SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P.Morgan and BNP Paribas, today announced continued growth, increases in trading volume and market share during Q3 2010 marking its sixth consecutive quarter of growth.
Key highlights during Q3 over Q2 include:[1]
- Matched volumes of €7.345bn (+ 28.3%)
- Number of trades 855, 770 (+ 57.9%)
- Fastest-growing dark Multilateral Trading Facility in Q3 2010
Key highlights during September include:
- 2nd largest dark MTF offering in France
- 3rd largest dark MTF offering in UK, Germany, Italy, and the Nordic region
- Consolidates position as one of the Top 3 dark pools in Europe
Lee Hodgkinson, SmartPool CEO commented:
“Six consecutive quarters of growth, in challenging market conditions is proof of the power of the SmartPool offering. Most importantly however, it is thanks to the trust and confidence that customers have placed in us.”
In addition to strong market share gains in the major European blue-chip indices during September, SmartPool also strengthened its position in a number of national markets. Key dark market share highlights over this period include:
- 19.3% of MSCI Euro
- 18.3% of the DJ STOXX 50
- 18.3% of FTSE Eurotop 100 Index
- 16.1% of the EuroSTOXX 600
- 21.2% market share in Xetra DAX
- 22.2% market share in CAC 40
- 19.6% market share in Euronext 100
- 18.8% market share in FTSE 100
[1] Thomson Reuters Equity Market Share Reporter
