European trading values still lagging despite volume growth

Transatlantic exchange group NYSE Euronext has reported that average daily trading volumes across its European cash equities markets in May 2009 were 1.5 million transactions – 14.6% up on May 2008. April 2009’s ADV of 1.6 million transactions was a 15.5% increase over the previous April.

Volume results at other European exchanges paint a similar picture. In the entire month of May 2009, 14.7 million transactions were executed on Xetra, the electronic trading system of German exchange group Deutsche Börse, a 2.2% increase over the 14.4 million transactions traded in May 2008. The London Stock Exchange Group (LSE) reported an average daily trading volume of 1 million in May, a 14% year-on-year increase.