- Average daily value traded fell 7.86% m/m (+2.16% y/y) to €95.40 billion. Volatility, measured by the VSTOXX average daily close, dropped 20.63% m/m (-17.96% y/y) to 23.68.
- OTC trading (+265 bps m/m) gained the most market share, followed by dark books (+37 bps m/m), bank SIs (+31 bps m/m), periodic auctions (+5 bps m/m) and ELP SIs (+1 bp m/m). Closing auctions (-208 bps m/m), lit trading (-128 bps m/m) and opening auctions (-2 bps m/m) lost market share.
- Cboe Periodic Auction (EU) (+31 bps m/m) gained the most on-venue market share, while the London Stock Exchange (-61 bps m/m) and Bolsas y Mercados Españoles (-45 bps m/m) lost the most.
- Among major national listing exchanges, Euronext Lisbon (+235 bps m/m, PT 20) and Borsa Italiana (+151 bps m/m, IT 40) gained the most market share in their home indices. Euronext Paris (-291 bps m/m, FR 40), Nasdaq Helsinki (-290 bps m/m, FI 25) and the London Stock Exchange (-209 bps m/m, UK 250) lost the most market share.
- Alternative closing-auction mechanisms accounted for 8.68% of total on-venue end-of-day activity in April, down 14 bps m/m.
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