European equity trading activity showed signs of stabilising in March, with turnover increasing by 11% from February to just over €1.1 trillion, according to the latest market share report from Thomson Reuters, which includes delayed trades for the first time.
Volume also increased 20% month-on-month to just over 190 million shares. However, turnover for March represents a 39.5% year-on-year decline, suggesting there is still a long way to go before a significant recovery is realised.
The market share of multilateral trading facilities (MTF) also fell, accounting for 7.73% of total European trading in March compared with 8.1% in February. The decline may in part be due to the expiration of the market-making agreements between Turquoise and its shareholder banks on 13 March.
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