TORONTO (Reuters) – Canadian exchange operator TMX Group has seen retail trading volumes up 37% in the second quarter versus two years ago, and are up between 60% and 80% in its retail investor-focused indexes, executives said on an analyst call on Thursday.
The group, which reported adjusted earnings that beat analyst expectations in the three months through June, also said that, contrary to expectations, the pipeline for equity capital raisings has not slowed during the summer.
TMX Group also expects a “substantial increase” in long-term bond issuances to fund large government expenditures, and that will help drive the derivatives market linked to these products, which the company has been expanding in.
(Reporting by Nichola Saminather; editing by Jonathan Oatis)
