The last thing the Canadian equity trading business needed was another quiet month. And in September, that’s exactly what it got.
Equity trading has been a money-loser of late for most every brokerage firm. Industry wide, the equity trading business has been in the red for two of the last four quarters. But there were some signs that the third quarter may have been the bottom. In fact, trading on the TSX in August was actually up year over year. If only that momentum could have carried into September.