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 November 2017, which were largely positive, helping stage a rebound off the weak performance of the prior month.
During the month of November 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 659.2 million contracts, which represents a massive increase over a monthly timeframe, as volumes jumped 28.4 percent month-on-month from 521.8 million back in October 2017. Additionally, the latest figures constitute a rise of 6.3 percent year-on-year in terms of volumes from 619.9 million in November 2016.
What to Look for in a Liquidity ProviderGo to article >>
In money terms, the total trading value of contracts for November averaged $6.05 billion per day, up 7.32 percent month-over-month from $5.6 billion for October 2017. Compared to last year’s figures, the ADV cash value in November 2017 reflected a drop of 9.2 percent when weighed against $6.7 billion in the same month of 2016.
Across the year-to-date (YTD) interval, the total turnover through November 2017 came in at $1.48 trillion, a gain of 5.0 percent from $1.41 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.