Equity number of trades EOB

By: The WFE Research Team Jul 2023

In this article, we analyse the trends in equity number of trades EOB (Electronic Order Book) observed in the last year. The data is available on the WFE Statistics Portal, while the indicators are defined in our Definitions Manual. For questions or feedback about this article, please contact the WFE Statistics Team at [email protected].

There were 10.68 billion equity trades EOB in Q1 2023, which represented a 1.3% drop on Q4 2022. The decline was more significant (-15.4%) when compared to Q1 2022 (Figure 1).

As Figure 1 shows, most of the trades take place on Asia-Pacific markets (65.5%), while the Americas region accounts for 26.1% and the EMEA for the rest of 8.4%.

Figure 1: Number of trades EOB total between Jan 2021 - May 2023

Year-to-date[1], the equity number of trades EOB amounted to 17.99 billion, of which 4.43 billion took place in the Americas region, 12.10 billion on APAC markets and 1.46 billion in EMEA region.

Quarter-on-quarter, in Q1 2023 volumes declined 1.3%, due to all regions decreasing: the Americas by 2.7%, APAC by 0.5% and EMEA by 3.1%.

In H2 2022 volumes went down 10.4% (reaching only 22.35 billion), when compared to H1 2022, due to all regions declining: the Americas (-17.8%), APAC (-8%) and EMEA region (-3.2%). The decline was less pronounced (-5.8%) when compared to H2 2021. This result was due to APAC region (-10.8%), while the Americas and EMEA regions rose 5.3% and 8.4%, respectively.

In 2022 volumes went up 5.6% compared to 2021, amounting to 47.30 billion trades, with all regions having a positive trend: the Americas (14.5%), APAC (2%) and EMEA region (8.8%).

Exchanges that recorded double digit increases in volumes in Q1 2023 compared to Q4 2022 were: Korea Exchange (26.7%), Moscow Exchange (21.6%) and MIAX Exchange Group (16.1%).

Regional volumes are illustrated in Figures 2-4.

Figure 2: Equity number of trades EOB in the Americas region between Jan 2021 - May 2023

Figure 3: Equity number of trades EOB in APAC region between Jan 2021 - May 2023

Figure 4: Equity number of trades EOB in EMEA region between Jan 2021 - May 2023



[1] January to May 2023