RE:RE:VolumeThe tsx isn't a government department or a utility. It never was. It's a for profit company. You can buy stock in the toronto stock exchange if you want. I wouldn't. Symbol is 'X' for the TMX group. It has a market cap of nearly $9 Billion. Revenue in 2022 was $1.9 Billion. That's a LOT of fees paid by everyone that trades shares on the tsx or lists their company on the tsx. It used to be a private company, like a club, owned by all the largest brokers, banks, traders in Canada. Then it went public and became motivated to maximize its fees and profits. This meant a lot of the biggest fee payers to the TSX were paying way more than they wanted to. So they started their own exchange. These new exchanges don't have a "trading floor" like the tsx or like you see in the movies. It's all done electronically. All those other exchanges you see are new private exchanges that didn't exist 20 years ago. Big banks and insurance companies and institutional money managers use these exchanges to massively cut their transaction fees and to improve the privacy of their trading. That's how it came to be. More or less. Now it's not at all uncommon for trading volume on the tsx to be less than the "other" , private, "alternate", exchanges.