Market Structure Reports

Back to Reports

European Securities Volumes

October 14, 2021
  • Average daily value traded jumped 29.38% m/m to €70.74 billion.
  • Quadruple witching in the US on September 17 caused closing auction volume to spike, accounting for 37% of the day’s turnover.
  • Volatility climbed, with the VSTOXX average daily close up 15.90% m/m to 21.24, and the FTSE 100 IVI up 15.36% m/m to 18.70.
  • Over-the-counter trading (+243 bps m/m), closing auctions (+90 bps m/m), dark MTFs (+10 bps m/m) and opening auctions (+6 bps m/m) gained market share. Lit trading (-249 bps m/m), bank SIs (- 74 bps) and ELP SIs (-25 bps) lost market share.
  • Bolsas y Mercados Españoles posted the largest m/m gains in pan-European on-venue market share. Nasdaq Copenhagen lost the most.
  • The London Stock Exchange and Bolsas y Mercados Españoles gained the most market share in their home indexes. Euronext Lisbon, Nasdaq Stockholm and Nasdaq Copenhagen saw the steepest declines.
  • We’ve made some changes to the way we present some of the data in the report. Please feel free to contact me with any feedback.

Continue Reading

Recent Posts