Market Structure Reports

• May average daily value traded fell 11.12% m/m, to €65.88 billion.
• Volatility declined for the second month running, with the VSTOXX average daily close dropping 24.68% m/m to 31.73, and the FTSE 100 IVI down 23.62% m/m, to 29.27.
• Closing auctions picked up the most market share, fueled in part by the May 29 MSCI indices rebalance. Systematic internalizers and lit markets also gained ground, while over-the-counter trading, dark pools, opening auctions and periodic auctions
• all lost share.
  Turquoise posted the largest m/m gains in pan-European on-venue market share. The London Stock Exchange and SIX Swiss Exchange lost the most.
• Euronext Lisbon, Nasdaq Copenhagen and the London Stock Exchange gained the most on-venue market share in their home indexes; Borsa Italiana and Bolsas y Mercados Españoles lost the most.

‍