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Canadian Trading Monthly

Canadian Trading Monthly
  • We present 2023 year-in-review stats for market-wide Canadian trading in a special section beginning on page 15.
  • We are pleased to add data for hidden-order volumes on lit marketplaces (see page 15).
  • The 204 equities listed in both Canada and the US had average daily volume across both countries of 752.0 million shares in December (+25.90% m/m).
  • Of this total, 457.4 million (+29.12% m/m) traded in the US and 294.6 million (+21.21% m/m) in Canada, for a US-CAD split of 60.8%-39.2%, compared with 59.3%-40.7%, in November.
  • The US OTC market traded 2.68% of the total value in single-listed Canadian securities, down 27 bps m/m.
  • Market-wide Canadian ADV (including single-listed names) increased 15.37% m/m (-2.76% y/y), to 1,038.1 million shares.
  • Dark-pool market share dropped 53 bps m/m (+66 bps y/y) in December, to 5.09%.

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