- Average daily value traded fell 9.91% m/m (+30.35% y/y) to €63.96 billion as volatility, measured by the VSTOXX average daily close, dropped 10.15% m/m (+16.83% y/y) to 17.62.
- Lit trading (+391 bps m/m), dark books (+218 bps m/m), periodic auctions (+134 bps m/m), ELP SIs (+47 bps m/m) and bank SIs (+43 bps m/m) all gained market share, while OTC trading (-613 bps m/m), closing auctions (-199 bps m/m) and opening auctions (-20 bps m/m) lost ground.
- Cboe Periodic EU (+58 bps m/m) and Cboe DXE Europe Dark (+50 bps m/m) gained the most on-venue market share, while Deutsche Börse (-124 bps m/m), the London Stock Exchange (-113 bps m/m) and Euronext Paris (-91 bps m/m) lost the most.
- Of the major national listing exchanges, all lost market share in their home indices; Euronext Amsterdam (-563 bps m/m, NL 25), Euronext Paris (-522 bps m/m, FR 40) and Nasdaq Stockholm (-431 bps m/m, SE 30) lost the most ground.
- Alternative closing-auction mechanisms accounted for 6.17% of total on-venue end-of-day activity in July, down 192 bps m/m.
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