Please find here Liquidnet’s latest report which analyses the liquidity landscape post Covid-19.
Key findings include:
- Overall European market volumes remained at the weekly average of €54.7B compared with a weekly average of €81B in March but is still higher than the weekly average of €46.6B in 2019.
- The decline in overall Lit activity continues to fall from 82% at the start of March to 66% at the end of last week, with the decline in continuous lit activity falling to 38% of overall activity.
- Systematic Internaliser activity has risen to a quarter of overall market volumes. SI now has the highest market share since August 2019 and more in line with SI activity seen in Q2 2018.
- Despite the recent rise in market share and daily average execution size spiking on Friday to over €40k - possibly due to Options expiry – the average weekly execution size is still only just over €30k.
