European trading volumes up as Euronext breaks records

LSE & Deutsche Boerse report declines in turnover as BATS retains market share and Euronext breaks records, according to January statistics.

London Stock Exchange Group (LSEG) and Deutsche Boerse reported declines in cash market turnover despite improved volumes, as BATS Chi-X Europe remains the top stock exchange in Europe and Euronext breaks records in average daily transactions.

LSEG’s January statistics reported a fall in the value of shares traded, but saw a significant increase in trade volume.

The group reported a 10% increase in trades on its UK order book compared to January last year, but the value traded declined by 3.4% from £107 billion to £103 billion.

LSEG’s MTS business unit reported declines in average daily trades, with MTS Cash declining 20.4% to 45,666 trades in January. MTS Repo also suffered a 7.2% decline in average daily volume trades compared to January last year.

Turquoise MidPoint, however, reported a 52.3% increase in trades in January this year, compared to the same period last year, with value traded increasing 17.3% to £9.95 billion.

European exchange, Euronext, reported a 0.6% increase in average daily transaction value in January on its cash order book, which stood at €8.6 billion.

January 2016 was a record month for Euronext as average daily number of cash market transactions reached over 2.2 million, a 12% increase from January 2015. 

Deutsche Boerse has reported a decline in turnover across all asset classes, with turnover reaching €133.7 billion, down €14.8 billion compared to January last year.

Its equities cash market turnover reached €112.9 billion, while turnover in its bonds markets was €0.5 billion.

The exchange group’s Xetra platform reported 25 million trades were executed in January, increasing by 3.3 million trades compared to January last year.

BATS Chi-X Europe reported total notional value traded in January this year at €280.6 billion and average daily notional value at €14 billion, compared to last year’s €13.6 billion. BATS said it has a 24.9% market share in Europe, up slightly from 24.2% a year ago.

BATS recently revealed a UK exit from the EU would be a great risk for the exchange operator, and it could leave London if the country opts to leave the EU in an upcoming referendum.