How to Buy TSX Stocks Online

How to Buy TSX Stocks Online

By: Ryan Cockerham | Reviewed by: Ashley Donohoe, MBA | Updated  13, 2020
The Toronto Stock Exchange is widely considered to be the most important Canadian stock exchange in operation today. First established in 1852, the Toronto Stock Exchange has grown to become the third-largest stock exchange in North America in terms of capitalization, only behind the Nasdaq composite and the New York Stock Exchange.
In terms of the number of securities listed, the Toronto Stock Exchange is currently the largest in the world. For those who are interested in purchasing stocks listed on the Toronto Stock Exchange, also referred to as TSX, this can be accomplished relatively easily. Fortunately, a large number of domestic brokerage firms in the United States allow individuals to purchase stocks found on TSX using their online trading platforms.

Tip

The Toronto Stock Exchange is one of North America's most active and diverse financial marketplaces. Individuals who are interested in investing in the wide variety of energy, finance and natural resource-focused companies listed on the TSX can do so using online brokerage firms.

Basics of the TSX Exchange

Much like any U.S.-based stock exchange, the TSX allows investors to buy and sell securities during their standard hours of operation, those being 9:30 a.m. to 4:00 p.m. Eastern Standard Time. Investors who buy and sell stocks on the NYSE and the Nasdaq will note that the TSX operates within an identical time frame.
In order to be listed on the TSX, a company may be required to meet a series of different regulatory benchmarks depending specifically on the nature of their business. For example, technology companies that are seeking a listing on the TSX must first demonstrate a minimum of $50,000,000 in market value for future issued securities. Companies specializing in research and development must demonstrate a minimum of $12,000,000 in market value for future issued securities. Additional parameters with specific benchmarks that must be met include net tangible assets, sponsorship requirements, pretax income and operational history, among others.

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