- Average daily value traded fell 3.06% m/m (+16.73% y/y) to €67.37 billion as volatility, measured by the VSTOXX average daily close, climbed 9.90% m/m (-4.40% y/y) to 19.34.
- Periodic auctions (+24 bps m/m) set a new all-time high of 4.42% of consolidated turnover. Lit trading (+164 bps m/m), bank SIs (+19 bps m/m), OTC trading (+17 bps m/m) and dark order books (+5 bps m/m) also gained market share. Closing auctions (-207 bps m/m), opening auctions (-12 bps m/m) and ELP SIs (-10 bps) all lost ground.
- Cboe DXE Europe (+84 bps m/m), Cboe Periodic (EU) (+35 bps m/m) and Borsa Italiana (+27 bps m/m) gained the most on-venue market share among European trading venues, while London Stock Exchange (-56 bps m/m) lost the most.
- Among the major national listing exchanges we track, only Borsa Italiana (+59 bps m/m, IT 40) and Bolsas y Mercados Españoles (+29 bps m/m, ES 35) gained market share in their home indexes. Euronext Lisbon (-491 bps m/m, PT 20), the London Stock Exchange (-432 bps m/m, UK 250) and Nasdaq Copenhagen (-268 bps m/m, DK 25) lost the most market share.
- Alternative closing auction mechanisms dropped 12 bps m/m, accounting for 6.57% of total on-venue end-of-day activity in October.
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