Europe's most significant trading venues all experienced a growth in trading volumes in November, with multilateral trading facilities (MTFs) posting particularly strong gains.
Overall trading volumes in Europe stood at €819.24 billion, 12.39% higher than October's total of €772.89 billion, but still over 25% less than May's high of €1.1 trillion, according to figures from data vendor Thomson Reuters' Equity Market Share Reporter.
BATS Europe, the MTF operated by Kansas-based BATS Global Markets, experienced a number of record market share highs in Europe since its launch in October 2008, according to its own data. BATS' overall European market share reached a high of 6.6% in November, with milestones also reached in FTSE 100 (11.6%), DAX 30 (6.6%). BEL 20 (4.8%), SMI (8.9%), OMXH25 (8.7%), OMXS30 (6.3%) and OMXC20 (6.7%).
Value traded on Turquoise, the MTF owned by the London Stock Exchange (LSE), also grew in November to €27.67 billion, representing a 25% increase from October (€22.02 billion).
November was the first month Turquoise began trading on its new platform supplied by MillenniumIT. The MTF's total share of the pan-European market grew from 3.02% in October, to 3.38% in November.
Chi-X Europe maintained its position as the largest European MTF, but posted more modest month-on-month gains of 7.37% compared to its rivals, to €134.95 billion in November, from €125.68 billion in October.
Among the smaller alternative trading venues, Equiduct, the regulated market majority owned by market maker Citadel, surpassed the €1 billion mark in November for the first time.
Trading on major domestic exchanges rose in line with the overall monthly increase in Europe. The value traded on the LSE increased by 10.8%, to €97.97 billion in November from €88.4 billion. Volumes on NYSE Euronext Paris increased by 11.19% to €90.58 billion in November, from €81.46 billion in October, while trading on Deutsche Börse grew to €104.6 billion in November, 12.52% higher than the previous month's total of €92.96 billion. According to Deutsche Börse's own data, an additional €7.6 billion was executed on its trading floor month-on-month, which the exchange intends to shut down in favour of a specialist market maker model in May 2011.