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.