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Let There Be Light: European Edition

Let There Be Light: European Edition
  • Periodic-auction books accounted for a record 7.51% of on-venue average daily value traded in January.
  • Alternative venues as a group came within 6 bps of their record market share during a busier month for European equities as a whole.
  • Cboe Europe's venues in the Netherlands and the UK increased their share of periodic-auction activity to 88.4%.
  • Deutsche Börse's Xetra Midpoint and BME's SpainAtMid had very different experiences in their first full calendar month of operation. Xetra Midpoint more than doubled its activity, while SpainAtMid shrank.
  • XTX regained its position as the largest ELP SI operator, Jane Street jumped into second place, and former-number-one Citadel Securities fell to third place.

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