November Highlights
- Canadian equities volumes remained strong at 1.42 billion Average Daily Volume (ADV), up 27% year-over-year
- Cboe Canada’s four trading books captured 13.0% market share in November, up 50 basis points month-over-month
- NEO-N has shown consistent growth since August and recorded its best month of 2025 in November, reaching 2.4% of overall market share and 3.4% of sub-dollar market share
- Two Cboe Canada listed companies, Abaxx Technologies (ABXX) and BTQ Technologies (BTQ), were added to the MSCI Canada Small Cap Index during the November 24, 2025 rebalance. For the month, 720,000 shares of ABXX and 1.9 million shares of BTQ traded in the NEO-L Closing Call (see section 5.3 of the Trading Functionality Guide for details)
Upcoming Changes
- January 13, 2026: Cboe Canada will introduce a new “Net asset value (NAV)” intentional cross in the Crossing Facility.
- February 2, 2026: Cboe Canada will begin offering Members a new optional connectivity service known as Dedicated Cores.
Insights and News
New Listings
In November, twenty new Canadian Depositary Receipts (CDRs) from BMO were listed, along with six Exchange Traded Funds (ETFs) from BMO, three ETFs from Manulife, and one ETF from Purpose Investments.
The information provided is for general education and information purposes only. No statement provided should be construed as a recommendation to buy or sell a security, future, financial instrument, investment fund, or other investment product (collectively, a “financial product”), or to provide investment advice. Past performance of an index or financial product is not indicative of future results.
There are important risks associated with transacting in any of the Cboe Company products discussed here. Before engaging in any transactions in those products, it is important for market participants to carefully review the disclosures and disclaimers contained at: https://www.cboe.com/global-disclaimers/. In certain jurisdictions, Cboe Company products are only permitted for investment professionals, certified sophisticated investors, or high net worth corporations and associations. These products are complex and are suitable only for sophisticated market participants. These products involve the risk of loss, which can be substantial and, depending on the type of product, can exceed the amount of money deposited in establishing the position. Market participants should put at risk only funds that they can afford to lose without affecting their lifestyle. © 2025 Cboe Exchange, Inc. All rights reserved.
