Since , it has been located in the Tour de la Bourse Stock Exchange Tower , Montreal's third-tallest building. It is owned by Toronto - based TMX Group.

The first exchange in Canada began in as an informal stock exchange at the Exchange Coffee House in Montreal. In , Lorn MacDougall, along with his brothers Hartland St. Clair MacDougall and George Campbell MacDougall, James Burnett and Frank Bond were the driving force behind the creation of the Montreal Stock Exchange a name that was used until when it became the Montreal Exchange.

The shareholders voted Lorn MacDougall its first Chairman of the Governing Committee, a position he held until poor health forced him to retire in At that time, many major financial institutions established their headquarters on and around Saint Jacques Street.

In , the same year as the construction of New York's now famous Exchange Building, the Montreal Stock Exchange commissioned the same architect, George B.

Post, to design its magnificent building on St. World War I marked the end of Canada's dependence on London 's market.

By contributing greatly to the war effort, Canada's economy was greatly strengthened by the war. If successfully grown, they could apply for a transfer to the main Exchange. In , the Curb Market was renamed the Canadian Stock Exchange.

The crisis hit Montreal especially hard. In , due to multiple factors, the Toronto Stock Exchange surpassed Montreal. Still, Montreal's position in Canada's economy recovered, and it was not until the mids that Toronto became the metropolis of Canada after a decade of political troubles in Montreal.

On February 13, they set off a bomb at the Stock Exchange that blew out the northeast wall and injured 27 people.

In addition to security concerns, language became a major issue in the s. In , the provincial government of Quebec passed the Charter of the French Language , which decreed that the language of work in Quebec would be the French language. With the majority of Canadian domestic and international business being carried out in the English language , this law effectively drove some major companies to trade stock at the Toronto Stock Exchange , where business could be done in English.

In , the Montreal Stock Exchange changed its name to the Montreal Exchange to reflect the growing importance of financial instruments other than stocks—primarily options and futures—on its trading floor.

In , the Vancouver, Alberta, Toronto and Montreal exchanges agreed to restructure the Canadian capital markets along the lines of market specialization, resulting in the Montreal Exchange assuming the position of Canadian Derivatives Exchange for the following 10 years. Trading in the shares of large companies was transferred to the Toronto Stock Exchange TSX , and in the trading of smaller companies to the new Canadian Venture Exchange now: This change, which reflected the economic reality that most equity trading had moved to the TSE, caused consternation among those in favour of political independence for the province of Quebec.

At the end of , the Exchange had completed its migration from an open outcry environment to a fully automated trading system, becoming the first traditional exchange in North America to complete this transformation.

In the process, it modified the market model for trading, from a traditional specialist model to a competing market making model for the equity option market. In February , the Exchange became the sole provider of electronic trading systems and support for the Boston Options Exchange BOX , making it the first foreign exchange to be responsible for the day-to-day technical operations of an American exchange using the Sola Trading electronic platform.

The Montreal Exchange has a On December 10, , TSX Group announced that it had acquired Montreal Exchange Inc.

Montreal Exchange - Wikipedia

Xavier Rolet , who currently is CEO of the LSE Group , would head the new enlarged company, while TMX Chief Executive Thomas Kloet would become the new firm president. On June 13, , a rival, and hostile bid from the Maple Group of Canadian interests, was unveiled. The group is composed of the leading banks and financial institutions of Canada. The Montreal Curb Market was a stock exchange created in for trading in stocks that were considered to be too speculative or junior to be traded on the Montreal Stock Exchange MSE.

As these companies matured, trading in their shares was transferred to the MSE. In , the Montreal Curb Market changed its name to Canadian Stock Exchange.

Merger of TSX Group Inc. and Bourse de Montréal Inc. - Competition Bureau

On November 29, the small-cap portion of the equities market of the Montreal Exchange was merged into the Canadian Venture Exchange CDNX , along with the Alberta Stock Exchange ASE and the Vancouver Stock Exchange VSE. The Canadian Dealing Network and Winnipeg Stock Exchange also merged with CDNX. The Canadian Venture Exchange is today known as the TSX Venture Exchange and is based in Calgary , although still has offices in Montreal.

The Montreal Climate Exchange or MCeX was started as a joint venture between the Montreal Exchange and the now-defunct Chicago Climate Exchange CCX. It trades futures contracts on greenhouse gases. Established on July 12, and launched on May 30, , MCeX is the first regulated environmental market in Canada. As part of the federal climate plan, [13] in addition to internal reductions, large regulated industrial emitters in Canada are able to choose to buy emission units on the domestic carbon market.

These emitters are able to sell their credits on the market or keep them for subsequent compliance years. Futures contracts sold on the MCeX are equal to Canada carbon dioxide equivalent units one metric ton of carbon dioxide equivalent. From Wikipedia, the free encyclopedia.

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