The total value of equities traded in Europe increased to EUR 934 billion in January from EUR 821 billion in December, according to data provider Reuters’ monthly European market share report. January volumes were also up, growing to 152 billion shares from 123 billion in December.
European equity values are still below the EUR 982 billion reported by Reuters in November 2008, but volumes are up on November’s 148 billion shares.
In line with the overall increases in January, many exchanges and multilateral trading facilities enjoyed a boost in market share. For example, the London Stock Exchange’s share of the overall value traded in Europe increased to 18.68% in January from 18.58% the previous month, and its share of the volume grew to 41.61% from 37.02%. Chi-X’s value market share grew to 5.08% from 4.71%, and its volume market share increased to 4.05% from 4%. Turquoise’s value market share increased to 2.78% from 1.89%, and its volume share rose to 2% from 1.52%.
Over-the-counter (OTC) trading also grew in January. The value share of trades reported to Markit BOAT, the pan-European post-trade reporting venue for OTC equities transactions, increased to 19.08% from 17.32% in January, and its volume share was 16.38%, up from 15.13% in January.
Not all venues’ market shares grew in January, however. Deutsche Börse’s share of the value traded in Europe dropped to 10.30% from 14.26% in December, and its volume market share fell to 4.33% from 9.02%. Similarly, NYSE Euronext’s European exchanges saw their value market share decline to 13.01% from 14.08%, and their volume market share decrease to 5.79% from 6.64%.