TMX Group Kicks off 2021 Volumes on High Note, Crosses 1B Contracts

TMX Group Limited, the operator of the Toronto Stock Exchange and another four marketplaces, has reported its aggregated trading metrics for January 2021, which were again firmly entrenched in the month-over-month uptrend.

For January 2021, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 1.2 billion contracts, which represents a 19 percent increase over a monthly timeframe, as volumes rose month-on-month from 865 million back in December 2020. Further, the latest figures constitute a gain of 100 percent year-on-year in terms of volumes from 515 million in January 2019.

In money terms, the total trading value of contracts for January averaged $11.3 billion per day, which is up 5.6 percent month-over-month from $10.7 billion for December 2020. Compared to last year’s figures, the ADV cash value in January 2021 reflected a rise of 49 percent compared to the same month in 2019.

TMX Group Digs Further into Crypto Ambitions

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 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 owner has increasingly become more involved in crypto business since it launched a cryptocurrency brokerage service through its Shorcan Digital Currency Network subsidiary.

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