European equities trades increase over 30% in a year

European equities trades increased 32% between the first quarter of 2010 and the first quarter of 2011, in a wider indication of the recovery of the market.

The number of trades rose 32% from 51.9m to 77.8m between 2010 and 2011 so far, according to pan-European exchange provider Chi-X Europe. Trades executed also jumped up 24% in the first quarter of this year on the previous quarter alone.

The latest results indicate a recovery in the European equities market, as shares worth over €454bn were traded on Chi-X in Q1 of 2011. In the first quarter of last year, shares traded were to the value of €367.5bn, showing an increase of 24% into 2011. An equivalent increase took place between the final quarter of 2010 and the first of 2011.

As of June 2010, Chi-X became the second largest pan-European equities exchange in Europe, behind the London Stock Exchange (LSE) in first place. In January last year, Chi-X ranked third, jumping up from fifth place in December 2009.

Over the course of 2010, the exchange provider increased its market share of the FTSE 100, the AEX 25, the BEL 20, the DAX 30, the SMI 20, and the OMX S 30, and maintained its share of the CAC 40. Between the last quarter of 2010 and the first quarter of 2011, its share of four of those indices shrank somewhat, however.

Chi-X Europe is due to announce a new set of European equity indices in partnership with Russell Investments, which will include some of the most liquid and highly capitalised stocks across Europe, it said.

The new indices are likely to list future and options contracts, the provider’s first foray into the derivatives market.

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