The Bourse de Montréal (Montreal Stock Exchange) began in 1832 as an informal stock exchange at the Exchange Coffee House in Montreal, Canada.
In 1874, the Bourse de Montréal/Montreal Stock Exchange was established under Charter, after more than 40 years of informal trading, primarily in railroad and bank securities.
In 1982, 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 1999, 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. Trading in the shares of large companies was transferred to the Toronto Stock Exchange, and in the trading of smaller companies to the new Canadian Venture Exchange. 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, because it means that any future independent Quebec would not have its own equities exchange.
The Bourse is located in the Tour de la Bourse, Montreal's third-tallest building, an International Style tower by Luigi Moretti and Pier Luigi Nervi. Built in 1964, this 190-metre building was the world's tallest concrete tower until the completion of Lake Point Tower in Chicago in 1968, and the tallest building in Canada until the completion of Toronto's Toronto Dominion Bank Tower in 1967. It is now the 13th-tallest building in Canada. It is located at 800, rue du Square-Victoria, and is connected by the underground city to Square-Victoria metro station.
The genesis of the first Canadian stockexchange dates back to 1832, when shares of Canada’s railroad were traded informally by a small group of brokers in a Montréal coffee house.
By 1910, the number of shares traded in the MSE was 2.1 million annually, compared with only 0.9 million in the Toronto StockExchange (TSE).
Gradually, the MSE weathered the effects of the stock market crash of 1929, and continued to grow slowly with just a few sharp declines, such as the one that occurred during the stock market panic of October 1987.
The Bourse began in 1832 as an informal stockexchange at the Exchange Coffee House in Montreal, Canada.
Trading in the shares of large companies was transferred to the Toronto StockExchange (TSX), and in the trading of smaller companies to the new TSX Venture Exchange.
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