Montreal Exchange

The Stock Exchange of Montreal ( 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 Exchange was founded in 1874, is located since 1965 in the Tour de la Bourse. In 2007 she was acquired by the Toronto Stock Exchange, the largest stock exchange in Canada.

History

1832 began in the Exchange Coffee House trading in securities. After more than four decades of informal activities, the Montreal Stock Exchange was founded in 1874. She was initially housed in the commodity market and moved in 1904 into its own building on the rue Saint -François -Xavier, which had been designed by the American architect George B. Post. Today it is used by the Centaur Theatre.

1926, the Montreal Curb Market was established to deal in securities that were considered too risky or new came on the market. The company renamed itself in 1953 in the Canadian Stock Exchange to and merged in 1974 with the Stock Exchange of Montreal. In the first decades of existence, the Montreal Exchange, the largest of Canada was, but she lost in the 1930s, its leading position on the Toronto Stock Exchange. In October 1965 she moved to the newly constructed Tour de la Bourse.

The terrorist group Front de libération du Québec committed on February 13, 1969 bombing of the Montreal Stock Exchange, as they considered this as a symbol of the economic supremacy of the English-speaking Canadians. The explosion injured 27 people and caused major damage. After the introduction of the Charter of the French language by the provincial government of Quebec, which established French as a working language, preferred numerous companies to move their trading activities to Toronto, where businesses could continue to be handled in English.

Agreed in 1999, the stock exchanges of Montreal, Toronto and Vancouver, a division of labor. The Montreal Exchange issued the securities trading on Toronto, specializing in derivatives. In December 2007, the Toronto Stock Exchange acquired for 1.31 billion Canadian dollars, the exchange of Montreal, which went up in the TMX Group on May 1, 2008.