- Average daily value traded rose 3.91% m/m (+20.73% y/y) to €75.83 billion as volatility, measured by the VSTOXX average daily close, climbed 11.12% m/m (+8.37% y/y) to 19.73.
- Closing auctions (+224 bps m/m) gained the most market share, followed by OTC trading (+196 bps m/m) and opening auctions (+27 bps m/m). Lit trading (-238 bps m/m), dark order books (-136 bps m/m), bank SIs (-38 bps m/m), ELP SIs (-26 bps m/m) and periodic auctions (-7 bps m/m) all declined.
- The London Stock Exchange (+95 bps m/m) and Deutsche Börse Xetra (+82 bps m/m) gained the most on-venue market share, while Turquoise Dark Europe (-64 bps m/m) and Cboe DXE Europe Dark (-55 bps m/m) lost the most.
- Among the major national listing exchanges we track, Euronext Brussels (+525 bps m/m, BE 20), Euronext Paris (+493 bps m/m, FR 40) and Nasdaq Stockholm (+474 bps m/m, SE 30) gained the most market share in their home indices; Only Euronext Amsterdam (-74 bps m/m, NL 30) and Euronext Lisbon (-1 bp m/m, PT 20) lost ground.
- Alternative closing-auction mechanisms accounted for 7.48% of total on-venue end-of-day activity in November, down 71 bps m/m.
View the report
