Report Liquidity – VIRTU Financial Inc.
Market Close Watch
An all-new interactive infographic that completely transforms how you view the global market close auctions. Combine what you see by region or date.
Virtu is redefining what content can do. Learn more.
End of Day Volume Trends
Last 15 mins
Closing Auction Volume
% of volume
Worldwide
Worldwide
Data last 15
Data MOC
We allow for comparison of both regional and global numbers which takes a simple average of the underlying countries we included in this analysis. While not informative from a trading point, these averages give a sense of overall market on close activity.
Date Range
2017
Q1
-
2020
Q1
AMERICAS
AMERICAS
Data last 15
Data MOC
EU
EU
Data last 15
Data MOC
ASIA
ASIA
Data last 15
Data MOC
USA
USA
Data last 15
Data MOC
CAN
CAN
Data last 15
Data MOC
GBR
GBR
Data last 15
Data MOC
FRA
FRA
Data last 15
Data MOC
DEU
DEU
Data last 15
Data MOC
HKG
HKG
Data last 15
Data MOC
JPN
JPN
Data last 15
Data MOC
AUS
AUS
Data last 15
Data MOC
Market Impact Estimates By Order Size For Q1 2020
© 2020 Virtu Financial, Inc. All rights reserved. Not to be reproduced or retransmitted without permission. Read full disclosures.
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© 2020 Virtu Financial, Inc. All rights reserved. Not to be reproduced or retransmitted without permission. These materials are for informational purposes and are not intended to be used to make trading or investment decisions, they are not intended as an offer to sell or the solicitation of an offer to buy any security or financial product, and are not intended as advice (investment, tax or legal). The information contained herein has been taken from trade and statistical services and other sources we believe to be reliable but we do not represent that such information is accurate or complete and it should not be relied upon as such. No guarantee or warranty is made as to the reasonableness of the assumptions or the accuracy of the models or market data. All functionality described herein is subject to change without notice.
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.
*Source: Virtu Analytics, 2020