European Equities LiquidityMatrix November 2019

European equity volumes remained depressed in November, with daily notional down 5%, to €60.5 billion, compared with the same period last year. Despite the sluggish overall trading, activity on ELP SIs continued to grow, with average daily notional among the six firms tracked by TABB Group reaching a record €1.6 billion. ELP SIs accounted for 2.6% of overall equity volume during the month, the highest monthly share on record. Closing auction volumes also rose significantly in November, accounting for 21.6% of on-exchange volume, up from 19.2% in October. 

TABB Group’s November 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.