Toronto Stock Exchange (often abbreviated as TSX) is one of the largest stock exchanges in the world. As of February 2015, it has the greatest number of security listings of any exchange in North America and has the second-most listings worldwide. It is also the eighth largest exchange in the world by market capitalization. Based in Toronto, it is owned by and operated as a subsidiary of the TMX Group for the trading of senior equities. A broad range of businesses from Canada and abroad are represented on the exchange. In addition to conventional securities, the exchange lists various exchange-traded funds, split share corporations, income trusts and investment funds.