Top 10 venues of execution change in June 08
(LONDON, UK) Xtrakter, the fixed income market utility, announced today the second edition of its league table of execution venues. The second edition tracks the movement of liquidity in the market and outlines the top 10 venues of execution for both fixed income and equities for the month of June 08.
When comparing June 08 to May 08 figures the following changes were observed: Equities traded over the counter (OTC) fell by 7.62% to 20.75% making it the preferred method of execution for equities processed by Xtrakter during this period.
During the same period the top 10 execution venues for equities changed; Euronext Paris remained in 1st place, Chi-X rose by 3.28% to take 2nd place, Deutsche Kassenverein AG rose by 8.69% to take 3rd place, the London Stock Exchange rose by 2.54% to take 4th place, Deutsche Borse fell by 4.83% to 7th place and Nasdaq (USA) fell by 4% to 8th place. Outlined below is a list of the top 10 execution venues for equities processed in June 08 listing their current share and percentile changes;
Top 10 Venues of Execution for Equities*:
Venue of Execution: May % of share June % of share % difference
(Over the counter 22.10% 20.75% - 1.35%)
Euronext Paris 17.45% 17.87% +0.42%
Chi-X (Europe) Ltd 6.13% 9.41% +3.28%
Deusche Kassenverein 0.30% 8.99% +8.69%
London Stock Exchange 4.51% 7.05% +2.54%
Electronic Share Market 6.31% 6.83% +0.52%
Deutsche Boerse 11.66% 6.14% -4.83%
NYSE Euronext Amsterdam 5.55% 6.06% +0.51%
Nasdaq (USA) 7.35% 3.35% -4.00%
Virt-X 6.09% 2.91% -3.18%
Other venues 10.14% 10.64% +0.50%
Once again OTC was the largest method of execution for fixed income securities processed by Xtrakter representing 88.93% of the total share.
During the same period the following changes were observed with the top 10 execution venues for fixed income; Euro Global MTS fell from 4th to 5th place and was replaced by Bondvision, Euro MTS fell from 8th to 9th place and was replaced by ICAP Electronic (USA). Outlined below is a breakdown of the top 10 venues of execution for the fixed income processed in June 08 listing their current share and percentile changes;
TOP 10 Venues of Execution for the Fixed Income market*:
Venue of Execution: May % of share June % of share % difference
(Over the counter 88.01% 88.93% +0.92%)
Tradeweb (Europe) Ltd 1.93% 1.80% -0.13%
MTS SPA 1.87% 1.66% -0.21%
ICAP Electronic (Europe) 1.23% 1.64% +0.41%
Bondvision 0.65% 0.66% +0.01%
Euro Global MTS 0.75% 0.60% -0.15%
Nyse Euronext (Amsterdam) 0.57% 0.59% +0.02%
London Stock Exchange 0.47% 0.53% +0.06%
ICAP Electronic (USA) 0.32% 0.46% +0.14%
Euro MTS 0.38% 0.43% +0.05%
Other venues 4.17% 2.40% -1.77%
*League tables are based on the number of transactions processed by Xtrakter and not nominal value. The tables do not include data relating to systematic internalisers (SIs) or data for trades conducted on the LSE stock exchange trading system (SETS). The venues of execution are defined by their corresponding Market Indentifier Codes (MICs).
Contact
Conor Coughlan
Product & Services Marketing
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