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.

Fidessa Fragmentation Index

Week Ending 5 Feb

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.

From the blog...

Latency Wars – The Empire Strikes Back – 5 February 2010

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 [...]

The Luck of the Irish – 27 January 2010

The T Word – 20 January 2010

Fragmentation Fever Goes East - 6 January 2010

Happy Holidays – 17 December 2009

The best way to resolve the current lack of transparency in pre- and post-trade data is through:

Loading ... Loading ...