TMX’s Equities Turnover Trends Lower in April, Dictated by Lower Volatility

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 the four marketplaces TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX, has reported its aggregated trading metrics for April 2017. The latest metrics were largely mixed, following an influence of Volatility Volatility In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad Read this Term south of the border.

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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. One of the largest influences on its volumes on a month-over-month basis has been a decrease of volatility across its markets, in conjunction with a lighter trading schedule for the month.

During the month of April 2017, TMX and all of its marketplaces reported an average daily volume (ADV) ‎of 576.0 million contracts, which represented a decrease of -10.0 percent month-over-month from 640.3 million back in March 2017. Furthermore, the latest figures constituted a larger decline of -14.9 percent year-over-year from 676.6 million contracts back in April 2016.

On an aggregated basis during April 2017, TMX and all of its marketplaces saw equities volumes of 10.9 billion, falling by a margin of -25.9 percent month-over-month from 14.7 billion in March 2017. Looking across a yearly timetable, the performance in overall equities volume was also entrenched in negative territory, declining -23.2 percent year-over-year from 14.2 billion in March 2016.

Across all three exchanges, the total cash value in April 2017 came in at $131.4 billion, a decline of -23.8 percent month-over-month from $172.5 billion in March 2017. The latest cash value in April 2017 across the exchanges did move higher when measured against its 2016 counterpart, ascending 4.5 percent year-over-year from $125.7 billion in April 2016.