Core Insights - TMX Group Limited reported trading statistics for July 2025, showing significant increases in trading volume, value, and transactions compared to previous months and the same month last year [1][2]. Trading Statistics - Total trading volume across all TMX equities marketplaces in July 2025 was approximately 12.97 billion shares, a decrease from 13.25 billion in June 2025 but an increase from 9.57 billion in July 2024 [2]. - The total value of trades in July 2025 was approximately $301.14 billion, down from $318.00 billion in June 2025 but up from $240.62 billion in July 2024 [2]. - The number of transactions in July 2025 reached 23.87 million, an increase from 22.65 million in June 2025 and 19.67 million in July 2024 [2]. Daily Averages - Daily average trading volume in July 2025 was approximately 589.7 million shares, down from 630.8 million in June 2025 but up from 434.8 million in July 2024 [3]. - Daily average trading value was approximately $13.69 billion in July 2025, down from $15.14 billion in June 2025 but up from $10.94 billion in July 2024 [3]. - Daily average transactions were approximately 1.08 million in July 2025, slightly up from 1.08 million in June 2025 and significantly up from 894,180 in July 2024 [3]. Year-to-Date Statistics - Year-to-date trading volume for 2025 reached approximately 88.93 billion shares, an increase of 18.6% compared to 75.00 billion shares in 2024 [4]. - The year-to-date value of trades in 2025 was approximately $2.21 trillion, up 28.9% from $1.72 trillion in 2024 [4]. - Total transactions year-to-date in 2025 were approximately 174.60 million, a 22.0% increase from 143.17 million in 2024 [4]. Toronto Stock Exchange Specifics - In July 2025, the Toronto Stock Exchange recorded a trading volume of approximately 7.82 billion shares, down from 8.67 billion in June 2025 but up from 6.42 billion in July 2024 [6]. - The value of trades on the Toronto Stock Exchange in July 2025 was approximately $282.84 billion, down from $301.25 billion in June 2025 but up from $224.91 billion in July 2024 [6]. - The number of transactions on the Toronto Stock Exchange in July 2025 was approximately 21.07 million, an increase from 20.06 million in June 2025 and 17.45 million in July 2024 [6]. TSX Venture Exchange Highlights - The TSX Venture Exchange saw a trading volume of approximately 4.00 billion shares in July 2025, an increase from 3.50 billion in June 2025 and significantly up from 2.27 billion in July 2024 [10]. - The value of trades on the TSX Venture Exchange in July 2025 was approximately $2.28 billion, up from $1.99 billion in June 2025 and from $988.30 million in July 2024 [10]. - The number of transactions on the TSX Venture Exchange in July 2025 was approximately 1.13 million, an increase from 967,728 in June 2025 and 615,191 in July 2024 [10]. TSX Alpha Exchange Overview - The TSX Alpha Exchange reported a trading volume of approximately 1.11 billion shares in July 2025, up from 1.04 billion in June 2025 and from 853.71 million in July 2024 [14]. - The value of trades on the TSX Alpha Exchange in July 2025 was approximately $15.28 billion, an increase from $14.09 billion in June 2025 and from $14.26 billion in July 2024 [14]. - The number of transactions on the TSX Alpha Exchange in July 2025 was approximately 1.56 million, slightly down from 1.53 million in June 2025 but comparable to 1.56 million in July 2024 [14]. Montreal Exchange Performance - The Montreal Exchange recorded a derivatives volume of approximately 17.88 million contracts in July 2025, an increase from 17.29 million in June 2025 and from 14.20 million in July 2024 [22]. - Open interest in contracts on the Montreal Exchange was approximately 29.71 million in July 2025, up from 27.55 million in June 2025 and from 18.28 million in July 2024 [22]. - Year-to-date derivatives volume for 2025 reached approximately 136.51 million contracts, a 28.0% increase from 106.67 million contracts in 2024 [23].