- Average daily value traded rose 6.26% m/m (+12.97% y/y) to €103.54 billion, just shy of the €105.04 billion post-Mifid II high set in March 2020. Volatility, measured by the VSTOXX average daily close, jumped 56.19% m/m (+45.09% y/y) to 29.84.
- Closing auctions (+122 bps m/m) gained the most market share, followed by OTC trading (+105 bps m/m) and opening auctions (+9 bps m/m). Dark trading (-94 bps m/m), bank SIs (-83 bps m/m), periodic auctions (-36 bps m/m), ELP SIs (-15 bps m/m) and lit order books (-8 bps m/m) lost market share.
- Euronext Paris (+75 bps m/m), Turquoise Dark Europe (+61 bps m/m) and Bolsas y Mercados Españoles (+52 bps m/m) gained the most on-venue market share, while Turquoise Periodic Auctions (UK) (-69 bps m/m) lost the most.
- Among major national listing exchanges, Euronext Brussels (+489 bps m/m, BE 20), Euronext Paris (+443 bps m/m, FR 40) and Euronext Amsterdam (+393 bps m/m, NL 30) gained the most market share in their home indices. Only Euronext Lisbon (-306 bps m/m, PT 20) lost market share.
- Alternative closing-auction mechanisms accounted for a record 11.04% of total on-venue end-of-day activity in March, up 275 bps m/m.
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