TMX Group Limited, operator of the Toronto Stock Exchange and another four marketplaces – TSX Venture Exchange, Alpha, Montreal Exchange (MX) and NGX – has reported its aggregated trading metrics for September 2017, which showed an ongoing bounce off 2017 lows, with market drivers and volatility in North America helping yield strong equities activity for the month.
During the month of September 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 521.8 million contracts, which represents a strong uptick over a monthly timeframe, as volumes rose 24.0 percent month-on-month from 420.3 million back in August 2017. However, the latest figures constitute a loss of 10.6 percent year-on-year in terms of volumes from 577.1 million in September 2016.
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In money terms, the total trading value of contracts for September averaged $6.5 billion per day, up 25 percent month-over-month from $5.2 billion for August 2017. Compared to last year’s figures, the ADV cash value in September 2017 reflected a notable advance compared to the same month of 2016, netting a 8.3 percent year-over-year increase from $6.0 billion a year earlier.
TMX Group further stated that on September 6, 2017, the Montreal Exchange hit a new monthly volume record for open interest record on the Three-Month Canadian Bankers’ Acceptance Futures, surpassing 1.15 million contracts traded for the first time in history.
Across the year-to-date (YTD) interval, the total turnover through September 2017 came in at $1.23 trillion, a gain of 7.0 percent from $1.15 trillion in the same nine-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.