The report includes for the first time the data from all market segments operated by FESE members (including Regulated Markets and Multilateral Trading Facilities). It also includes all the major MTFs operated by investment firms in the European market.
FESE fills an important gap by publishing the first issue of its new European Equity Market Share Report. For the first time in the industry’s history, the report gathers data from all the trading venues using the same methodology – thereby resulting in a fully comparable set of data. The report includes the data from all the market segments operated by FESE members (including Regulated Markets and Multilateral Trading Facilities), as well as from all the major MTFs operated by investment firms in the European market. For the first time, the European industry will benefit from a report which follows the same statistics methodology agreed by all the trading venues involved, both RM and MTFs, operated by both market operators and investment firms. This allows for an accurate comparison of trading statistics across trading venues.
Given the importance of data quality to policy and supervision, we aim to continue to cooperate closely with the European Commission and CESR in this process.
Both the FESE Members and the investment firm operators of MTFs involved have demonstrated a firm commitment to comply with the needs of the market in a cooperative spirit. Judith Hardt, Secretary General of FESE, said: “We are confident that this project will address the concerns of market participants in the aftermath of MiFID and will restore a reliable picture of trading data across Europe, reinforcing FESE’s unique role in ensuring the quality of data in European markets”.
The European Equity Market Share Report will be published on a monthly basis. Statistics are structured in 2 tables: Electronic Order Book and Off-Electronic Order Book which provide an invaluable source of comparison for equities in Europe. In order to meet the needs of the market, FESE will continue to work towards increasing the granularity of the Off-EOB category. A Dark Pool category will shortly be added.
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