12 Days of Trading 2018

As the year draws to a close we have been asked by clients to look and highlight 2018 trends since the introduction of MiFID II. We thought we might make this a festive exercise on the 12 days leading up to the holidays. As a result, you will receive a link to a different 2018 big-xyt observation each day. With the countdown to the holidays underway, here’s our festive first (of twelve) post MiFID II, pre Brexit reviews of European Equity Markets. We hope you enjoy them. Day 1 of 12: How has European Equity Liquidity fragmented when faced with new trading mechanisms over the last 2.5 years? Some observations: Lit Market Share has seen continuous declines. Dark trading was impacted by DVCs.