European Equities LiquidityMatrix February 2020

European equity trading reached a multi-year high in February 2020 as wild markets rode the volatility caused by the Coronavirus. Average daily notional in European equities increased to €82.1million during the month, up 28% month-over-month, and 32% year-over-year. Several execution channels recorded all-time monthly volume records, including periodic auctions, block trading platforms and electronic liquidity provider SIs. The combined volumes of the six ELP SIs run by electronic liquidity providers that report to TABB Group was €2.2bn in average daily notional during February.

TABB Group’s February 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.