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© Reuters. File photo: June 23, 2014, the logo of TMX Group, the operating company of the Toronto Stock Exchange (TSX). REUTERS/Mark Blinch/File Photo
TORONTO (Reuters)-Executives said on an analyst conference call that the Canadian exchange operator TMX Group’s retail trading volume in the second quarter increased by 37% compared to two years ago, its retail investor-focused index An increase of 60% to 80% on Thursday.
The group reported that adjusted earnings for the three months ended June exceeded analyst expectations. It also stated that, contrary to expectations, summer equity financing channels did not slow down.
TMX Group also expects the issuance of long-term bonds to “substantially increase” to fund huge government spending, which will help promote the derivatives market related to these products, and the company has been expanding.
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