Turquoise outpaces BATS-Chi-X growth
Turquoise, the London Stock Exchange-owned
multilateral trading facility (MTF), has increased daily trading on its platform by
over a third in the last year, outstripping growth on nearest rival BATS Chi-X
According to the MTF’s figures, average
daily value traded reached €1.85 billion last month, a 37.5% increase on April
2011’s total of €1.34 billion.
Over the same period, Turquoise has
increased its share of pan-European trading to 5.03% from 4.6%, according to
Thomson Reuters Equity Market Share Reporter.
By comparison, BATS Chi-X Europe, the dual
MTF resulting from the takeover of Chi-X Europe by BATS Global Markets last
year, traded an average of €9.13 billion in April, a 7.5% over the €8.49
billion recorded a year earlier.
BATS Chi-X Europe retained its position as
the largest pan-European market last month with 24.6% market share, compared
with 23.2% a year earlier.
Value traded across all markets in Europe
totalled €710 billion last month, just 1% higher than April 2011’s total of