Volumes down

TMX Group Average Daily Volume Drops in November

The cash and derivatives marketplaces operator reports overall declines across asset classes and subsidiaries

TMX Group, operator of the Toronto Stock Exchange and another four marketplaces, reported lower average daily trading volumes across the board for November.

The figure stood at 446.2 million contracts, versus 504.1 million contracts in October, and 555.3 million contracts in November last year. In value terms, average daily trades totaled CAD 5.026 billion ($3.76 bln), down from CAD 6.069 billion ($4.55 bln) in October. In November 2014, the average daily value of trades across TMX Group’s marketplaces stood at CAD 6.325 billion ($4.74 bln).

For the whole month of November, TMX Group reported trading volumes of 9.37 billion contracts across the Toronto Stock Exchange, the TSX Venture Exchange, TSX Alpha Exchange, Montreal Exchange and NGX.

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This was down from 10.586 billion contracts for October, and 11.105 billion contracts in November 2014.

In money terms, the total trading value of contracts for November came in at CAD 105.551 billion ($79.06 bln), versus CAD 127.457 billion ($95.47 bln) for October 2015, and CAD 126.506 billion ($94.76 bln) for November 2014.

TMX Group said in its volumes report for November that the Montreal Exchange had hit a record on S&P/TSX 60 Index Options of 42,062 contracts in mid-November, as well as a record on open interest of almost 7 million contracts on November 19.

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