The multiplication of trading venues in the European equity markets makes it difficult to track trading activity and assess the relative strengths of the various brokers active in these markets.
Markit MSA offers market participants facing this problem with a transparent market share service, collecting and aggregating an estimated 70% of all cash equity trading in Europe across traditional exchanges, MTFs and OTC markets on a T+1 basis. With European stock coverage of around 25,000 unique instruments, Markit MSA has widespread coverage and is actively working to include all the major and specialised dealers in the EMEA cash equity and ETF markets.
Buy-side institutions use Markit MSA to inform their choice of brokers when seeking to execute trades while sell-side institutions use the service to ascertain their market share for marketing and business development purposes.
Markit MSA now also ranks ETF market makers by issuer, product group, asset class exposure, holding type, tax domicile and investment strategy, giving users an unprecedented level of visibility on ETF instruments.
Trading activity is sourced directly from brokers. Strict contribution rules and internal validation processes ensure data consistency across all brokers.