TMX Group Sees Trading Volumes Tick Higher in December 2016

TMX Group Limited, operator of the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term and another four marketplaces including TSX Venture Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term, TMX Select, Alpha, Montreal Exchange (MX) and NGX, reported the aggregated trading metrics for December 2016, which took another step forward, ultimately adding to last ‎month’s healthy gains across volumes, values and transactions. To unlock the Asian market, register now to the iFX EXPO in Hong Kong During the month of December 2016, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 612.1 million contracts, which represents a move higher over a yearly timeframe, as volumes jumped 25.2 percent YoY from $488.7 million back in December 2015. However, the latest figures constitute a drop of -2 percent MoM in terms of volumes from November 2016. In money terms, the total trading value of contracts for December came in at $6,724 million, up less than one percent MoM from 6,668 million for November 2016. Compared to the last year’s figures, the total cash value in December 2016 reflected a strong advance compared to the same month of 2015, netting a 15.6 percent YoY increase from $5,816 million. TMX Group further stated that on December 2016, the Montreal Exchange had hit a new monthly volume record for options on exchange traded funds (ETFs) with 1,693,466 contracts traded. Further, MX set a new overall open interest record of 7,678,048 contracts traded on December 15, 2016.