March 2019- From LSEG to the Buyside

Highlights

• • Turquoise Global Holdings Europe B.V. approval in Amsterdam
  • London Stock Exchange Midpoint Pegged Orders executable at all midpoint prices, functional change effective Monday 11 March 2019
  • RFQ on Borsa Italiana ETFplus record: €1.4bn monthly value traded
  • MTS sees record trading across platforms in February 2019

  
  Turquoise Plato™ Working Group - London, March 6th 2019

  • Brexit contingency update: Turquoise Global Holdings Europe B.V. has received regulatory approval from Autoriteit Financiële Markten (AFM) to operate a Multilateral Trading Facility (MTF) in The Netherlands
  • Thanks to our global buyside and sellside customers, Turquoise Plato™ has recorded tremendous growth increase in Average Daily Turnover since 2013 (+477%)
  • Total absolute amount of midpoint value traded is more than €800bn single counted, thank you to our customers

  Turquoise Plato™ Average Daily Turnover (2013 - 2019*)
  
  
  * 2019 figures include January and February 2019
  
  Turquoise Plato™

  • €17.9bn Turquoise Plato™ monthly value traded in February 2019
  • €8.2bn monthly value traded on Turquoise Plato Block Discovery™
  • €331,548 average trade size for all trades in February
  • €1.3m average trade size for MiFID II ESMA Band 8 and 9 blue chips above LIS
  • €12.8m max trade size in February

  Turquoise Plato Block Discovery™ - Top 10 Trades (monthly)
  
  
  Turquoise Plato Lit Auctions™ for all trade sizes

  • €10.2m Max Trade Size (August 2018)
  • Active with trades above €500,000 in 15 countries
  • Active in symbols of 17 countries, 17% above €100,000 and 6% above Large In Scale (LIS)
  • €757.8m monthly value traded in Turquoise Plato Lit Auctions™ in February 2019 (+29% versus January 2019)
  • €0.01m or €9,430 Average Trade Size in February 2019
  • 99%+ multilateral: only 0.02% of total activity occurred with the same counterparty on both sides, both orders received within 100ms and same order sizes on both the buy and the sell

  London Stock Exchange

  • London Stock Exchange Market Share of UK Lit trading activity was 68.7% (monthly)
  • £91.9bn London Stock Exchange total order book value traded in February
  • 32.9% was traded during Closing Auctions
  • ADVT on London Stock Exchange Order Book was £4.59bn (monthly)
  • £9.7m Average Daily Value Traded in Closing Price Crossing (CPX) Session
  • £36,179 Average Trade Size

  FTSE100 Daily Turnover and Index Values

  
  London Stock Exchange Mid-Point Pegged Orders

  • Matching logic update for Large In Scale Mid-Price Pegged Orders: from Monday 11 March 2019, pegged orders will revert to the functional behaviour in place prior to 28 January 2019 so as to be executable at all mid-point prices
  • £374.4m monthly value traded via London Stock Exchange mid-point pegged orders in February 2019

  Borsa Italiana

  • Borsa Italiana share of Italian lit markets in February 2019 was 79.9%
  • ADVT on Borsa Italiana Order Books was €2.31bn in February 2019

  Borsa Italiana MTA - Most Traded Stocks (monthly)
  
  
  ETPs - London Stock Exchange

  • £7.4bn (292k trades) monthly order book value traded for ETPs in February 2019
  • £15.9bn (615k trades) YTD order book value traded for ETPs in 2019.
  • On 26 February 2019 iShares Physical Gold ETC (IGLN) was the heaviest traded product across ETP order book, with £171m value traded

  ETPs Borsa Italiana

  • From 4 March 2019, the Opening Auction has been introduced on ETFplus
  • Further details can be found here
  • ETFplus AUM reached €71.9bn, and €9.4bn monthly turnover in February 2019

  Borsa Italiana ETFplus - Most Traded ETPs (monthly)
  
  
  RFQ on Borsa Italiana ETFplus

  • Monthly record: €1,406m monthly value traded via Borsa Italiana ETFplus RFQ
  • €4.39m average trade size
  • €53.74m max trade size
  • Monthly record: 320 trades with RFQ functionality, up from previous record of 228 trades in January 2019

  Borsa Italiana ETFplus RFQ - Monthly Turnover and Number of Trades
  
  
  MTS

  • Monthly record: February was a record trading month across MTS platforms, with average daily nominal volume hitting €144bn
  • Daily record: 12 February 2019 also set a record for the biggest single trading day, with total nominal volume of €162bn