TMX Group Discloses Further Volumes Decline in May 2018

TMX Group Limited, the operator of the Toronto Stock Exchange Stock Exchange A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin A stock exchange, also known as a securities exchange or bourse represents is a facility where stockbrokers and traders can buy and sell securities.This includes shares of stock, bonds, exchange-traded funds (ETFs), or other financial instruments. By extension, stock exchanges can also provide facilities for the issue and redemption of such securities and instruments and capital events including the payment of income and dividendsStock exchanges have developed into a permanent fixture in the fin Read this Term and another four marketplaces, has reported its aggregated trading metrics for May 2018, which were again firmly entrenched in the year-over-year downtrend.

For May 2018, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 501 million contracts, which represents a decrease over a monthly timeframe, as volumes fell month-on-month from 503.4 million back in April 2018. Additionally, the latest figures constitute a loss of 7.9 percent year-on-year in terms of volumes from 541.8 million in May 2017.

In money terms, the total trading value of contracts for May averaged $6.8 billion per day, up 17.0 percent month-over-month from $5.9 billion for April 2018. Compared to last year’s figures, the ADV cash value in May 2018 reflected a drop by 3.0 percent compared to the same month of 2017.

Across the year-to-date (YTD) interval, the total turnover through May 2018 came in at $753 billion, a gain of 2.8 percent from $732 billion in the same three-month period a year ago.

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.

TMX Group was in the news last March after the Toronto Stock Exchange Exchange An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv Read this Term owner launched a cryptocurrency brokerage service through its Shorcan Digital Currency Network subsidiary.

Shorcan DCN has teamed up with Toronto-based Paycase Financial Corp., which specializes in decentralized financial services including a mobile-based remittance platform.

Meanwhile, Canada has proven to be an attractive location for Chinese Bitcoin mining companies in their search for a new home, as the climate is conducive to the effective operation of the mining computers.