SmartPool claims Q1 market share gains
SmartPool, the European dark liquidity pool created by NYSE Euronext in partnership with HSBC, J.P.Morgan and BNP Paribas, today announced record growth during Q2 2010 and its best monthly performance to date in Italy and Germany.
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SmartPool's matched volume of €5.7bn Q2 10 represents an increase of 473% over Q1, making SmartPool the fastest-growing dark Multilateral Trading Facility (MTF) in Q2 2010. The number of trades also increased by 379%.
According to the Thomson Reuters Equity Market Share Service, SmartPool reported an average dark market share of 15.9% of MSCI EMU Large Cap Index, 15.1% of the Dow Jones STOXX 600, 17.4% of the DJ STOXX 50 and 16.5% of FTSE Eurotop 100 Index during June. Market share source from available data of the dark pool MTFs, as published via Thomson Reuters European Market Share Reporter.
In addition to strong market share gains in the major European blue-chip indices, SmartPool also strengthened its position in a number of national markets. Key dark market share highlights over this period include:
27.3% market share in Xetra Dax
26.3% market share in FTSE MIB
16.5% market share in FTSE 100
Lee Hodgkinson, SmartPool CEO commented:
"I am delighted with our continued growth over the quarter and with another strong month of trading on SmartPool in June. Our sustained momentum is proof of the power of our offer and I would like to thank our customers for the trust and confidence they place in us."