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SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P.Morgan and BNP Paribas, today announced record growth during Q1 2010 and its best monthly performance to date.
SmartPool's matched volume of €1 bn in Q1 2010 represents an increase of 106% over Q4 2009, making SmartPool one of the fastest-growing dark Multilateral Trading Facilities (MTFs) over the period. The number of trades also increased by 77%. SmartPool's matched volume of €427m in March represents compound growth of 68% over February.
According to the Thomson Reuters Equity Market Share Service, SmartPool reported dark market share highs of 8.4% of MSCI EMU Large Cap Index and 7.6% of the Dow Jones STOXX 600 on 15 March, with an average dark market share(1) in those indices of 3.9% and 3.6% respectively during March.
In addition to strong market share gains in the major European blue-chip indices, SmartPool also made significant inroads into a number of national markets. Key dark market share highlights over this period include:
- 8.5% market share in ATX
- 3.5% market share in CAC
- 5.5% market share in DAX
- 3.6% market share in FTSE100
- 12.1% market share in the OBX (Oslo) Index
- 7.9% market share in the OMX Copenhagen 20 Index
- 6.0% market share in the OMX Helsinki 25 Index
- 6.7% market share in the OMX Stockholm 30 Index
Lee Hodgkinson, SmartPool CEO commented:
“I am very pleased with our growth over the period and with another strong month of trading on SmartPool. Increasing numbers of European brokerages are lining up to adopt our offering, as the benefits of our community-based value proposition are accepted as a major factor in differentiating us from our rivals.”
(1) Market share source from available data of the non-broker dealer operated dark pool MTFs, as published via Thomson Reuters European Market Share Reporter.
