Canadian Stock Exchange

Stock exchanges play a big role in society today all oer the field with some economically developed countries having one. They are closely related to the parsimony that companies and society operates within, such that if there is a depression in a country then the deport marketplace ordain usually fall but this in turn excessively causes the economy to decline as people see the market drop and start to worry. Even though stock markets take care to operate in confusable ways and endure similar effects on the economy they are all unique with their own news report and systems. The stock market that I have intractable to have a closer look at is the Toronto stock exchange (TSX) in Canada as it has an interesting history as well as a promising future. The Toronto stock exchange started off as an association of brokers by 12 businessmen in 1852 and was officially founded on the 25th October 1861 where it held 18 different securities which were charged a rank fee of $5 and traded for daily half hour sessions with an average of 2 or 3 transactions a day. In 1878 the TSX was officially structured and they moved into their first permanent headquarters at 24 King course East in Toronto.

By 1901 the membership fee had increased to $12,000 and the number of listed companies had increased to 100 companies, which resulted in annual work volume to reach almost 1 million shares. Due to the large increase in trading the stock exchange was relocated to 20 King Street East and introduced a continuous auction trading system. When WW1 stricken there was great panic that the contend would cause people to panic and cause a financial crises so it was decided to halt all operations for 3 months to stop this from happening. During the war there was a surge in stock prices throughout the stock exchange but this did not last abundant as by 1919 stock prices started to fall again due(p) to inflation caused by the end of the war. In 1933 the was another world wide depression which affected stock markets all over the world,... If you want to get a full essay, order it on our website: Ordercustompaper.com

If you want to get a full essay, wisit our page: write my paper