dreier
Daniel Dreier is editor and personal finance expert at
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