Toronto - Canadian exchange operator TMX Group has seen retail trading volumes up 37% in the second quarter versus two years ago and are up between 60% and 80% on its retail focused indexes, executives said on an analyst call on Thursday.
The group, which reported adjusted earnings that beat analyst expectations in the three months to June, also said that, contrary to expectations, the pipeline for equity raises has not slowed during the summer.
TMX Group also expects a substantial increase in long-term bond issues to fund large government expenditures and will help drive the derivatives market as linked to these products, which the company has been expanding in.