TMX Group Limited, operator of the Toronto Stock Exchange and another four marketplaces – TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX – has reported its aggregated trading metrics for June 2017, which were again firmly entrenched in the year-over-year downtrend seen since the beginning of the year.
During the month of June 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 542.9 million contracts, which represents a slight move higher over a monthly timeframe, as volumes rose 0.2 percent month-on-month from 541.8 million back in May 2017. However, the latest figures constitute a loss of 13.8 percent year-on-year in terms of volumes from 630.0 million in June 2016.
In money terms, the total trading value of contracts for June averaged $7.1 billion per day, marginally higher month-over-month from $7.0 billion for May 2017. Compared to last year’s figures however, the ADV cash value in June 2017 reflected a strong advance compared to the same month of 2016, netting a 5.97 percent year-over-year increase from $6.7 billion a year earlier.
TMX Group further stated that in June 2017, the Montreal Exchange hit a new monthly volume record for options, surpassing 10 million derivatives contracts traded for the first time in history. MX also reached a new open interest record for the Three-Month Canadian Bankers’ Acceptance Futures (BAX), which reached 1,128,968 contracts on June 13, 2017, and the S&P/TSX 60 Index Standard Futures (SXF), which recorded 390,831 contracts on the day prior.
Across the year-to-date (YTD) interval, the total turnover through June 2017 came in at $890.2 billion, a gain of 11.2 percent from $800.3 billion in the same half-year 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.