European Equities LiquidityMatrix August 2018

The traditional summer slowdown in Europe’s equities market continued in August, with volumes down by about 20% compared to the first six months of the year. During the respite, TABB enhanced this volume report, which now tracks volumes for SIs run by electronic liquidity providers (ELPs). Tower Research Capital Europe, the biggest ELP SI tracked by TABB, already processes more volume than many European dark venues. Overall, there was little change to the makeup of liquidity during the month, though for the first time, relative volumes executed through periodic auctions did not rise. 

TABB’s exclusive August European Equities LiquidityMatrix™ provides the industry with breakdowns of market share for each major equity execution channel, including lit venues, dark MTFs, block venues, periodic auction books and SIs.