- The 42 alternative venues we track executed 19.12% of pan-European on-venue turnover in November, down 110 bps m/m (+199 bps y/y) from October
- All three subgroups — Dark MTFs, Periodic Auctions and ELP SIs — lost market share
- Our universe accounted for 12.00% of consolidated turnover, including on-venue and OTC, down 126 bps m/m
- Muted overall trading activity and low volatility may be keeping alternative-venue market share elevated despite a decline from October’s highs
- Differing SI and OTC trade-reporting regulations set to take effect next year in the EU and UK may further complicate the task of comparing such flows across jurisdictions
View the report
