European Equities LiquidityMatrix December 2018
As the first year of MIFID II drew to a close, we can make some firm conclusions about liquidity shifts in Europe’s equity market. The three big winners appear to be closing auctions, periodic auctions and systematic internalisers. Closing auctions accounted for around a fifth of order book volume during December; periodic auctions appear to have now stabilized at around 2% of order book volume; and SIs run by electronic liquidity providers continue to pick up steam. All these trends and more are covered in the December edition of TABB Group’s European Equities LiquidityMatrix™.
- European Equities