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Let There Be Light - European Edition

October 17, 2019
  • Market share for the 13 dark multilateral trading facilities in our universe grew 20 bps m/m (+86 bps y/y) to 4.9% of pan-European consolidated turnover
  • Dark MTFs executed €3.62 billion per day, up 9.92% m/m (+11.93% y/y)
  • Systematic internalizer ADVT increased 9.49% to €15.9 billion. The six ELP SIs that report to us traded €1.48 billion per day in September, accounting for 9.26% of adjusted SI activity and a record 2% of consolidated turnover
  • We review ESMA’s opinion paper on periodic auctions
  • Euronext Block plans revamp
  • We add symbol data for Jane Street’s systematic internaliser

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