March 2018- From LSEG to the Buyside
2020-02-03
Highlights
- ESMA has announced its first assessment of the Double Volume Cap Mechanism
- Record €24.01bn monthly traded on Turquoise Plato™ midpoint
- £235mln monthly traded through LSE Mid-Point Pegged Order
- £11bn monthly traded on LSE ETP's order-book, highest level since 2011
- Borsa Italiana ETFPlus AUM reached record high €66.71bn
ESMA
- ESMA confirms implementation date for volume caps under MiFID II: 12 March
- Turquoise published a provisional list of impacted instruments which will receive a six-month suspension of the Reference Price Waiver (RPW) in the Turquoise Plato™ order book (TRQM)
- Borsa Italiana published the list of capped instruments
Turquoise Plato™
- €24.01bn monthly traded on Turquoise Plato™ in February 2018
- Up from previous record of €23.38bn in January 2018 - €8.71bn monthly traded via Turquoise Plato Block Discovery™
(Above) Top venues trade count. Week ending 02/03/2018 Source: Fidessa 'Top of the Blocks Report'
(Above) Portion of Dark Traded as LIS Blocks Source: Fidessa 'Top of the Blocks Report'
LSE Mid-Point Pegged Order
- £235mln traded through Mid-Point Pegged in Feb 2018
- Second best month since inception after Jan 2018 record (£400mln)
Turquoise Lit Auctions™
- Turquoise Lit Auctions™ Minimum Execution Size went live on 5 March
London Stock Exchange Order Book
- £6.3bn ADVT on LSE Order Book in February, up from £5.96bn in January 2018
- Monthly ADVT traded in LSE Closing Auction was £1.6bn, comprising 25% of on-book volume
- Value traded in auctions in February 2018 represented 31% of total on-book business in FTSE 100 stocks
Source: London Stock Exchange analysis, February 2018
ETFs
- On London Stock Exchange, a record £11bn was traded on order-book for ETPs in Feb 2018
- The highest monthly order-book turnover since 2011, despite only 20 trading days in Feb - On Borsa Italiana ETFPlus sets a new record of €66.71bn AUM: €60.53bn for ETFs, €5.90bn for ETCs/ETNs and €0.279bn for open-end funds
- 14.88% growth from February 2017 - In March, J.P. Morgan Asset Management listed 5 ETFs on Borsa Italiana for the first time
Derivatives
- Ca. 800 lots traded on the FTSE Italia PIR Mid Cap Futures listed on the IDEM market since launch, equivalent to €22mln
- New all time daily volume record for FTSE MIB Index Dividend Futures on the IDEM market on February 6, with 5270 contracts traded
Primary Markets
- In Milan, 3 SPACS IPOs on AIM Italia in March:
- ALP.I money raised €100mln
- SPAXS money raised €600mln
- VEI 1 money raised €100mln - 3 IPOs on London Stock Exchange:
- OnTheMarket plc raised £30mln on AIM
- TruFin plc raised £70mln on AIM
- Marble Point Lean Financing Ltd raised £31mln through Special Funds Segment (SFS)
ELITE
- ELITE, IMMC and FIEMG signed a collaboration agreement to launch a business support & capital raising programme in Brazil
Conferences & Events |
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Did you know that... |
On 06 February amid market volatility, ETFplus recorded the highest trading volumes since inception: 53,649 trades worth €1.58bn |