TMX Group Sees Solid Growth in August Equities and Derivatives Trading

The exchange operator reported a big uptick in both equities and derivatives trading last month.

TMX Group (TMX), the owner of the Toronto Stock Exchange and Montreal Exchange, released its trading report for August of 2018. The group saw year-on-year and month-on-month growth in trading volumes, value and transactions across the summer month.

In August of 2017, TMX reported a total trading volume of 11.35 billion equities contracts. That was a near 26.6 percent increase on July’s 8.96 billion contracts. It was a slightly smaller, 22.7 percent increase on August 2017 when the exchange group reported a total of 9.25 billion contracts.

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Growth in trading volume was echoed by an increase in the total value of equities traded. In August of last year, TMX reported total trading value of $113.67 billion and, in July of 2018, $117.71 billion. This August, the firm reported total equities trading of $146.34 billion – a 24.3 month-on-month increase and a 28.7 percent year-on-year increase.

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TMX Derivatives Uptick

In the derivatives markets, things were similarly rosy for TMX. The exchange operator reported a total of 10.67 million in trading contracts for August of this year. That was a 23.9 percent increase on July’s 8.62 million contracts and a 38 percent increase on the 7.74 million contracts trade in August 2017.

Growth in the number of open interest contracts was less impressive but still positive for the exchange. In August 2017, the Canadian exchange operator reported total open interest contracts trading of 6.70 million. That number increased to 8.25 million in July of 2018. This August, however, the number was 8.40 million – a 25.3 percent year-on-year increase and a 1.8 percent month-on-month increase.

For the year to date, TMX saw solid growth in both the derivatives and equities markets. In the latter, trading volumes have increased by 2.7 percent – from 93.14 billion contracts to 95.67 billion contracts. In the derivatives market, things were more impressive. The number of contracts traded grew from 64.01 million contracts to 73.29 million contracts – a 14.4 percent increase.

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