The 182 equity securities listed in both Canada and the US had average daily volume across both countries
of 496 million shares in October, down 12.68% m/m. Of this total, 265mn (53.4%) traded in the US (-16.18%
m/m) and 231mn (46.6%) traded in Canada (-8.29% m/m). This compares with a 55.6%-44.4% US-CAD split
in September (see chart, below). Market-wide ADV, including single-listed and inter-listed names, declined
3.40% m/m in Canada and 9.78% in the US. The portion of all Canadian volume coming from inter-listed
securities fell from 27.5% to 26.1%. The US figure fell from 4.5% to 4.2%.
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