Following the introduction of MiFID, the pattern of equity trading in Europe is changing rapidly. The Fidessa Fragmentation Index (FFI) has emerged as the definitive measure of how trading is fragmenting across established and new venues.
Click here to see the top 20.
| Index | FFI | (Prev) | |
|---|---|---|---|
| FTSE 100 | 2.36 ![]() |
2.37 | .UKX |
| FTSE 250 | 2.07 ![]() |
2.05 | .MCX |
| DAX | 1.99 ![]() |
1.91 | .DAX |
| CAC 40 | 1.94 ![]() |
1.90 | .CAC40 |
| AEX | 1.89 ![]() |
1.92 | .AEX |
| BEL 20 | 1.77 ![]() |
1.77 | .BEL20 |
| SMI | 1.68 ![]() |
1.69 | .SMI |
| OMX S30 | 1.64 ![]() |
1.62 | .OMXS30.ST |
| OMX H25 | 1.56 ![]() |
1.61 | .OMXH25.HE |
| ISEQ | 1.54 ![]() |
1.53 | .IEOP-I |
| FTSE MIB | 1.48 ![]() |
1.43 | .MIB |
| OMX C20 | 1.24 ![]() |
1.26 | .OMXC20.CO |
| PSI 20 | 1.17 ![]() |
1.16 | .PSI20.LS |
| OSLO OBX | 1.14 ![]() |
1.18 | .XOBX.OL |
| IBEX 35 | 1.01 ![]() |
1.01 | .IBEX |
To analyse this summary click here.
Few can have missed the announcement this week that the LSE’s new low latency platform, Millennium Exchange, will be up and running in September. This comes just months after its acquisition of the Sri Lankan firm, Millennium IT, which supplies the technology and is testimony to the new thinking now taking place at the LSE. The same news item also mentions that the LSE has adopted a “self certification procedure” for the transition which will place the onus on the trading community to ready itself for the new platform. This is a canny move by the LSE as it enables [...]