- The 192 equities listed in both Canada and the US had average daily volume across both countries of 1.22 billion shares in February (+0.90% m/m).
- Of this total, 801.5 million (-1.74% m/m) traded in the US and 416.1 million (+6.40% m/m) in Canada, for a US-CAD split of 65.8%-34.2%.
- Looking at value traded, the gap is slightly higher, at 67.3% traded south of the border compared to 32.7% north.
- The US OTC market traded 4.01% of the total value in single-listed Canadian securities, down 33 bps m/m.
- Average daily volume fell 9.95% m/m (+40.69% y/y), to 1.66 billion shares..
- Exchange-traded-product ADV leaped 45.78% m/m to 245.4 million, accounting for 13.31% of equity ADV (+208 bps m/m).
- Dark-pool market share rose 4 bps m/m (+44 bps y/y) to 6.74%.
- Hidden orders on lit markets executed 5.33% of Canadian volume in February, up 54 bps from December.
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