TMX Group Reports Bump in February 2017 Volumes

Year-to-date, the total turnover through February 2017 came in at $273.8 billion.

TMX Group Limited, operator of the Toronto Stock Exchange and another four marketplaces – TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX – has reported the aggregated trading metrics for February 2017, which took another step forward, ultimately adding to last ‎month’s healthy gains across volumes, values and transactions.

During the month of February 2017, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 709.0 million contracts, which represents a move higher over a yearly timeframe, as volumes jumped 19.7 percent YoY from 592.2 million back in February 2016. In addition, the latest figures constitute a gain of 17.5 percent MoM in terms of volumes from January 2017.

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In money terms, the total trading value of contracts for February came in at $7,596 million, up 23.2 percent MoM from $6,163 million for January 2017. Compared to the last year’s figures, the total cash value in February 2017 also reflected a strong advance compared to the same month of 2016, netting a 16.8 percent YoY increase from $6,503 million.

TMX Group further stated that on February 2017, the Montreal Exchange had hit a new monthly volume record for options on Three-Month Canadian Bankers’ Acceptance Futures (OBX) with 315,410 contracts traded on February 17, 2017.

Across the year-to-date (YTD) interval, the total turnover through February 2017 came in at $273.8 billion, a gain of 7.4 percent from $255.14 billion in the same period a year ago.

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