- The 40 venues we track executed 17.83% of pan-European on-venue turnover in April, up 168 bps m/m (+84 bps y/y).
- Dark MTFs (+78 bps), ELP SIs (+77 bps) and periodic auctions (+13 bps) all gained market share m/m.
- Together, venues in our universe executed €9.48 billion per day, down 16.19% m/m (+18.89% y/y). Total on-venue (including displayed) trading dropped 24.09% m/m (+13.30% y/y) to €53.16 billion.
- Our universe accounted for 10.59% of consolidated turnover, including on-venue and OTC, down 48 bps m/m.
- EU lawmakers mull market-structure pilot schemes
- Large-in-scale volume falls to 30.35% of total dark activity, its lowest total since August 2020
- Virtu’s ELP SI sees volumes spike in April
View the report
