TMX’s March Volumes Cap Off Strong Run

TMX's overall volumes continued a consecutive monthly growth in March.

TMX Group Limited has reported its monthly trading statistics and figures for March 2016, including results for the Toronto Stock Exchange, TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX), and NGX. Overall, volumes were pointed higher during the month, notching solid gains across key areas, 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. The network of exchanges was already riding a nice run in 2016, which continued into March.

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During March 2016, TMX and all of its marketplaces saw equities volumes of 14,507,052,605, jumping by a margin of 22.4% MoM from 11,844,736,512 in February 2016. Looking at a yearly timetable however, the performance in overall equities volume was also positive, rising 10.2% YoY from 13,162,246,524 in March 2015.

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Across all three exchanges, the total cash value in March 2016 came in at $145,032,850,889, climbing 11.5% MoM from $130,073,906,784 in February 2016. The latest cash value in March 2016 across the exchanges edged slightly lower when measured against its 2015 counterpart, retreating less than -1.0% YoY from $146,041,475,374 in March 2015.

Looking at a year-to-date (YTD) perspective, all three exchanges experienced declines across its overall volume (-2.8%), cash value (-7.4%), and transactions (-8.4%).

In terms of specific exchanges, the Toronto Stock Exchange (TSX) experienced a solid performance, netting a volume of $10,439,254,194 in March 2016, gaining 21.8% from $8,570,104,159 in February 2016, along with a YoY surge of 36.1% from $7,667,308,470 in March 2015.

The only blemish was seen at MX, which saw its derivatives volume fall to 7,812,111 contracts in March 2016, down -7.8% MoM from 8,470,741 contracts in February 2016.

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