TMX Group Sees Trading Volumes Tick Lower in March 2017

TMX Group Limited, 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 – TSX Venture 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, TMX Select, Alpha, Montreal Exchange (MX) and NGX – has reported the aggregated trading metrics for March 2017, which took a step back when weighed against February’s healthy performance.

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During the month of March 2017, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 640.3 million contracts, which represents a move lower over a monthly timeframe, as volumes dropped -9.7 percent month-on-month from 709.0 million back in February 2017. In addition, the latest figures constitute a loss of -2.9 percent year-on-year in terms of volumes from March 2016.

In money terms, the total trading value of contracts for March averaged $7,501 million per day, down -1.2 percent MoM from $7,596 million for February 2017. Compared to the last year’s figures however, the ADV cash value in March 2017 reflected a strong advance compared to the same month of 2016, netting a 13.8 percent year-over-year increase from $6,592 million.

TMX Group further stated that on March 2017, the Montreal Exchange had hit a new monthly volume record for options on Three-Month Canadian Bankers’ Acceptance Futures (OBX) with 315,645 contracts traded on March 7, 2017. MX also reached a new open interest record for the S&P/TSX 60 Index Standard Futures (SXF) with 385,556 contracts on March 14, 2017.

Across the year-to-date (YTD) interval, the total turnover through March 2017 came in at $446.3 billion, a gain of 11.5 percent from $400.2 billion in the same period a year ago.