TMX Group’s July Volumes with Biggest Drop in Several Months

TMX Group Limited, operator of the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term and another four marketplaces – TSX Venture Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, TMX Select, Alpha, Montreal Exchange (MX) and NGX – has reported its aggregated trading metrics for July 2017, which saw volumes shrinking sharply even when weighed against June’s flat performance.

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During the month of July 2017, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 411.0 million contracts, which represents a move lower over a monthly timeframe, as volumes dropped 24.3 percent month-on-month from 542.9 million back in June 2017. In addition, the latest figures constitute a loss of 25.5 percent year-on-year in terms of volumes from July 2016.

In money terms, the total trading value of contracts for July averaged $5,053 million per day, down 29.4 percent month-over-month from $7,156 million for June 2017. Compared to last year’s figures the ADV cash value in July 2017 reflected an additional drop when weighed against to the same month of 2016, netting a 7.5 percent year-over-year loss, from $5,464 million.

Year-to-date, the total turnover through July 2017 came in at $101.06 billion, shedding 7.4 percent from $109.3 billion in the same period a year ago.