TMX Group's Trading Volumes Trend Lower in October 2017
- The TMX turnover retreated over a monthly and yearly basis, attesting to a lackluster October.
TMX Group Limited, operator of the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term and another four marketplaces – TSX Venture Exchange, Alpha, Montreal Exchange (MX) and NGX – has reported its aggregated trading metrics for October 2017. The latest metrics were largely mixed, as Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term helped it bounce off 2017 lows in the prior month.
During the month of October 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 513.2 million contracts, which represents a decrease over a monthly timeframe, as volumes fell 1.6 percent month-on-month from 521.8 million back in September 2017. Additionally, the latest figures constitute a loss of 8.7 percent year-on-year in terms of volumes from 561.9 million in October 2016.
In money terms, the total trading value of contracts for October averaged $5.6 billion per day, down 12.7 percent month-over-month from $6.4 billion for September 2017. Compared to last year’s figures, the ADV cash value in October 2017 reflected a flat change compared to the same month of 2016.
Across the year-to-date (YTD) interval, the total turnover through October 2017 came in at $1.35 trillion, a gain of 6.7 percent from $1.26 trillion in the same ten-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.
TMX Group Limited, operator of the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term and another four marketplaces – TSX Venture Exchange, Alpha, Montreal Exchange (MX) and NGX – has reported its aggregated trading metrics for October 2017. The latest metrics were largely mixed, as Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Traders Read this Term helped it bounce off 2017 lows in the prior month.
During the month of October 2017, TMX and all of its marketplaces reported an average daily volume (ADV) of 513.2 million contracts, which represents a decrease over a monthly timeframe, as volumes fell 1.6 percent month-on-month from 521.8 million back in September 2017. Additionally, the latest figures constitute a loss of 8.7 percent year-on-year in terms of volumes from 561.9 million in October 2016.
In money terms, the total trading value of contracts for October averaged $5.6 billion per day, down 12.7 percent month-over-month from $6.4 billion for September 2017. Compared to last year’s figures, the ADV cash value in October 2017 reflected a flat change compared to the same month of 2016.
Across the year-to-date (YTD) interval, the total turnover through October 2017 came in at $1.35 trillion, a gain of 6.7 percent from $1.26 trillion in the same ten-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.