Montreal Stock Exchange
The Montreal Stock Exchange ( MX , French Bourse de Montréal , English Montreal Exchange ) is a futures exchange in Montreal that trades futures and options on capital, indices, currencies, exchange-traded funds , energy and interest rates. The stock exchange, founded in 1874, has been in the Tour de la Bourse since 1965 . In 2007 it was acquired by the Toronto Stock Exchange , Canada's largest stock exchange .
history
In 1832, the Exchange Coffee House began trading in securities . After more than four decades of informal activity, the Montreal Stock Exchange was founded in 1874 . It was initially housed in the commodity exchange and in 1904 moved into its own building on Rue Saint-François-Xavier, designed by the American architect George B. Post . Today it is used by the Centaur Theater .
In 1926, the Montreal Curb Market was established to trade in securities that were deemed too risky or were new to the market. This company was renamed the Canadian Stock Exchange in 1953 and merged with the Montreal Stock Exchange in 1974. In the first decades of its existence, the Montreal Stock Exchange was the largest in Canada, but it lost its leading position on the Toronto Stock Exchange in the 1930s . In October 1965 she moved to the newly built Tour de la Bourse .
The terrorist group Front de liberation du Québec carried out a bomb attack on the Montreal Stock Exchange on February 13, 1969, because they regarded it as a symbol of the economic supremacy of the English-speaking Canadians. The explosion injured 27 people and caused extensive property damage. After the provincial government of Québec adopted the French Language Charter , which made French the working language, many companies preferred to move their trading activities to Toronto , where business could still be conducted in English.
In 1999, the Montreal, Toronto and Vancouver stock exchanges agreed on a division of labor. The Montreal Stock Exchange gave securities trading to Toronto and specialized in derivatives . In December 2007, the Toronto Stock Exchange acquired the Montreal Stock Exchange for 1.31 billion Canadian dollars , which was incorporated into the TMX Group on May 1, 2008.
Web links
Individual evidence
- ↑ TSX Group Buys Montreal Exchange for C $ 1.31 trillion. bloomberg.com, December 10, 2007, accessed August 8, 2011 .