- Average daily value traded fell 3.64% m/m (+29.32% y/y) to €61.63 billion as volatility, measured by the VSTOXX average daily close, dipped 1.49% m/m (+15.32% y/y) to 17.36.
- OTC trading (+380 bps m/m) and closing auctions (+124 bps m/m) gained market share, opening auction market share was flat m/m, while lit trading (-270 bps m/m), dark MTFs (-169 bps m/m), bank SIs (-38 bps m/m), ELP SIs (-14 bps m/m) and periodic auctions (-12 bps m/m) lost ground.
- Turquoise Lit Auctions Europe (EU) (+72 bps m/m), Deutsche Börse (+65 bps m/m) and the London Stock Exchange (+55 bps m/m) gained the most on-venue market share, while Turquoise Lit Auctions (UK) (-102 bps m/m), Cboe DXE Dark (-65 bps m/m) and Cboe DXE Europe (-52 bps m/m) lost the most.
- Of the major national listing exchanges, all gained market share in their home indices; Euronext Lisbon (+721 bps m/m, PT 20), Nasdaq Stockholm (+319 bps m/m, SE 30) and the London Stock Exchange (+255 bps m/m, UK 100) gained the most ground.
- Alternative closing-auction mechanisms accounted for 8.36% of total on-venue end-of-day activity in August, up 220 bps m/m and just shy of July 2024’s record of 8.45%.
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