European Equities LiquidityMatrix November 2018
As the first year of MiFID II draws to a close, liquidity in Europe’s equity market has begun to assume a holding pattern. Average daily notional fell 9%, to €79.4 billion, in November 2018, as markets calmed following the turmoil during ‘Red October.’ Volumes on dark MTFs stabilized after the first set of dark pool caps was lifted in September 2018, accounting for 7.8% of total order book volume in November. The rebound in dark volumes has come partly at the expense of periodic auctions, which saw their lowest volumes in seven months in November. TABB’s European Equities LiquidityMatrix™ provides a breakdown of market share for each major equity execution channel, including lit venues, dark MTFs, block venues, periodic auction books and SIs.
- Equities
- European Equities