TMX Group’s November Volumes Explode on Heightened Volatility

A surprise electoral result south of the border helped spark TMX's trading volumes in November.

TMX Group Limited, operator of the Toronto Stock Exchange and a total of four marketplaces including TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX, has just reported the aggregated trading metrics for November 2016, which saw an across the board growth in terms of its volumes, values and transactions.

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. One of the catalysts dictating volumes last month was the presidential election in the United States, which resulted in an upset win by Donald Trump.

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During the month of November 2016, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 619.9 million contracts, which represented a move higher of 10.3% MoM from 561.9 million back in October 2016. Moreover, the latest figures constituted a growth of 38.9% YoY from 446.2 million contracts back in November 2015.

In total terms during November 2016, TMX and all of its marketplaces saw equities volumes of 13.6 billion, rising by a factor of 21.4% MoM from 11.2 billion in October 2016. Looking at a yearly timetable however, the performance in overall equities volume was firmly entrenched in positive territory, climbing 46.2% YoY from 9.3 billion in November 2015.

Across all three exchanges, the total cash value in November 2016 came in at $146.7 billion, justifying a growth of 28.0% MoM from $114.6 billion in October 2016. The latest cash value in November 2016 across the exchanges also moved higher when measured against its 2015 counterpart, ascending 38.9% YoY from $105.6 billion in November 2015.

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