TMX Group Sees Trading Volumes Tick Lower in March 2017

The latest figures also constitute a loss of -2.9 percent year-on-year in terms of volumes from March 2016

TMX Group Limited, operator of the Toronto Stock Exchange and another four marketplaces – TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX – has reported the aggregated trading metrics for March 2017, which took a step back when weighed against February’s healthy performance.

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During the month of March 2017, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 640.3 million contracts, which represents a move lower over a monthly timeframe, as volumes dropped -9.7 percent month-on-month from 709.0 million back in February 2017. In addition, the latest figures constitute a loss of -2.9 percent year-on-year in terms of volumes from March 2016.

In money terms, the total trading value of contracts for March averaged $7,501 million per day, down -1.2 percent MoM from $7,596 million for February 2017. Compared to the last year’s figures however, the ADV cash value in March 2017 reflected a strong advance compared to the same month of 2016, netting a 13.8 percent year-over-year increase from $6,592 million.

TMX Group further stated that on March 2017, the Montreal Exchange had hit a new monthly volume record for options on Three-Month Canadian Bankers’ Acceptance Futures (OBX) with 315,645 contracts traded on March 7, 2017. MX also reached a new open interest record for the S&P/TSX 60 Index Standard Futures (SXF) with 385,556 contracts on March 14, 2017.

Across the year-to-date (YTD) interval, the total turnover through March 2017 came in at $446.3 billion, a gain of 11.5 percent from $400.2 billion in the same period a year ago.

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