TMX Group Discloses Further Volumes Decline in April 2019

TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 540 million contracts.

TMX Group Limited, the operator of the Toronto Stock Exchange and another four marketplaces, has reported its aggregated trading metrics for April 2019, which were again firmly entrenched in the month-over-month downtrend.

For April 2019, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 540 million contracts, which represents a 14 percent decrease over a monthly timeframe, as volumes fell month-on-month from 629 million back in March 2019. However, the latest figures constitute a gain of 7.4 percent year-on-year in terms of volumes from 503 million in April 2018.

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In money terms, the total trading value of contracts for April averaged $6.56 billion per day, down 22 percent month-over-month from $8.42 billion for March 2019. Compared to last year’s figures, the ADV cash value in April 2019 reflected a rise by 23.0 percent compared to the same month of 2018.

Across the year-to-date (YTD) interval, the total turnover through April 2019 came in at $662 billion, a gain of 9.7 percent from $604 billion in the same four-month period a year ago.

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Crypto Ambitions

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 year after the Toronto Stock Exchange owner launched a cryptocurrency brokerage service through its Shorcan Digital Currency Network subsidiary.

Shorcan DCN has teamed up with Toronto-based Paycase Financial Corp., which specializes in decentralized financial services including a mobile-based remittance platform.

Meanwhile, 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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