Canada’s TMX Group Discloses Positive Metrics for June 2018

The Toronto Stock Exchange owner said volumes rose sequentially on TMX and all of its marketplaces.

Canada’s biggest stock exchange operator, TMX Group Ltd, On Friday reported its aggregated trading metrics for June 2018, which were largely positive, helping stage a rebound off the weak performance of the prior month.

The Toronto Stock Exchange owner said volumes rose sequentially on TMX and all of its marketplaces, which includes Toronto Stock Exchange, TSX Venture Exchange, TSX Alpha Exchange (Alpha) and Montréal Exchange (MX). Specifically, the average daily volume (ADV) ‎was reported at 522 million contracts, which represents a mild increase over a monthly timeframe, as volumes jumped 4.2 percent month-on-month from 501 million back in May 2018. However, the latest figures constitute a drop of 3.8 percent year-on-year in terms of volumes from 543 million in June 2017.

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In money terms, the total trading value of contracts for June averaged $7.3 billion per day, up 7.4 percent month-over-month from $6.8 billion for May 2018. Compared to last year’s figures, the ADV cash value in June 2018 rose 2.8 percent when weighed against $7.15 billion in the same month of 2017.

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Across the year-to-date (YTD) interval, the total turnover through June 2018 came in at $906 billion, a gain of 1.8 percent from $890 billion in the same six-month period a year ago.

TMX Group and its subsidiaries operate both cash and derivative markets and clearinghouses across multiple asset classes, including equities, fixed income, and energy, among others.

TMX Group was in the news last March after it launched a cryptocurrency brokerage service through its Shorcan Digital Currency Network subsidiary.

Canada has proven to be an attractive location for Chinese Bitcoin mining companies in their search for a new home, as the climate is conducive to the effective operation of the mining computers.

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