14 November 2016

Co-Authors

Justin Schack

Managing Director    

Alex Kemmsies

Vice President    

Rosenblatt Securities Inc.    
New York +1 212 607 3100    

TRADING TALK
Canadian Trading Monthly


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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