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TABB Group, the international research and consulting firm focused exclusively on capital markets, has released its first monthly report tracking liquidity in European equity markets.
This new report, named the European Equities LiquidityMatrix™, provides trading and investment firms with an independent and consolidated view of market share trends across all major European equity venues and execution channels, including lit and dark venues, Systematic Internalisers (SIs), periodic auction books and Large in Scale (LiS) venues.
MiFID II is expected to dramatically shift liquidity in equity markets, with a new share trading obligation banning broker crossing networks, and the introduction of dark volumes caps coming into force later this year expected to result in the continued rise in the popularity of new execution venue such as SIs and periodic auction models.
The report leverages advanced liquidity analytics from big xyt’s Liquidity Cockpit, a cloud-based platform that offers a normalised view of all trading data in tick granularity across European markets. An interactive dashboard, with real time analytics and powerful visualisation tools, has facilitated the compilation of the LiquidityMatrix by TABB.
While this data is ‘discoverable’ in one form or another, providing a holistic view in one document that can be put directly in the hands of practitioners makes it a powerful, user friendly, and time saving tool. TABB currently produces US equities and US options LiquidityMatrix reports, and this is the first LiquidityMatrix report for the European equities market.
“We believe market participants will highly value independently produced insights that track volumes as they shift under MiFID II”, comments Tim Cave, Analyst at TABB Group. “big xyt offers independent, unbiased, high-quality and fully transparent analytics that are very granular across execution channels.”
Robin Mess, CEO at big xyt, said: “We are proud to contribute our analytics capabilities and solutions to TABB Group, allowing analysts to extract crucial information so they can provide unparalleled insight to the market.”
