[ D ATA ]
MTFs drop back to
2014 levels
MTFs continue to lose market share as spreads tighten, in The TRADE and
LiquidMetrix’s first data report on European liquidity and fragmentation.
T
he TRADE is pleased to be teaming up with
LiquidMetrix to provide our readers with the
latest key data on liquidity and fragmentation in
European markets. The second quarter of 2017 has
seen significant market developments, with multilat-
eral trading facilities continuing to lose market share,
while spreads have reached their lowest ever point in
this series.
MTF Market Share (%) Market Value Traded
(€billion/day)
Q1 2017 30.64% €44.86bn
Q2 2017 30.32% €36.71bn
Change -0.32% €-8.15bn
MTF Share in Q2 2017 stabilised somewhat after a
sharp drop that we noted in the previous quarter.
However, the overall level continues to decrease
and is now fixed at a level similar to 2014. Market
value traded was significantly lower in Q2 2017
dropping by around 15-20%.
160 38
140 36
120 34
MARKET SHARE
32
100
30
80
28
60
26
40 24
20 22
0 20
Based on fragmented European stocks
76
TheTrade
Summer 2017