Market Intelligence
Markets work better
when they are understood.
Independent market structure intelligence
01  Understand the markets

One reconciled picture of every venue and mechanism

European ETF turnover, from total volume down to every execution mechanism.

02  Get the real values

Headline volume is not real liquidity

Corrections stripped, addressable liquidity isolated, late-reported trades folded back in.

0.0bn
Total reportedRaw European ETF turnover, as printed across all venues
0.0bn
Less corrections & cancellationsTrades corrected, cancelled, duplicated between venues
0.0bn
Only addressableLiquidity a client could actually have traded with, at the time
0.0bn
Plus late-reportedTrades reported after the fact, folded back into the true picture
Illustrative reconciliation, based on xyt's Liquidity Matters methodology
03  Choose the right venue

Find where your size actually trades best

Vodafone, spreads by trade size across venues and currencies.

Best for €500k
Venue B, EUR
Spread 4.2 bps at that clip. Same name, different venue, half the cost.
04  Track regulation as it lands

When the rules change, the tape changes with them

Double-volume-cap reset shifts flow from dark order books into periodic auctions. We track it in real terms, in the categories affected.

05  Compare peers side by side

Three funds, one methodology

Same universe, same clock, same definition of addressable. Direct comparison across primary and secondary metrics.

Metric
Fund AEuro short-maturity
Fund BUSD short-maturity
Fund CUSD ultra-short income
AuM (latest)
€303m
€2.34bn
€119m
Net flows, 12M
+€99m
+€406m
+€26m
ADVT (per day)
€1.07m
€7.40m
€0.90m
Top-of-book spread
6.95 bps
4.42 bps
4.95 bps
Retail share of turnover
4.7%
3.1%
5.8%
06  See how ETFs actually trade

Where lit wins, and where RFQ takes over

Venue mix by trade size. Same fund, different mechanism, the crossover tells you where to route.

07  Watch it happen, live

Today's tape, as it prints

Reference day traded value builds through the session, plotted against the last five sessions. Same engine end of day.

Live · 12:50 CET
08  Ask in plain English

Analytics that understand the question

Every answer computed on the same trusted record. Cited to the tick, safe to share.

Top 5 European equities by traded value, today (as of 12:50 CET)
RankInstrumentTop venueTop categoryValue
01Stock A · LNLSE Order BookLit / Order Book€142m
02Stock B · GYXetraLit / Order Book€118m
03Stock C · FPEuronext ParisLit / Order Book€95m
04Stock D · LNMultiple (RFQ mix)RFQ€81m
05Stock E · IMBorsa ItalianaLit / Auction€72m
Answer cited to the underlying tick. No customer data used for model training.
Markets, understood.