TMX Group’s Trading Volumes Continue to Trend Lower in March

TMX Group Limited, the operator of the Toronto Stock Exchange and another four marketplaces, has reported its aggregated trading metrics for March 2018, which were again firmly entrenched in the year-over-year downtrend.

During the month of March 2018, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 576.8 million contracts, which represents a decrease over a monthly timeframe, as volumes fell -13 percent month-on-month from 663.0 million back in February 2018. Additionally, the latest figures constitute a loss of 9.9 percent year-on-year in terms of volumes from 640.3 million in March 2017.

In money terms, the total trading value of contracts for March averaged $7.23 billion per day, down 12.0 percent month-over-month from $8.3 billion for February 2018. Compared to last year’s figures, the ADV cash value in March 2018 reflected a flat change compared to the same month of 2017.

Across the year-to-date (YTD) interval, the total turnover through March 2018 came in at $480 billion, a gain of 7.6 percent from $446 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.