Canadian Trading Monthly

• The 196 equities listed in both Canada and the US had average daily volume across both countries of 1.26 billion shares in March (+13.25% m/m), a new monthly record.
  
• Of this total, 917.9 million (+15.20% m/m) traded in the US and 344.8 million (+8.35% m/m) in Canada, for a US-CAD split of 72.7%-27.3%, the widest gulf in the 12-year history of this report.
  
• The US OTC market traded 4.09% of the total value in single-listed Canadian securities, up 88 bps m/m.
  
• Average daily volume fell 1.36% m/m (+11.63% y/y), to 1.16 billion shares.
  
• Dark-pool market share increased 22 bps m/m (+103 bps y/y) to 6.53%.
  
• Hidden orders on lit markets executed 12.04% of US volume in March, up 84 bps from February.

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