TMX Group Limited, operator of the Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX, has reported its aggregated trading metrics for August 2017. The latest figures reflected a bounce off 2017 lows but were still firmly entrenched in the year-over-year downtrend seen since the beginning of the year.
During the month of August 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 420.3 million contracts, which represents a move higher over a monthly timeframe, as volumes rose 2.3 percent month-on-month from 411.0 million back in July 2017.
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In money terms, the total trading value of contracts for August averaged $5.16 billion per day, marginally higher month-over-month from $5.05 billion for July 2017.
Across the year-to-date (YTD) interval, the total turnover through August 2017 came in at $1.10 trillion, a gain of 7.6 percent from $1.02 trillion in the same eight-month period a year ago.
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.