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European Securities Volumes

April 14, 2021
  • Average daily value traded rose 8.14% m/m, to €80.29 billion. Volume spiked on March 19 following FTSE Russell and STOXX index rebalances
  • Volatility declined, with the VSTOXX average daily down -12.61% m/m, to 19.51, and the FTSE 100 IVI off 8.42% m/m, to 19.51
  • Closing auctions gained market share, aided by the index rebalances. Over-the-counter trading and opening auctions also picked up market share. Systematic internalizers, lit trading, dark pools and periodic auctions all lost share
  • Deutsche Börse and the London Stock Exchange posted the largest m/m gains in pan-European on-venue market share. Euronext Paris and Euronext Amsterdam lost the most
  • Euronext Brussels gained the most market share in its home index, followed by Bolsas y Mercados Españoles and Nasdaq Helsinki. SIX Swiss Exchange lost the most, as London-based MTFs continued to gain share since once again being permitted to trade Swiss shares in February

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