Xtrakter, the premier provider of OTC post trade services and data announced the sixth edition of its league table of execution venues today. This edition tracks the movement of liquidity for both fixed income and equities for Q2 2010. During this period Tradeweb Europe were ranked No.1 for fixed income and Chi-X were ranked No.1 for equities trading.
The top five execution venues for fixed income for Q2 2010 as processed by Xtrakter were as follows: in first place was Tradeweb Europe (3.8%), in second place was Bloomberg Tradebook (2.12%), in third place was MTS S.P.A (1.14%), in fourth place was ICAP Electronic Broking (1.00%) and in fifth place was Bondvision with 0.73% of the total fixed income transactions processed by Xtrakter during this period.
It was noted that when reviewing the combined venues of execution data that the MTS group captured 1.77% of the total fixed income share. Over-The-Counter (OTC) remains the preferred method for Xtrakter clients to execute fixed income trades representing 85.03% of the total share processed.
When comparing Q1 & Q2 2010 percentiles relating to fixed income trading the following was highlighted: the level of trades executed over-the-counter dropped by 0.64%; Tradeweb Europe increased its share by 0.61% & Bondvision rose by 0.10% of the total amount of fixed income transactions processed by Xtrakter.
“Xtrakter is committed to providing the markets with valued information services and is a premier source of trade data for all asset classes, this league table has been generated from our data repository. As you can see trading OTC remains vitally important to our user community, representing 9.34% of all equities and just over 85% of all fixed income trades processed by us during the period.” commented Yannic Weber, Chief Executive Officer, Xtrakter.
The top five execution venues for equities during Q2 2010 as processed by Xtrakter were as follows: in first place was Chi-X Europe (27.79%), in second place was NYSE Euronext - Paris (11.61%), in third place was BATS Europe (11.22%), in fourth place was the Turquoise with (6.39%) and in fifth place was the London Stock Exchange (6.21%).
It was noted when reviewing the combined venues of executions that the NYSE Euronext group of companies captured 17.87% of the total equities share. OTC execution represented 9.34% of all equity trades conducted by Xtrakter clients during this period. A detailed breakdown of the top 10 venues and their percentiles are listed on Xtrakter.com.
When comparing the percentiles for the first and second quarters of 2010 relating to equity trading the following was noted: The London Stock Exchange lost 4.54% of its share; Chi-X dropped by 2.30% & NYSE Euronext – Paris rose by 2.66% of the total amount of equity transactions processed by Xtrakter.
In 2009 Xtrakter processed 578 million transactions on behalf its user community and currently provides regulators, aggregators and end clients with information to assist them in conducting their net asset valuations, mark to market calculations, fixed income portfolio mapping, liquidity and volume modelling and reference data population.
*League tables are based on the number of transactions processed by Xtrakter and not nominal value.
These tables do not include data relating to systematic internalisers (SIs) or general data for trades conducted on the LSE stock exchange trading system. The LSE trades that are listed by Xtrakter require onward reporting to non UK competent authorities. Please note Euroclear UK and Ireland provide transaction reporting services to the London Stock Exchange members and maybe contacted for additional information or assistance relating to their processing statistics.
Additional information, charts and a league description are available on www.xtrakter.com/charts.aspx , if you wish to contact Xtrakter please e-mail xtrakter@xtrakter.com
The venues of execution are defined by their corresponding Market Identifier Codes (MICs). Venue titles are derived from the official MIC directory and therefore Xtrakter accepts no responsibility for the titles given to venues of execution in the aforementioned league.
