London Stock Exchange (LSE) increased its market share to 12.22% in August as markets quieted down for the summer break, according to figures from Thomson Reuters.
In July, LSE’s market share was 11.93% with total traded volume of €83.4 billion. This rose above 12% in August, albeit with a lower total volume of €78.1 billion.
BATS Chi-X Europe remains the largest operator in Europe and cemented its lead with market share of 24% in August, up from 23% in July.
While LSE Group’s main exchange increased its market share, its multilateral trading facility Turquoise saw market share fall from 8.05% in July to 7.79% last month.
Deutsche Börse’s Xetra followed close behind LSE with market share of 11.89%, a significant fall from 12.92% in July.
The summer break took its toll on total market volumes, with European turnover hitting €639 billion in August, down 8.5% from €699.3 billion in the previous month.
However, this is still higher than in August 2012, when total volumes were €580 billion. The 9.2% increase in year-on-year turnover provides yet more evidence that equity market conditions are improving as the economic situation brightens.