TMX Group’s August Volumes Pointed Higher, Bucking Industry Trend

Volumes were higher across the board in August, allaying a recent downtrend at TMX seen last month.

TMX Group Limited has reported its monthly trading statistics and figures for August 2016, which includes the aggregated figures and volumes for the Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX), and NGX. Overall, the group’s volumes were largely stronger during for the month, seeing healthy growth across volumes, values and transactions, according to a TMX report.

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TMX Group and its subsidiaries operate both cash and derivative markets and clearinghouses across multiple asset classes, including equities, fixed income and energy, among others. An earlier uptick during H1 across the comprehensive network of exchanges was briefly interrupted last month, though the latest figures suggest volumes are on the uptick despite low volatility in North American markets.

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Upbeat Performance

During August 2016, TMX and all of its marketplaces saw equities volumes of 11.9 billion, rising by a factor of 8.2% MoM from 11.0 billion in July 2016. Looking at a yearly timetable however, the performance in overall equities volume was firmly entrenched in territory, climbing 19.0% YoY from 10.0 billion in August 2015.

Across all three exchanges, the total cash value in August 2016 came in at $116.9 billion, climbing 6.9% MoM from $109.3 billion in July 2016. The latest cash value in August 2016 across the exchanges did however move lower when measured against its 2015 counterpart, retreating 3.9% YoY from $121.7 billion in August 2015.

Looking at a year-to-date (YTD) perspective, all three exchanges experienced mixed performances across overall volume (10.3%), cash value (-1.8%), and transactions (-8.5%).

In terms of specific exchanges, the Toronto Stock Exchange (TSX) yielded an upbeat performance for the month, notching a volume of $6.9 billion in August 2016, growing -4.5% from $6.6 in July 2016, along with a YoY jump of 7.8% from $6.4 in August 2015.

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