Trading on the Toronto Stock Exchange today surpassed 64.17 billion shares for the year, breaking the previous yearly volume record. TSX trading volume so far in 2006 is running approximately 27.5% ahead of last year.
CEO Richard Nesbitt said enhancements to TSX Group’s technology platform are providing the infrastructure to handle the increased activity. “TSXPress is making us a world leader by optimizing execution speeds for algorithmic traders. With products such as Market-on-Close and the planned offering of ATX, coupled with the competitive trading fees we offer our customers, we are an attractive market for all investors.”
“We continue to see increased activity in our market from investors around the globe. Much of our trading increase in 2006 is in resources,” Nesbitt added.
As of September 30, there were 1,584 issuers listing 2036 issues on Toronto Stock Exchange. The domestic market capitalization was $1.907 trillion, ranking TSX Group (as represented by both Toronto Stock Exchange and TSX Venture Exchange) as the seventh largest exchange group in the world.
In addition to the trading volume record, Toronto Stock Exchange has also seen a record $1.126 trillion in trades take place, the most ever for a year.