NEWSLETTER | SUMMER 2024Euronext Mid-Point Match
Gaining traction in the dark space Euronext Global Equity Market
Record-high volumes for retail investors trading US stocks Euronext Wireless Network (EWiN)
Microwave order entry service is now live |
Euronext Mid-Point Match update since the Go-Live
Introducing zero latency for dark-to-lit execution on Euronext stocks
Available since 8 April 2024 on Euronext's seven regulated markets, Euronext Mid-Point Match is an advanced suite featuring Dark Mid-Point and Dark-Lit Sweep functionalities integrated into Euronext's Central Order Book.
Growing number of clients connected:
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12 direct trading members are active in production. They are a diversified mix of global banks, local brokers and market makers.
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19 trading participants are in the testing phase.
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7 ISVs (Independent Software Providers) are now ready to offer access to Euronext Mid-Point and Sweep functionalities.
Volumes ramping up on Euronext Mid-Point Match:
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Throughout June, the average daily value traded on Euronext Mid-Point Match for dark orders has increased consistently.
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The most active days have been 14 and 15 June, respectively reaching €22.8 million and €18.2 million value traded in the dark, respectively.
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On Euronext Mid-Point Match, the most traded stocks have achieved significant daily market share among dark pools, with some Italian ISINs reaching a daily market share on Euronext of over 20% in dark volumes, below Large-in-Scale (LIS).
Source: BMLL Technologies. Daily market share of Euronext Mid-Point Match per stock on dark volumes below LIS, considering all venues.
Euronext Global Equity Market (GEM)
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Euronext Global Equity Market is continuously expanding its portfolio, now offering over 380 European and US stocks, from 09:00 to 20:30 CET, cleared and settled in Euros.
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Since the stock universe expansion in November 2023, daily value traded on Euronext GEM Equity has grown by +66% and Trading After Hours (TAH) by +22%.
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Euronext GEM Equity and TAH together hit more than €100 million value traded for seven days in 2024, thanks to market makers supporting liquidity and additional retail flow which now accounts for 50% of Euronext GEM volumes.
Euronext GEM Equity most traded stocks:
It was an intense season for US quarterly results bringing a wave of activity on US stocks on Euronext GEM Equity:
Check out the 380+ stocks listed on Euronext GEM Equity
Did you know that...
As an existing member of Euronext equity markets, you can access Euronext GEM Equity without requiring a new Logical Access and without extra market data costs. This allows you to trade stocks from the US, Germany, Spain, Finland, and Sweden using your current technical set-up.
Euronext Wireless Network (EWiN)
Euronext launched its state-of-the-art connectivity service using a microwave route, in collaboration with McKay Brothers International.
The Euronext Wireless Network allows Euronext's cash equities trading members to send orders from its London LD4 Equinix Data Centre to its primary Data Centre Aruba IT-3 in Bergamo, in less than 4 milliseconds.
Since going live on 10 July, international brokers who have adopted EWiN can benefit from lower latency and improved execution performance.