<< rosenblatt | All Market STructure REports

Let There Be Light - European Edition

Let There Be Light - European Edition
  • The 40 venues we track executed 17.39% of pan-European on-venue turnover in May, down 44 bps m/m (+135 bps y/y).
  • Periodic auctions (+7 bps) were the only group to gain market share, ELP SIs (-39 bps) and dark MTFs (-11 bps) lost market share m/m.
  • Together, venues in our universe executed €9.01 billion per day, down 4.93% m/m (+22.28% y/y). Total on-venue (including displayed) trading dropped 2.54% m/m (+12.79% y/y), to €51.81 billion.
  • Our universe accounted for 10.42% of consolidated turnover, including on-venue and OTC, down 11 bps m/m.
  • Large-in-scale volume slumps to its lowest proportion of dark turnover since August 2019.
  • Lit execution size falls to the lowest level we have on record.

View the report
see all reports