March was a great month for the CSE. From the record high trading volumes to the increased number of trades and the growing list of institutional partners, the CSE is continuing to fulfill its pledge to be “The Exchange for Entrepreneurs.”
The strength of the listed market was impressive. Two major components drove the growth – attractive listings that captured the imagination of retail investors as well as the attention of professional traders. This dynamic formula manifested itself in gains posted by the big banks of between 50 and 100 percent of their previous month’s trading figures. Additionally, when factoring in the performance gains from loyal, medium-tiered dealers, the numbers demonstrate that the Exchange is moving in the right direction and gaining traction.
March trading metrics speak volumes
Never in the past 11 years of CSE’s history has it seen a trading month that rivalled what was experienced in March 2014. Key trading metrics across the board attained all-time highs on CSE’s listed-market, including the following metrics for March:
Trades: 38,278
Total Volume: 310,645,194
Total Value: $105,276,255
Avg Price per Share: $0.34
When compared to the previous month it becomes apparent how significantly trading activity can move within a 30 day period:
February 2014
Trades: 8,690 (up 440% in March ’14)
Total Volume: 137,936,188 (up 225% in March ’14)
Total Value: $23,778,038 (up 443% in March ’14)
Avg Price per Share: $0.17 (up 200% in March ’14)
Even more dramatic is the comparison of trading activity from March of last year. Looking at the following numbers for March 2013 demonstrates how much CSE trading has gained traction over the past 12 months:
March 2013
Trades: 3,890 (up 984% in March ’14)
Total Volume: 82,839,702 (up 375% in March ’14)
Total Value: $7,810,053 (up 1348% in March ’14)
Avg Price per Share: $0.09 (up 377% in March ’14)
Of course, a chart of recent trading on CSE says it all (click to enlarge):
Continuing to Build
Although online access is an on-going concern, CSE sees continued reason for optimism. This past month it was positive to see bank-owned dealers contribute to the bump in trading, including Scotia iTrade, who joined the list of online brokerages that have enabled online trading for CSE stocks.
There is still a lot of work ahead for CSE but the performance numbers from March validate a sentiment that the Exchange has championed all along: “if they want to trade, they will find a way to access the market.”