European Equities LiquidityMatrix September 2019

Total daily notional value traded in Europe’s equities market hit €61 billion in September, an increase of 7% month over month. But volumes were down 7% compared to September 2018. There were a couple of notable volume highlights during the month, however. Electronic liquidity provider systematic internaliser (ELP SI) daily notional volume among the firms tracked by TABB Group increased 20%, to €1.48 billion. Overall, ELP SIs accounted for a record 2.4% of total volume in September. Closing auction volumes also jumped during the month, accounting for a record 17.8% of all market volume.

TABB Group’s September 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.