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Let There Be Light: European Edition

Let There Be Light: European Edition
  • Systematic internalisers run by electronic liquidity providers executed a record 6.34% of on-venue trading in July.
  • Hudson River Trading accounted for more than one in four euros traded by an ELP SI, the firm's highest-ever market share.
  • Citadel Connect Europe retained second place, while Jane Street JX-EU extended its lead over XTX SI.
  • Dark order books and periodic auctions increased their market share, even though their activity declined month-on-month.
  • Cboe Periodic Auctions posted a bigger drop than frequent-batch auctions as a group, while Aquis Auction on Demand, Sigma X Auction Book and Turquoise Periodic Auctions all did more business.

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