Our privacy policy describes how Fidessa uses cookies on our website. If you continue using our website, you are consenting to our use of cookies. OK

Welcome to the world of daytime fragulation!

As some of you have already seen, the clever chaps back at Fidessa Labs have created a live version of our award-winning Fragulator. This enables you to watch the ebb and flow of fragmentation for any European stock or index on a real-time basis (sorry, no other markets just yet).

As you can see below, it was especially useful last Tuesday when Deutsche Börse had a hiccup and delayed its opening by 80 mins.

The absence of trading during the outage proved, yet again, that the market is still overly dependent upon the primaries for price formation. The irony of this was highlighted as well by NYSE Euronext’s Duncan Niederauer who believes that exchanges risk becoming mere show rooms for prices and that all the real trading might end up taking place on alternative lit and dark venues.

Some of you have been kind enough to let us know that you’ve found Fragulator Live useful in a number of ways, including for observing how fragmentation varies during the trading day as liquidity shifts across venues; discovering which European venues benefit the most from the US market opening; checking how SORs behave when the LSE goes into auction mode; and comparing indices and stocks across different geographic regions.

Anyway, enjoy the Fragulator Live – let us know what interesting things you discover and what else you’d like to see.

Leave a comment

Copyright © 2018 Fidessa Group Holdings Limited. All rights reserved.

The information contained within this website is provided for informational purposes only. Fidessa will use reasonable care to ensure that information is accurate at the time it is made available, and for the duration that it remains on the site. The information may be changed by Fidessa at any time without notice. We also reserve the right to close the website at any time. No representation or warranty, expressed or implied, is given on behalf of Fidessa or any of its respective directors, employees, agents, or advisers as to the accuracy or completeness of the information or opinions contained herein or its suitability for any purpose and, save in the case of fraud, all liability for direct, indirect, special, consequential or other loss or damages of whatever kind that may arise from use of the website is hereby excluded to the fullest extent permitted by law. Any decisions you make based on the information in this website are your sole responsibility and information on the website should not be relied upon in connection with any investment decision.

The copyright of this website belongs to Fidessa. All other intellectual property rights are reserved.

Fragulator® is a registered trademark of Fidessa Group Holdings Limited.

Reproduction or redistribution of this information is prohibited except with written permission from Fidessa.