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 January 2018, 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 January 2018, TMX and all of its marketplaces reported an average daily volume (ADV) of 821.8 million contracts, which represents a soild increase over a monthly timeframe, as volumes jumped 19 percent month-on-month from 691 million back in December 2017. Additionally, the latest figures constitute a rise of 13.0 percent year-on-year in terms of volumes from 603 million in January 2017.
In money terms, the total trading value of contracts for January averaged $7.74 billion per day, up 14.3 percent month-over-month from $6.8 billion for December 2017. Compared to last year’s figures, the ADV cash value in January 2018 reflected a more upbeat change when weighed against $6.11 billion in the same month of 2017, or higher 26 percent year-over-year.
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.
Earlier in December, TMX Group has completed the previously announced deal to buy the broker-tech platform licenser Trayport from Intercontinental Exchange Inc., which owns futures markets and the New York Stock Exchange.
The terms of the sale, agreed in October 2017, include a payment of £550 million ($721.2 million), of which £350 million is in cash and £200 million in exchange for selling Natural Gas Exchange (NGX) and Shorcan Energy Brokers (Shorcan Energy) to ICE.