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.