The TRADE 56 | Page 94

[ D ATA ] Fragmentation in Europe LiquidMetrix analyses consolidated performance figures for stocks on major European indices and the changes from the previous quarter. T he charts and figures below are based upon Liq- uidMetrix’s unique benchmarking methodology that provides accurate measurements of trends in Based on fragmented European stocks Market Value Traded (€billion/day) Q1 2018 26.45% €35.22bn Q2 2018 27.81% €35.33bn Change 0.11% €1.36bn There was a slight increase in MTF market share and a small increase in market value traded in Q2, up by €1.36bn compared with the previous quarter. 160 38 140 36 120 34 100 80 60 32 30 28 26 40 24 20 22 0 20 94 // TheTrade // Summer 2018 MTF Market Share (%) MARKET SHARE market movements. Trading volumes on lit markets including auctions are taken into account, as well as dark trading on the major MTFs.