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Let There Be Light: European Edition

Let There Be Light: European Edition
  • Periodic auctions accounted for a record 9.2% of on-venue trading in August, but Cboe Periodic Auction, the largest venue, lost market share.
  • Aquis Auction on Demand's venues in London and Paris drove growth. Cboe and Aquis together accounted for nine out of 10 euros traded via a periodic auction.
  • Systematic internalisers run by electronic liquidity providers also set a record for value traded.
  • Hudson River Trading SI reported the biggest increase in activity, while Jane Street's JX-EU SI remains the largest.
  • The European Commission is being lobbied to restrict alternative venues as part of its consultation to deepen the integration of European equity markets.

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