17 January 2017

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 183 equity securities listed in both Canada and the US had average daily volume across both countries of 543.6 million shares in December, down 7.33% m/m. Of this total, 293mn (53.9%) traded in the US (-6.45% m/m) and 251mn (46.1%) traded in Canada (-8.34% m/m). This is essentially flat with the 54.0%-46.0% US-CAD split in November (see chart, below). Market-wide ADV, including single-listed and inter-listed names, decreased 4.84% m/m in Canada and 12.99% in the US. The portion of all Canadian volume coming from inter-listed securities fell from 26.7% to 25.8%. The US figure rose from 4.0% to 4.3%.

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