European Equities Market Microstructure Survey Q4 2021
27 August 2025
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European Equities Microstructure Survey
big xyt
2021 has ended and all that remains are the tea leaves at the bottom of the cup.
In our latest annual survey of market volumes and fragmentation trends in European equities, we gaze at the patterns to see how the story unfolded and what we can learn about the year ahead.
Another turbulent year for equities globally played out in the daily ebb and flow of over 250 billion quotes, orders and trades, presented to you here in a short pictorial summary.
