Economy & Markets

A surge in activity in several key MX products contributed to the 20% gain in volume, year-over-year

By IE Staff |

The Montreal Exchange (MX) has set a new total volume record in 2016 with 91.9 million contracts traded, smashing the previous record of 76.7 million contracts established in 2015, Toronto-based TMX Group Ltd. announced on Thursday.

A surge in activity in several key MX products contributed to the 20% gain in volume, year-over-year. In addition, various new MX volume records were established in 2016, including:

  • 26.3 million contracts traded in three-month Canadian bankers' acceptance futures, breaking the record of 24.6 million contracts set in 2014 by 7%;
  • 21 million contracts traded in the 10-year Government of Canada bond futures, breaking the record of 17.9 million records set in 2015 by 17%;
  • 6.1 million contracts traded in the S&P/TSX 60 index standard futures, breaking the record of 5.5 million records set in 2015 by 11%;
  • 25.3 million contracts traded in equity options, breaking the record of 24.2 million contracts set in 2012 by 5%;
  • 11.7 million contracts traded in options on ETFs, breaking the record of 8.7 million contracts set in 2015 by 34%; and
  • 671,462 contracts traded in the S&P/TSX 60 index options, breaking the record of 541,759 set in 2015 by 24%.
     

"We are proud of this record-setting year," says Luc Fortin, MX's president and CEO, in a statement. "MX will build on these achievements … to propel us to new heights in the future."