Market Quality publications
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Demystifying the liquidity gap between European…
European volumes are closer to the US than they appear.A widely held belief in global finance is that the US equity market reigns supreme in terms of liquidity, surpassing other markets by a wide…
#Short Equity analysis -
Equity Trading News - February 2024
Are you afraid of the dark? Thanks to Euronext Mid-Point Match, you won't be.
On 18 March 2024, Euronext will launch dark, mid-point and sweep…
#Equity Trading Newsletter -
Latency costs of Dark MTFs
Pages: 18
Publication date: 24 February 2024
Authors: Paul Besson, Head of Quantitative Research & Anatole Casimir, Quant Research… #Euronext Quantitative Research -
Equity Trading News - January 2024
Since the completion of the migration of Borsa Italiana's cash equity markets to Optiq®, we have been happy to focus our efforts on the expansion of our order book functionalities and product…
#Equity Trading Newsletter -
Equity Trading News - October 2023
In this month’s Equity Trading Newsletter, you will find details on the upcoming expansion of Euronext Global Equity Market (Euronext GEM) – planned in November 2023 to facilitate the access to…
#Equity Trading Newsletter -
Equity Trading - September 2023
On 27 March 2023, Borsa Italiana equity markets migrated onto Euronext Optiq® platform. What can we observe 6 months later?
#Equity Trading Newsletter
Take a look at this newsletter and our latest equity… -
Equity trading ‘Made in Italy’: From migration to…
How market quality has evolved since the migration of Borsa Italiana equity markets onto Euronext Optiq®After publishing studies on (#1) the evolution of market quality during Covid volatility…
#Short Equity analysis -
Equity Trading - Summer 2023
As the summer period is approaching, we are glad to share a recap of the first half of 2023 with (1) evolution of market share across exchanges and MTFs, (2) the successful migration of Italian…
#Equity Trading Newsletter -
Equity Trading - May 2023
In this month’s Equity Trading Newsletter, you will find equity product innovation updates as we plan to (1) launch dark trading and midpoint functionalities, and (2) expand our retail offering…
#Equity Trading Newsletter -
Equity Trading - April 2023
Market quality analysis on Euronext remaining the venue for price formation in Europe.
We provide observations on Euronext’s superior price formation metrics compared to…
#Equity Trading Newsletter -
Milan equities outperform Equiduct APEX
Pages: 16
Publication date: 13 March 2023
Authors: Paul Besson, Head of Quantitative Research, Théo Compérot, Quant Research Analyst and… #Euronext Quantitative Research -
Equity Trading - March 2023
Factual insights on Euronext being the market where price formation happens.
We also provide observations on Closing Auctions activity, evolution of European equity volumes…
#Equity Trading Newsletter -
Equity Trading - January 2023
2022 was marked by superior and resilient market quality, even in times of volatility as demonstrated by our quantitative research studies, record trading days, and our core data centre migration…
#Equity Trading Newsletter -
FX Global Code vs Non-Code execution quality…
Pages: 27
Publication: 30 November 2022
Authors: Paul Besson, Head of Quantitative Research and Mehdi-Lou Pigeard, Quant Research AnalystFX Global…
#Euronext Quantitative Research -
From better Markouts to better passive execution…
Pages: 28
Publication: 6 October 2022
Authors: Paul Besson, Head of Quantitative Research, Théo Compérot, Quant Research Analyst and Cheng… #Euronext Quantitative Research -
Equity Market more resilient to global turmoil?
The geopolitical tensions of 2022 are bringing back volatility to the markets. Covid outbreakThe Covid outbreak in 2020 had already marked a turning point, with volatility at consistently higher…
#Short Equity analysis -
Better passive posting across Lit venues
Pages: 40
Publication: 17 February 2022
Authors: Paul Besson, Head of Quantitative Research, Théo Compérot, Quant Research Analyst and… #Euronext Quantitative Research -
Equity market quality in times of volatility
2020 was an exceptional year in terms of volatility in Europe, reaching the levels of 2008 (measured by the CAC 40® Volatility Index or VCAC). Over the course of 2020 and 2021, volatility has…
#Short Equity analysis