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European Securities Volumes

October 6, 2020
  • Average daily value traded rebounded from the summer slowdown, climbing 21.48% m/m to €61.41 billion. Volumes spiked on September 18 due to quadruple witching.
  • Volatility rose along with volumes: the VSTOXX average daily close increased 10.26% m/m to 26.29, and the FTSE 100 IVI grew 11.45% m/m to 25.23.
  • Over-the-counter trading gained the most market share, followed by closing auctions and opening auctions. Systematic internalizers, lit markets and dark pools lost share. Periodic auctions were unchanged.
  • Euronext Paris, the London Stock Exchange and SIX Swiss Exchange posted the largest m/m gains in pan-European on-venue market share. Cboe CXE Europe lost the most share.
  • Only one exchange, Nasdaq Copenhagen, lost market share in its home index. Nasdaq Helsinki, Bolsas y Mercados Españoles and Euronext Paris gained the most market share in their home indexes.

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