TMX Group Sees Trading Volumes Tick Higher in December 2016

During December 2016, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 612.1 million contracts.

TMX Group Limited, operator of the Toronto Stock Exchange and another four marketplaces including TSX Venture Exchange, 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.

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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.

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