How much TSX trading is anonymous?

Canada has no public dark pool feed the way the United States does. The closest equivalent is TMX Group's own daily exchange report, which shows how much volume traded anonymously or away from the public order book. These are those numbers, updated every trading day.

Latest report: September 10, 2026 · 1 trading day behind

TSX anonymous
51.5%
of Toronto Stock Exchange volume traded without a broker identifier
Dark volume
6.4%
share of TSX + TSXV volume matched away from the lit book
Block trades
1,985
large negotiated trades printed that day
Avg anonymous size
336
shares per anonymous trade
July 29, 202646.6% – 54.3% over 30 trading daysSeptember 10, 2026

Who moved the most block volume

Brokers printing the largest negotiated trades that day — the institutional desks, by name.

  • BMO NESBITT BURNS INC.27.0M
  • GOLDMAN SACHS CANADA INC.26.5M
  • TD SECURITIES INC.24.5M
  • RBC CAPITAL MARKETS21.6M
  • MERRILL LYNCH CANADA LTD.16.6M

What they were moving

The symbols those block trades were in.

  • CNQ15.3M
  • ENB9.5M
  • TRP4.9M
  • SU4.0M
  • T3.5M

What anonymous trading actually means

Every trade on the TSX is normally attributed to the broker that placed it. Anonymous orders hide that identifier, so the market sees the trade but not who did it. Institutions use it to build or unwind a large position without signalling their hand — the same motive behind dark pools in the United States.

A rising anonymous share means more volume is being moved by people who would rather you did not know it was them. That is not bullish or bearish on its own, which is why it is shown here as a level against its own recent range rather than as a signal.

The per-symbol detail is inside StockDash

This page is the market-wide picture, free and updated daily. Members get it per stock: dark and anonymous activity on any individual Canadian name, the same view of US dark pool volume, and the history behind both — alongside the watchlist, scorecards, DCF model and portfolio tracker.

No performance claims, no signals, no tips. It is a research tool.

Source: TMX Group Daily Trading Report. Original report. Figures are reproduced for informational purposes; StockDash is not affiliated with TMX Group.