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 its aggregated trading metrics for July 2017, which saw volumes shrinking sharply even when weighed against June’s flat performance.
During the month of July 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 411.0 million contracts, which represents a move lower over a monthly timeframe, as volumes dropped 24.3 percent month-on-month from 542.9 million back in June 2017. In addition, the latest figures constitute a loss of 25.5 percent year-on-year in terms of volumes from July 2016.
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In money terms, the total trading value of contracts for July averaged $5,053 million per day, down 29.4 percent month-over-month from $7,156 million for June 2017. Compared to last year’s figures the ADV cash value in July 2017 reflected an additional drop when weighed against to the same month of 2016, netting a 7.5 percent year-over-year loss, from $5,464 million.
Year-to-date, the total turnover through July 2017 came in at $101.06 billion, shedding 7.4 percent from $109.3 billion in the same period a year ago.