European Equities LiquidityMatrix June 2019
Equity trading on European exchanges was subdued during the first half of 2019, with volumes down by around 16% year-over-year. Political and regulatory uncertainty appear to be weighing heavily on trading activity. The expiration of the Switzerland’s equivalence deal with the EU was a particular source of anxiety for traders at the end of June, with firms preparing to move activity in Swiss stocks away from EU venues and onto the primary market. Amid these changes, traders resorted to places of sanctuary. Closing auctions reached their highest level during June in Europe during the month, accounting for around 23% of on-exchange activity.
TABB Group’s June European Equities LiquidityMatrix™ breaks down the market share for each major equity execution channel, including lit venues, dark MTFs, block venues, periodic auction books and systematic internalisers.
- European Equities