Definition of Toronto Stock Exchange (TSX)

largest stock exchange in Canada, listing more than 1,300 companies that are traded electronically. The exchange is part of TSX Inc., which includes the TSX venture exchange. In 1999, Canada's exchanges were reorganized along product lines, with regional exchanges in Vancouver, Calgary, and Winnipeg merging into the TSX and the canadian venture exchange, and all derivatives shifted to the montreal exchange/bourse de montreal. The TSX trades only equities; equity options are traded in Montreal. The exchange adopted the TSX branding in 2002 and renamed its indices carrying the S&P/TSE and S&P/CDNX labels. The TSX's benchmark index is the S&P/TSX Composite Index; it was formerly known as the TSE 300. The exchange offers a group of S&P/TSX Canadian sector indices for energy, information technology, financial services, consumer discretionary, consumer staples, industrials, telecommunications services, utilities, health care, materials, gold, diversified metals and mining, and real estate. Trading hours are 9:30 A.M. to 4 P.M., Monday through Friday. Settlement is the third day following the trade.www.tsx.com.