TMX Group Limited celebrated the 160th anniversary of the Toronto Stock Exchange (TSX) with a market open celebration Wednesday.
“In its 160th year, Toronto Stock Exchange is an engine of economic growth, corporate funding and investor opportunity,” said Tom Kloet, CEO, TMX Group (TSX:X).
“On TSX, issuers across Canada and increasingly from around the world seek the funds needed to fuel growth and innovation. Today, we celebrate an historic milestone, however, we are not resting on our past achievements but remain steadfastly focused on building an exchange that serves the needs of investors, participants and issuers far into the future,” Kloet said.
The TSX officially began 160 years ago on Oct. 24, 1852 when a group of Toronto entrepreneurs met to create an association of brokers, which established the framework for the exchange. Today, the TSX is home to almost 1,600 issuers with total market capitalization of $2.1 trillion. The exchange has become a global leader for mining and energy finance, as well as a destination for companies from around the world seeking North American capital.
To mark this milestone Kloet and Ungad Chadda, senior vice resident, TSX, opened the market along with TMX Group employees from across the organization.