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Let There Be Light - European Edition

May 22, 2020
  • The 27 venues we track executed 15.33% of pan-European on-venue turnover in April, down 140 bps m/m (+60 bps y/y)
  • Dark MTFs and ELP SIs gained market share last month, while periodic auction market share declined slightly
  • Together, the venues in our universe executed €7.44 billion per day, down 36.33% m/m (+13.15% y/y). Total on-venue trading, including displayed activity, fell 42.16% m/m (+8.51% y/y) to €48.5 billion. Our universe accounted for 10.03% of consolidated turnover, including on-venue and OTC, up 10 bps m/m
  • Cboe Europe trials new pricing scheme for its CXE lit book to combat market share decline
  • SIX Swiss Exchange plans trading-at-last session

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