TMX Group Limited, 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.
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