Canadian Securities Exchange hits high in 2017 on pot stocks, blockchain buzz – BNN

TORONTO — Trading on the Canadian Securities Exchange soared to a record high in 2017 — with a more than 400 per cent year-over-year spike in the overall value traded — thanks to a surge of marijuana-related listings and the buzz around blockchain technology, its chief executive said.

Richard Carleton, the CEO of the CSE, said Thursday that the total value traded surpassed $7.81 billion in 2017, an increase of more than 403 per cent from $1.55 billion a year earlier. Meanwhile, the volume of shares that traded hands on the alternative exchange in 2017 hit 17.4 billion, up 171 per cent from more than 6.4 billion in 2016.

“It was largely driven, but not exclusively, by the cannabis space,” Carleton said in an interview. “But later in the year, we did have a number of companies with blockchain applications.”

The CSE finished 2017 “with a bang,” he added, as Dec. 28 marked the biggest trading day of the year. On that day, some $388.9 million and nearly 456 million shares changed hands — with 82.6 per cent of the

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