TMX Group Reports Mixed Volumes for September 2020

For September 2020, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 673 million contracts.

TMX Group Limited, the operator of the Toronto Stock Exchange and another four marketplaces, has reported its aggregated trading metrics for September 2020, which were again firmly entrenched in the month-over-month mixed trend.

For September 2020, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 673 million contracts, which represents a 3 percent decrease over a monthly timeframe, as volumes fell month-on-month from 691 million back in August 2020. However, the latest figures constitute a gain of 26 percent year-on-year in terms of volumes from 534 million in September 2019.

The Most Diverse Audience to Date at FMLS 2020 – Where Finance Meets Innovation

In money terms, the total trading value of contracts for September averaged $9.4 billion per day, up 16 percent month-over-month from $8.1 billion for August 2020. Compared to last year’s figures, the ADV cash value in September 2020 reflected a rise by 14.0 percent compared to the same month in 2019.

Across the year-to-date (YTD) interval, the total turnover through September 2020 came in at $1.88 trillion, a gain of 32 percent from $1.42 trillion in the same nine-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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