Market Share Report for the Third Quarter of 2023

23-0148
Type:
Marketplace Bulletin
Distribute internally to
Legal and Compliance
Trading Desk

Contact

During the four calendar quarters ending September 30th, 2023, the Canadian Investment Regulatory Organization (“CIRO”) has acted as the regulation services provider for: Alpha Exchange Inc., Canadian Securities Exchange (operating two separate trading books “CSE” and “CSE2”), Nasdaq (CXC) Limited (operating three separate trading books “NCX”, “CX2” and “CXD”), NEO Exchange Inc. (operating three separate trading books “NEO-N”, “NEO-L” and “NEO-D”), the Toronto Stock Exchange, and TSX Venture Exchange, each as an Exchange; and for Instinet Canada Cross Ltd., Liquidnet Canada Inc., Tradelogiq Markets Inc. (operator of “Omega” and “Lynx”), and TriAct Canada Marketplace LP, each as an ATS.

Based on data received from each marketplace through the regulatory feed, CIRO has compiled monthly information on the trading activity of each marketplace, including the total: value of securities traded; volume of securities traded and number of trades executed in addition to information respecting messages and trades used for market regulations fee billing purposes. CIRO has summarized this trading activity to reflect the percentage occurring on all marketplaces regulated by CIRO for the four calendar quarters ending September 30th, 2023. The summary information for the last four quarters and for the months since January of 2015 is available at www.iiroc.ca and may be accessed through “Markets” then selecting “Reports, Statistics and Other Information” and then “Reports of Market Share by Marketplace”.

The following table compares trading activity on all equity marketplaces monitored by CIRO during the Third Quarter of 2023 with trading activity in the Second Quarter of 2023 and the Third Quarter of 2022.

Total All Marketplaces

Q3 2023

Q2 2023

% Change from Q2 2023

Q3 2022

% Change from Q3 2022

Value

968,069,379,755.53

1,002,665,186,368.74

-3.45%

1,015,949,888,188.64

-4.71%

Volume

52,032,092,747

53,958,926,523

-3.57%

58,423,071,159

-10.94%

Trades

110,859,655

117,945,710

-6.01%

129,069,627

-14.11%

23-0148
Type:
Marketplace Bulletin
Distribute internally to
Legal and Compliance
Trading Desk

Contact

Other Notices associated with this Enforcement Proceeding:

Welcome to CIRO.ca!

You can find the Canadian Investment Regulatory Organization (CIRO) at CIRO.ca with our fresh look and feel.

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