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.

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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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