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 December 2017, which were largely positive, helping continue a recent rebound off the weak performance of the second quarter.
During the month of December 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 691 million contracts, which represents a mild increase over a monthly timeframe, as volumes jumped 5 percent month-on-month from 659.2 million back in November 2017. Additionally, the latest figures constitute a rise of 13.0 percent year-on-year in terms of volumes from 612 million in December 2016.
In money terms, the total trading value of contracts for December averaged $6.8 billion per day, up 12.9 percent month-over-month from $5.05 billion for November 2017. Compared to last year’s figures, the ADV cash value in December 2017 reflected a flat change when weighed against $6.7 billion in the same month of 2016.
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Across the year-to-date (YTD) interval, the total turnover through December 2017 came in at $1.61 trillion, a gain of 4.2 percent from $1.55 trillion in the same 11 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.
Last month, 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 in cash and £200 million in exchange for selling Natural Gas Exchange (NGX) and Shorcan Energy Brokers (Shorcan Energy) to ICE.