TMX Group’s July Volumes with Most Significant Drop in Several Months


This article was originally posted here.

TMX Group Limited, operator of the Toronto Stock Exchange and another 4 markets– TSX Venture Exchange, TMX Select, Alpha, Montreal Exchange (MX) and NGX– has reported its aggregated trading metrics for July 2017, which saw volumes diminishing dramatically even when weighed versus June’s flat performance.

Throughout the month of July 2017, TMX and all its markets reported a typical everyday volume (ADV) of 411.0 million agreements, which represents a move lower over a regular monthly time frame, as volumes dropped 24.3 percent month-on-month from 542.9 million back in June 2017. In addition, the most recent figures make up a loss of 25.5 percent year-on-year regarding volumes from July 2016.

In money terms, the overall trading value of agreements for July balanced $5,053 million each day, down 29.4 percent month-over-month from $7,156 million for June 2017. Compared with in 2015’s figures the ADV money value in July 2017 showed an extra drop when weighed versus to the very same month of 2016, netting a 7.5 percent year-over-year loss, from $5,464 million.

Year-to-date, the overall turnover through July 2017 can be found in at $101.06 billion, shedding 7.4 percent from $109.3 billion in the exact same duration a year back.