- Average daily value traded climbed 33.23% m/m (+16.67 y/y), to €84.46 billion.
- Volatility declined, with the VSTOXX average daily close down 2.73% m/m to 22.98, and the FTSE 100 IVI down 1.33% m/m to 17.87.
- Lit venues, dark MTFs and periodic auctions gained market share. Closing auctions, over-the-counter trading, bank SIs, opening auctions and ELP SIs lost market share.
- Cboe DXE Europe and the London Stock Exchange posted the largest m/m increase in pan-European on-venue market share. Nasdaq Stockholm, Euronext Paris and Deutsche Börse lost the most.
- All the national exchanges we follow lost market share in their home indexes. Nasdaq Stockholm and the London Stock Exchange suffered the steepest declines.
- Aquis’ Market-at-Close, along with several listing-exchange trade-at-last phases, saw volumes rise in January. Collectively, these alternative closing-auction mechanisms account for 7.23% of total end-of-day activity, up 80 bps m/m.
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