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.
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| Index | FFI | (Prev) | |
|---|---|---|---|
| FTSE 100 | 2.48 ![]() |
2.49 | .UKX |
| FTSE 250 | 2.08 ![]() |
2.10 | .MCX |
| AEX | 2.03 ![]() |
1.97 | .AEX |
| DAX | 1.99 ![]() |
1.93 | .DAX |
| OMX S30 | 1.93 ![]() |
1.89 | .OMXS30.ST |
| OMX H25 | 1.93 ![]() |
2.08 | .OMXH25.HE |
| CAC 40 | 1.92 ![]() |
1.84 | .CAC40 |
| BEL 20 | 1.89 ![]() |
1.84 | .BEL20 |
| SMI | 1.87 ![]() |
1.97 | .SMI |
| FTSE MIB | 1.56 ![]() |
1.54 | .MIB |
| OMX C20 | 1.43 ![]() |
1.35 | .OMXC20.CO |
| ISEQ | 1.38 ![]() |
1.33 | .IEOP-I |
| OSLO OBX | 1.28 ![]() |
1.29 | .XOBX.OL |
| PSI 20 | 1.18 ![]() |
1.18 | .PSI20.LS |
| IBEX 35 | 1.05 ![]() |
1.05 | .IBEX |
To analyse this summary click here.
Few can have missed the reports that BATS Global Markets is believed to be in negotiations to buy Chi-X Europe. There is a certain logic for closer ties between the two as they both share a number of the same owners. The timing may also be significant as the fall-off in European volume will have [...]