TMX Group Sees Trading Volumes Tick Higher in September 2016

During the month, TMX set a new daily volume record for the S&P/TSX 60 Index Standard Futures (SXF).

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 September 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 September 2016, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 577.1 million contracts, which represents a move higher over a monthly timeframe, as volumes jumped 6.34 percent MoM from 542.7 million back in August 2016. In addition, the latest figures constitute a jump of 21.9 percent YoY in terms of volumes from September 2015.

In money terms, the total trading value of contracts for September came in at $126,908,461,811, climbing 8.4 percent MoM from $116,974,302,408 for August 2016. Compared to the last year’s figures, the total cash value in September 2016 reflected a slight advance compared to the same month of 2015, netting a 1.1 percent YoY increase from $125,619,389,203.

TMX Group further stated that on September 12, 2016, the Montreal Exchange had hit a new record for daily volume on the S&P/TSX 60 Index Standard Futures (SXF) at 190,810 contracts. Further, a monthly volume record for the SXF was also reached in September 2016 with 908,029 contracts traded.

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