Securities products and services are offered by the following subsidiaries of Virtu Financial, Inc. In the U.S., Virtu ITG LLC or Virtu Americas LLC, both FINRA and SIPC members; in Canada, Virtu ITG Canada Corp., member Canadian Investor Protection Fund (“CIPF”) and Investment Industry Regulatory Organization of Canada (“IIROC”), MATCHNow® is a product offering of TriAct Canada Marketplace LP (“TriAct”), member CIPF and IIROC. TriAct is a wholly owned subsidiary of Virtu ITG Canada Corp.; in Europe, Virtu ITG Europe Limited, registered in Ireland No. 283940 (“VIEL”) (VIEL’s registered office is Whitaker Court, Whitaker Square, Sir John Rogerson’s Quay, Dublin 2, Ireland. VIEL is authorized and regulated by the Central Bank of Ireland), and Virtu Financial Ireland Limited, registered in Ireland No. 471719 (“VFIL”) (VFIL’s registered office is Whitaker Court, Whitaker Square, Third Floor, Block C, Sir John Rogerson’s Quay, Dublin 2, Ireland. VFIL is authorised and regulated by the Central Bank of Ireland); in Asia, Virtu ITG Hong Kong Limited (SFC License No. AHD810), Virtu ITG Singapore Pte Limited (CMS License No. 100138-1), and Virtu ITG Australia Limited (AFS License No. 219582).
In some larger developed markets, closing auctions now account for >20%*, and growing, of volume traded. Spurred on by passively invested funds and relatively low cost liquidity at the close, we question how to best interact with this volume.
The interactive component of the global Market on Close (MOC) Watch offers viewers the ability to quickly compare global, regional, country and date ranges from 2017-QTD. Each country value references a market-specific index, the comparison takes a simple average of the underlying countries we included in this analysis and though not informative from a trading point, these averages give a sense of overall market on close activity.
How can we make this tool more useful? Let us know what else you would like to see added.