TMX Group’s Volumes and Cash Value Storms Higher in February

TMX Group and all of its marketplaces saw a 14.0% MoM rise in overall volumes, and also notched a similar

TMX Group Limited has released its trading statistics for the month ending February 2016, encompassing each of its marketplaces, i.e. Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX. Collectively, volumes managed to undergo a rise across each exchange group during the month, collectively rising by 14.0% in the aggregate according to a TMX statement.

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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During February 2016, TMX and all of its marketplaces saw equities volumes of 11,844,736,512, which corresponded to a rise of 14.0% MoM from 10,394,583,973 in January 2016. Across a yearly timeframe however, the rise in equities volume was more muted, climbing only 1.3% YoY from 11,696,064,003 in February 2015.

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Across the three exchanges, this amounted to a cash value of $130,073,906,784 in February 2016 2015, gaining 4.0% MoM from $125,075,144,808 in January 2016. February 2016’s cash value did incur a drop when weighed against its 2015 counterpart, falling -3.8% YoY from $135,202,777,782 in February 2015.

The Toronto Stock Exchange (TSX) experienced by far the most pronounced success of the three groups, with February 2016 marking a sizable gain. More specifically, this volume came in at 2,491,943,815 during the month, up 32.0% MoM from 1,887,884,451 in January 2016.

Last month, TMX Group reported its financial results Q4 2015, with its revenues yielding $177.1 million, which constituted a decline of -3.1% YoY from $182.7 million in Q4 2014. This figure was bogged down by the group’s income from operations, which also tumbled to $52.3 million in Q4 2015 from $67.0 million in Q4 2014, or 21.9% YoY. Operating expenses during this interval also rose to $116.6 million, up less than 1.0% YoY to $115.7 million in Q4 2014, squeezing profits.

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