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 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 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.

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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.

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