Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E...

36
LiquidMetrix Battlemap for ES-35 Current Period Comparison Period 01-Aug-2020 to 31-Aug-2020 01-Jul-2020 to 31-Jul-2020 Market Share Rank Venue Market Share Change 1 XMAD 68.91% -2.60 2 CHIX 13.87% +1.24 3 BATE 7.48% +0.47 4 TRQX 5.48% +0.40 5 AQXE 4.26% +0.48 Volume Trend _________________ Market Share Trend Spreads At touch Rank Venue Spread (bps) Change 1 XMAD 7.15 -0.15 2 AQXE 8.36 +0.03 3 CHIX 9.22 -0.39 4 BATE 15.83 -0.49 5 TRQX 16.13 -2.52 Monthly Spread Trend _________________ 25k EUR deal Rank Venue Spread (bps) Change 1 XMAD 10.84 -0.03 2 AQXE 14.90 +0.34 3 CHIX 15.19 -0.03 4 BATE 23.50 +1.32 5 TRQX 40.49 -10.43 Monthly Spread Trend Book Depths 10BPS Depth (top of book) Rank Venue Depth (1K EUR) Change 1 XMAD 251.2 +132.7 2 CHIX 44.8 +5.0 3 AQXE 36.6 +1.0 4 BATE 24.9 +4.7 5 TRQX 9.5 +2.3 Monthly Depth Trend _________________ 50BPS Depth (deeper into book) Rank Venue Depth (1K EUR) Change 1 XMAD 1,261.9 +251.7 2 CHIX 270.3 -0.3 3 AQXE 161.0 -4.9 4 BATE 153.3 +3.5 5 TRQX 64.0 +7.5 Monthly Depth Trend Best Prices At touch Rank Venue Best Price (%) Change 1 XMAD 15.64 -0.85 2 AQXE 9.69 -0.45 3 CHIX 3.05 -0.37 4 TRQX 2.40 +0.30 5 BATE 2.35 -0.10 Best Prices Trend _________________ 25k EUR deal Rank Venue Best Price (%) Change 1 XMAD 77.92 -0.80 2 AQXE 7.99 +0.02 3 CHIX 6.17 -0.33 4 BATE 0.51 +0.00 5 TRQX 0.17 +0.02 Best Prices Trend Market share is based on on-book value traded during continuous trading. The share is calculated by averaging over all stocks in the index. The current value shown is for last week and the change is relative to the previous week. Spreads measure the bid to offer spread of the best visible orders in the book. The result is averaged over the stocks in the index and is based on measurements of the order books every 30 seconds. The value for the spread is quoted in basis points (0.01%). Market depth measures the amount of visible liquidity (bids and offers) in the order book within 10 or 50 BPS of mid price. The result is averaged over the stocks in the index and is based on measurements of the order book every 30 seconds. This is quoted in '000s of EUR. Best Price % measures how often each venue posts an absolute best price (no ties) for stocks. The result is averaged over the stocks in the index and is based on measurements of the order book every 5 seconds.

Transcript of Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E...

Page 1: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

ES-35

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 68.91% -2.60

2 CHIX 13.87% +1.24

3 BATE 7.48% +0.47

4 TRQX 5.48% +0.40

5 AQXE 4.26% +0.48

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 7.15 -0.15

2 AQXE 8.36 +0.03

3 CHIX 9.22 -0.39

4 BATE 15.83 -0.49

5 TRQX 16.13 -2.52

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 10.84 -0.03

2 AQXE 14.90 +0.34

3 CHIX 15.19 -0.03

4 BATE 23.50 +1.32

5 TRQX 40.49 -10.43

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 251.2 +132.7

2 CHIX 44.8 +5.0

3 AQXE 36.6 +1.0

4 BATE 24.9 +4.7

5 TRQX 9.5 +2.3

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 1,261.9 +251.7

2 CHIX 270.3 -0.3

3 AQXE 161.0 -4.9

4 BATE 153.3 +3.5

5 TRQX 64.0 +7.5

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 15.64 -0.85

2 AQXE 9.69 -0.45

3 CHIX 3.05 -0.37

4 TRQX 2.40 +0.30

5 BATE 2.35 -0.10

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 77.92 -0.80

2 AQXE 7.99 +0.02

3 CHIX 6.17 -0.33

4 BATE 0.51 +0.00

5 TRQX 0.17 +0.02

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 2: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

ACS Actividades de Construccion y Servicios SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 69.58% -2.79

2 CHIX 15.34% +2.55

3 BATE 7.18% -0.64

4 AQXE 4.79% +0.52

5 TRQX 3.11% +0.36

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 8.18 +0.27

2 AQXE 9.73 +0.51

3 CHIX 11.59 +0.20

4 BATE 27.34 +2.20

5 TRQX 31.00 +3.50

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 13.73 +0.76

2 CHIX 25.38 +1.23

3 AQXE 26.42 +2.54

4 BATE 68.17 +12.45

5 TRQX 79.82 +4.46

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 73.9 +2.1

2 CHIX 23.3 +1.7

3 AQXE 22.3 -0.3

4 BATE 5.8 -0.7

5 TRQX 2.6 -0.2

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 539.6 -135.7

2 CHIX 165.2 -15.3

3 AQXE 95.7 -22.2

4 BATE 48.2 -6.8

5 TRQX 44.4 -1.1

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 14.88 -2.13

2 AQXE 7.71 -1.25

3 BATE 3.51 -1.06

4 CHIX 3.19 -1.22

5 TRQX 2.58 +0.09

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 92.97 +1.29

2 CHIX 4.03 +0.36

3 AQXE 2.52 -1.36

4 BATE 0.13 -0.27

5 TRQX 0.00 -0.02

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 3: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Acerinox SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 71.92% +2.02

2 CHIX 13.58% -0.03

3 AQXE 6.76% +0.32

4 BATE 5.80% -1.88

5 TRQX 1.93% -0.43

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 8.71 -0.55

2 AQXE 10.09 -0.31

3 CHIX 15.35 -1.39

4 TRQX 48.27 -2.66

5 BATE 64.27 +5.78

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 18.06 -0.31

2 AQXE 24.73 -0.32

3 CHIX 27.43 -0.01

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 40.0 -1.8

2 AQXE 21.6 +0.7

3 CHIX 16.8 -1.8

4 BATE 0.5 -0.3

5 TRQX 0.4 +0.0

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 415.9 -27.8

2 CHIX 162.3 -4.2

3 AQXE 87.9 +3.3

4 BATE 17.0 -0.5

5 TRQX 15.6 +1.1

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 31.25 +2.36

2 AQXE 22.63 +1.61

3 CHIX 5.18 -1.85

4 BATE 1.80 -0.53

5 TRQX 1.52 -0.03

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 85.32 -1.98

2 AQXE 10.59 +3.88

3 CHIX 4.05 -1.83

4 BATE 0.00 -0.02

5 TRQX 0.00 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 4: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Aena SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 64.53% +1.43

2 CHIX 14.39% -0.38

3 TRQX 9.24% +0.53

4 BATE 7.71% -2.06

5 AQXE 4.12% +0.48

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 12.21 -0.10

2 AQXE 13.25 -0.37

3 CHIX 14.43 -0.40

4 TRQX 14.88 -1.30

5 BATE 17.60 +0.32

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 15.60 -0.02

2 CHIX 21.95 +0.29

3 AQXE 23.60 +1.85

4 BATE 31.64 +2.80

5 TRQX 44.35 -2.51

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 60.4 -3.4

2 CHIX 31.3 -1.4

3 AQXE 26.5 -4.1

4 BATE 17.9 -4.3

5 TRQX 14.0 -0.1

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 749.0 -5.1

2 CHIX 220.6 -30.7

3 BATE 141.7 -21.6

4 AQXE 115.2 -45.0

5 TRQX 94.8 +2.6

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 3.71 -1.54

2 AQXE 0.98 -0.52

3 BATE 0.81 +0.03

4 CHIX 0.71 +0.00

5 TRQX 0.58 -0.01

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 66.99 +4.39

2 AQXE 9.32 -1.89

3 CHIX 7.40 +1.18

4 BATE 0.99 -0.28

5 TRQX 0.96 +0.24

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 5: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

ALMIRALL SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 71.40% -0.92

2 CHIX 10.87% +1.08

3 TRQX 7.39% +0.49

4 BATE 5.73% -0.29

5 AQXE 4.61% -0.36

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 10.62 -3.61

2 AQXE 12.31 -3.44

3 CHIX 19.26 -4.27

4 TRQX 46.98 +2.19

5 BATE 58.27 +8.25

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 20.28 -1.13

2 AQXE 35.97 -12.37

3 CHIX 40.18 -2.90

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 24.2 -11.9

2 AQXE 10.2 0.0

3 CHIX 5.8 -1.3

4 BATE 0.4 -0.9

5 TRQX 0.2 -0.2

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 416.3 -24.4

2 CHIX 92.4 +16.0

3 AQXE 76.1 +21.7

4 TRQX 19.2 -3.3

5 BATE 16.5 -3.9

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 15.57 +6.63

2 AQXE 6.28 +1.31

3 CHIX 0.61 -0.27

4 BATE 0.31 -0.76

5 TRQX 0.13 -0.40

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 96.63 -0.98

2 AQXE 2.49 +1.51

3 CHIX 0.77 -0.44

4 TRQX 0.00 0.00

5 BATE 0.00 -0.05

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 6: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Amadeus IT Holding SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 61.56% +2.89

2 CHIX 16.59% -0.88

3 BATE 9.26% -0.77

4 TRQX 7.74% -1.04

5 AQXE 4.85% -0.21

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 5.57 -0.42

2 AQXE 6.47 -0.22

3 CHIX 7.91 -0.49

4 BATE 10.95 -0.31

5 TRQX 16.45 -2.31

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 9.19 -0.31

2 AQXE 11.35 +0.24

3 CHIX 12.14 -0.26

4 BATE 16.01 -0.35

5 TRQX 83.63 -36.72

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 145.4 -1.0

2 CHIX 84.0 -1.8

3 AQXE 73.0 -0.3

4 BATE 53.2 +0.4

5 TRQX 11.6 +1.6

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 914.4 -22.3

2 CHIX 518.7 +7.7

3 BATE 421.8 +0.5

4 AQXE 297.7 +8.0

5 TRQX 64.8 +9.5

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 18.87 -3.88

2 AQXE 13.74 +0.55

3 CHIX 6.37 +0.35

4 TRQX 4.40 +0.12

5 BATE 2.97 -0.46

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 62.70 +1.25

2 AQXE 24.31 +0.14

3 CHIX 11.07 -1.32

4 BATE 1.19 +0.11

5 TRQX 0.12 -0.10

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 7: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Acciona SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 68.30% +2.75

2 CHIX 15.15% -0.97

3 BATE 7.20% -0.68

4 TRQX 5.10% -0.29

5 AQXE 4.25% -0.81

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 11.22 +0.30

2 AQXE 13.08 +1.14

3 CHIX 16.40 -1.46

4 TRQX 32.33 -6.85

5 BATE 37.67 -5.86

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 14.78 -0.90

2 AQXE 33.39 +9.41

3 CHIX 33.72 -2.01

4 TRQX 77.91 -17.84

5 BATE 83.19 +3.85

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 71.4 +17.9

2 AQXE 18.9 -1.4

3 CHIX 15.9 +4.2

4 BATE 2.5 +0.7

5 TRQX 2.5 +1.6

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 804.8 +93.6

2 CHIX 126.0 +8.6

3 AQXE 99.1 -21.6

4 TRQX 38.5 +8.8

5 BATE 36.3 +1.0

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 8.76 -2.78

2 AQXE 2.55 -2.82

3 CHIX 0.67 +0.07

4 TRQX 0.52 +0.44

5 BATE 0.48 +0.07

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 86.64 +5.25

2 AQXE 7.48 -5.48

3 CHIX 2.27 -1.93

4 BATE 0.04 -0.28

5 TRQX 0.04 +0.02

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 8: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Banco Bilbao Vizcaya Argentaria SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 72.01% -1.23

2 CHIX 13.59% -0.05

3 BATE 7.47% +0.27

4 TRQX 4.01% +0.74

5 AQXE 2.91% +0.27

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 6.66 +0.03

2 AQXE 8.47 +0.47

3 CHIX 8.87 -0.82

4 BATE 11.15 -0.33

5 TRQX 18.44 -1.96

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 10.02 +0.10

2 CHIX 14.37 +0.96

3 AQXE 16.59 +2.78

4 BATE 19.62 +1.81

5 TRQX 56.33 -0.42

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 155.4 +4.1

2 CHIX 55.1 -14.9

3 AQXE 36.0 -15.8

4 BATE 32.2 -6.7

5 TRQX 6.5 -1.7

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 1,252.8 -33.9

2 CHIX 380.9 -106.1

3 BATE 271.7 -71.4

4 AQXE 180.8 -55.7

5 TRQX 61.8 +5.4

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 14.35 -4.37

2 AQXE 6.20 -4.04

3 TRQX 3.85 +0.32

4 CHIX 2.96 -0.89

5 BATE 2.82 +0.45

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 82.40 +7.53

2 CHIX 9.16 -0.57

3 AQXE 4.23 -7.92

4 BATE 1.37 +0.54

5 TRQX 0.14 +0.06

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 9: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

BANKIA SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 65.25% -7.16

2 CHIX 17.12% +2.15

3 BATE 9.46% +4.03

4 TRQX 4.22% +0.41

5 AQXE 3.95% +0.57

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 11.68 -1.25

2 AQXE 13.20 -1.59

3 CHIX 16.80 -3.09

4 TRQX 45.35 -6.65

5 BATE 57.80 -1.35

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 20.08 -2.49

2 CHIX 31.76 -3.09

3 AQXE 33.40 -8.59

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 33.3 +5.2

2 AQXE 12.8 +2.4

3 CHIX 12.0 +2.0

4 BATE 0.5 +0.1

5 TRQX 0.3 +0.0

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 385.1 +19.0

2 CHIX 126.6 +11.1

3 AQXE 68.9 +12.7

4 TRQX 21.4 +4.8

5 BATE 15.7 +0.9

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 17.20 -3.41

2 AQXE 9.02 +0.14

3 CHIX 2.10 +0.78

4 BATE 0.94 +0.12

5 TRQX 0.46 +0.01

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 95.08 +0.20

2 CHIX 3.43 -0.69

3 AQXE 1.44 +0.60

4 TRQX 0.00 +0.00

5 BATE 0.00 -0.03

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 10: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Bankinter SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 69.59% +3.12

2 CHIX 15.59% +0.70

3 BATE 6.58% -1.64

4 AQXE 5.28% +0.16

5 TRQX 2.96% -2.34

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 7.09 -0.81

2 AQXE 7.39 -0.91

3 CHIX 10.12 -1.65

4 TRQX 36.16 -2.45

5 BATE 46.80 +0.75

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 13.74 -0.63

2 AQXE 18.05 -2.18

3 CHIX 20.21 -2.24

4 BATE 74.60 -11.84

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 66.3 +2.3

2 AQXE 32.1 +5.1

3 CHIX 31.0 +5.1

4 BATE 1.2 +0.1

5 TRQX 1.0 +0.3

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 536.1 -20.7

2 CHIX 198.7 -1.6

3 AQXE 115.0 +0.2

4 TRQX 32.8 +3.7

5 BATE 30.1 +0.3

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 AQXE 25.25 +1.74

2 XMAD 23.58 -2.99

3 CHIX 6.04 +1.06

4 BATE 2.13 -0.74

5 TRQX 1.36 +0.03

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 79.93 -7.17

2 AQXE 12.64 +5.39

3 CHIX 7.39 +1.84

4 BATE 0.00 -0.05

5 TRQX 0.00 0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 11: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

CaixaBank

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 70.87% -4.91

2 CHIX 13.87% +1.66

3 BATE 8.21% +1.48

4 AQXE 4.01% +0.99

5 TRQX 3.03% +0.78

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 6.65 -1.89

2 AQXE 7.77 -2.08

3 CHIX 9.84 -1.50

4 BATE 12.00 -0.87

5 TRQX 28.54 -0.81

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 12.02 -0.71

2 AQXE 15.89 -4.21

3 CHIX 16.11 -2.09

4 BATE 22.40 -3.74

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 84.7 -13.1

2 CHIX 45.0 +3.7

3 AQXE 39.5 +7.8

4 BATE 24.3 +3.0

5 TRQX 2.4 -0.3

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 704.3 -49.7

2 CHIX 311.6 +24.6

3 BATE 216.7 +38.6

4 AQXE 178.5 +21.6

5 TRQX 39.2 +2.5

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 22.18 +4.29

2 AQXE 11.89 +2.01

3 CHIX 3.50 +0.89

4 BATE 2.39 +0.55

5 TRQX 2.07 -0.65

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 70.57 -11.68

2 AQXE 17.95 +9.46

3 CHIX 10.73 +2.76

4 BATE 0.49 -0.08

5 TRQX 0.00 -0.01

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 12: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

CIE AUTOMOTIVE SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 76.22% -3.02

2 CHIX 13.79% +2.80

3 AQXE 4.72% +0.21

4 BATE 3.91% -0.34

5 TRQX 1.36% +0.35

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 15.71 -0.97

2 AQXE 17.75 -1.41

3 CHIX 26.17 -3.61

4 TRQX 50.82 -6.74

5 BATE 54.83 -2.07

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 26.50 -0.34

2 CHIX 42.96 -2.71

3 AQXE 45.63 -1.33

4 BATE 125.01 -17.30

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 14.4 -6.5

2 AQXE 6.8 -1.2

3 CHIX 3.3 -0.6

4 BATE 0.1 -0.1

5 TRQX 0.1 +0.0

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 342.8 -20.5

2 CHIX 93.7 -0.5

3 AQXE 52.7 +2.4

4 TRQX 18.8 +2.9

5 BATE 18.5 -0.2

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 18.80 +2.85

2 AQXE 6.36 +0.44

3 CHIX 3.31 -0.54

4 BATE 1.51 -0.32

5 TRQX 1.44 +0.42

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 97.29 -0.22

2 CHIX 2.13 +0.34

3 AQXE 0.52 -0.04

4 TRQX 0.00 +0.00

5 BATE 0.00 0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 13: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Cellnex Telecom SAU

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 58.46% -10.07

2 CHIX 16.96% +3.38

3 BATE 9.55% +2.71

4 TRQX 8.76% +1.75

5 AQXE 6.27% +2.23

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 5.86 -0.85

2 AQXE 7.20 -1.15

3 CHIX 7.33 -1.49

4 BATE 10.19 -2.02

5 TRQX 11.80 -8.68

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 8.24 -0.85

2 CHIX 11.34 -1.72

3 AQXE 11.65 -1.76

4 BATE 16.31 -2.37

5 TRQX 33.63 -16.65

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 207.5 +33.7

2 CHIX 87.4 +10.5

3 AQXE 67.3 +11.5

4 BATE 47.0 +7.8

5 TRQX 21.2 +10.0

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 1,551.0 +131.7

2 CHIX 485.9 +18.6

3 BATE 339.7 +9.2

4 AQXE 330.1 +50.9

5 TRQX 101.5 +28.2

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 10.71 -3.02

2 AQXE 4.81 -1.86

3 TRQX 4.25 -0.42

4 BATE 3.64 -0.72

5 CHIX 2.55 -1.49

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 62.09 -4.62

2 AQXE 12.05 +1.82

3 CHIX 11.10 -0.84

4 BATE 1.77 +0.15

5 TRQX 1.14 +0.53

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 14: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

INMOBILIARIA COLONIAL SA INMOBILIARIA COLO

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 65.21% -3.70

2 CHIX 13.82% +1.31

3 BATE 10.43% +2.57

4 AQXE 5.33% -0.32

5 TRQX 5.21% +0.14

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 15.22 +0.47

2 AQXE 16.79 +0.47

3 CHIX 24.58 -2.11

4 BATE 54.21 -2.06

5 TRQX 54.47 -7.68

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 27.09 +0.57

2 AQXE 45.14 +0.70

3 CHIX 45.81 -2.49

4 BATE 85.81 -22.62

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 12.2 -4.5

2 AQXE 7.2 -0.6

3 CHIX 3.6 +0.1

4 BATE 0.5 -0.1

5 TRQX 0.2 +0.1

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 254.3 -17.2

2 CHIX 89.4 +6.2

3 AQXE 65.6 +9.3

4 BATE 23.7 +2.0

5 TRQX 20.3 +6.1

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 17.79 -0.78

2 AQXE 13.11 +1.07

3 CHIX 5.43 +0.40

4 BATE 4.93 +0.64

5 TRQX 3.43 +1.80

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 94.17 -2.16

2 CHIX 2.97 +1.03

3 AQXE 2.61 +1.05

4 BATE 0.07 -0.03

5 TRQX 0.00 0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 15: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Endesa SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 67.09% -13.60

2 CHIX 12.89% +4.36

3 BATE 9.24% +4.39

4 TRQX 6.62% +3.07

5 AQXE 4.15% +1.79

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 7.30 +0.52

2 AQXE 8.35 +0.51

3 CHIX 8.90 +0.50

4 BATE 11.83 -1.17

5 TRQX 14.03 -0.59

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 10.23 +0.37

2 AQXE 14.68 -1.45

3 CHIX 15.62 +0.72

4 BATE 25.39 -1.12

5 TRQX 45.61 +1.75

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 111.2 +0.1

2 CHIX 43.5 -2.6

3 AQXE 42.8 +6.2

4 BATE 21.9 +1.2

5 TRQX 12.1 +0.8

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 1,009.3 -45.9

2 CHIX 297.4 +11.8

3 BATE 201.0 +32.5

4 AQXE 162.3 -9.4

5 TRQX 88.7 +1.0

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 8.36 -1.30

2 AQXE 4.37 -1.48

3 TRQX 3.85 +0.14

4 BATE 2.38 -0.77

5 CHIX 1.91 -0.70

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 74.82 -0.08

2 AQXE 11.45 +3.70

3 CHIX 8.11 -3.17

4 BATE 1.45 +0.09

5 TRQX 0.28 -0.09

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 16: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

GRUPO EMPRES ENCE

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 84.62% +4.47

2 CHIX 6.51% -1.63

3 AQXE 4.63% -0.15

4 BATE 2.69% -2.37

5 TRQX 1.56% -0.32

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 14.89 -0.87

2 AQXE 15.80 -0.93

3 CHIX 28.65 -3.58

4 TRQX 67.49 -2.21

5 BATE 91.19 -5.98

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 26.89 -0.68

2 AQXE 44.61 +8.71

3 CHIX 47.83 -1.91

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 16.4 +1.3

2 AQXE 10.2 +0.4

3 CHIX 3.1 +1.2

4 BATE 0.0 0.0

5 TRQX 0.0 +0.0

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 290.0 -33.0

2 CHIX 77.3 +2.5

3 AQXE 51.5 -7.7

4 TRQX 13.5 +0.0

5 BATE 11.5 +0.0

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 25.98 +2.60

2 AQXE 21.63 +2.33

3 CHIX 3.31 -1.45

4 TRQX 0.93 -0.08

5 BATE 0.52 -0.37

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 97.73 +3.09

2 AQXE 2.03 -2.85

3 CHIX 0.21 -0.23

4 TRQX 0.00 0.00

5 BATE 0.00 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 17: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Enagas SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 74.98% -5.39

2 CHIX 11.78% +2.58

3 BATE 5.86% +1.35

4 TRQX 3.73% +0.74

5 AQXE 3.65% +0.72

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 8.90 +0.47

2 AQXE 9.61 +0.25

3 CHIX 10.88 +0.45

4 BATE 22.57 -1.02

5 TRQX 22.67 -0.68

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 12.95 +0.70

2 CHIX 21.29 +1.77

3 AQXE 22.68 -0.33

4 TRQX 52.86 -13.72

5 BATE 58.96 +1.06

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 98.2 -5.8

2 CHIX 32.5 -3.3

3 AQXE 29.3 +3.5

4 BATE 8.4 -0.9

5 TRQX 5.3 +0.1

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 946.7 -26.6

2 CHIX 191.8 -10.0

3 AQXE 116.2 -3.3

4 BATE 56.6 +2.1

5 TRQX 56.0 +5.6

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 9.47 -1.26

2 AQXE 6.25 -1.24

3 BATE 3.53 -0.01

4 TRQX 3.00 +0.36

5 CHIX 2.01 -0.66

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 86.37 +2.45

2 CHIX 6.42 -3.68

3 AQXE 5.72 +2.67

4 BATE 0.25 -0.25

5 TRQX 0.02 -0.16

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 18: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Ferrovial SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 59.18% -12.17

2 CHIX 14.91% +4.73

3 BATE 11.39% +4.61

4 TRQX 10.73% +2.18

5 AQXE 3.79% +0.65

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 8.31 +0.36

2 AQXE 9.18 +0.05

3 CHIX 9.99 -0.06

4 BATE 11.53 -0.36

5 TRQX 13.82 -0.65

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 11.51 +0.11

2 AQXE 14.34 -0.17

3 CHIX 14.60 -0.42

4 BATE 19.54 -1.25

5 TRQX 39.53 -0.18

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 107.6 +3.5

2 CHIX 58.8 +4.9

3 AQXE 50.9 +2.5

4 BATE 35.9 +6.0

5 TRQX 15.9 +1.2

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 891.2 -32.0

2 CHIX 346.2 -8.7

3 BATE 234.8 +3.0

4 AQXE 213.1 -13.4

5 TRQX 80.4 -1.2

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 7.00 -2.96

2 TRQX 4.10 -1.38

3 AQXE 3.81 -1.08

4 BATE 2.02 -0.46

5 CHIX 1.85 +0.12

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 56.60 -5.05

2 AQXE 16.13 +0.39

3 CHIX 13.66 +1.42

4 BATE 3.22 +1.46

5 TRQX 1.05 +0.05

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 19: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

GRIFOLS CLASE A

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 58.44% -3.85

2 CHIX 19.10% +2.74

3 BATE 8.64% +0.01

4 TRQX 7.01% +0.81

5 AQXE 6.81% +0.29

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 6.76 -0.05

2 AQXE 8.06 +0.11

3 CHIX 8.56 -0.60

4 BATE 11.76 -0.32

5 TRQX 19.61 -3.86

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 11.36 -0.21

2 CHIX 15.70 -0.09

3 AQXE 18.75 +2.32

4 BATE 26.38 +1.68

5 TRQX 62.63 -18.04

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 82.2 -12.1

2 CHIX 43.0 -5.4

3 AQXE 29.3 -6.8

4 BATE 18.3 -4.7

5 TRQX 5.8 +0.5

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 723.8 -5.6

2 CHIX 263.7 -25.0

3 BATE 162.2 -27.8

4 AQXE 152.2 -14.3

5 TRQX 50.5 +1.4

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 10.56 -1.94

2 AQXE 5.86 -2.41

3 TRQX 3.79 +0.58

4 CHIX 2.73 -1.37

5 BATE 2.59 -0.02

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 73.36 +3.07

2 CHIX 18.45 +0.45

3 AQXE 5.83 -3.77

4 BATE 0.41 -0.41

5 TRQX 0.09 -0.07

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 20: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

International Consolidated Airlines Group SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 82.66% -0.17

2 CHIX 7.31% -0.10

3 BATE 5.43% +0.18

4 AQXE 3.42% +0.54

5 TRQX 1.18% -0.45

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 11.49 -0.06

2 AQXE 14.17 +1.20

3 CHIX 19.72 +0.55

4 BATE 24.41 +1.05

5 TRQX 38.09 +6.67

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 20.21 +0.57

2 CHIX 31.84 +1.92

3 BATE 38.79 +1.64

4 TRQX 49.09 -2.75

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 37.3 +0.1

2 AQXE 11.9 -1.0

3 CHIX 8.1 -1.1

4 BATE 2.6 -0.1

5 TRQX 1.1 -0.4

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 516.9 -92.0

2 CHIX 186.7 -8.3

3 BATE 131.6 -0.6

4 TRQX 100.1 -12.7

5 AQXE 58.3 -10.1

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 25.28 +0.16

2 AQXE 14.65 +1.19

3 BATE 3.63 +0.23

4 CHIX 3.54 +0.37

5 TRQX 0.68 -0.66

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 92.77 +1.32

2 CHIX 5.22 -0.45

3 AQXE 0.88 -0.91

4 BATE 0.73 -0.03

5 TRQX 0.35 +0.09

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 21: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Iberdrola SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 63.73% -2.16

2 CHIX 16.19% +1.33

3 TRQX 8.80% +1.56

4 BATE 7.48% -0.80

5 AQXE 3.80% +0.06

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 5.61 -0.19

2 CHIX 5.81 -0.30

3 TRQX 6.20 -0.83

4 AQXE 6.26 -0.28

5 BATE 6.91 -0.09

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 6.16 -0.36

2 CHIX 7.04 -0.57

3 AQXE 7.32 -0.57

4 BATE 10.66 -0.07

5 TRQX 11.55 -4.59

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 453.2 +16.2

2 CHIX 185.0 +8.1

3 AQXE 135.2 +4.7

4 BATE 96.4 +0.3

5 TRQX 71.5 +17.1

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 2,825.7 +38.8

2 CHIX 937.6 +1.6

3 AQXE 552.3 -18.6

4 BATE 534.8 +18.5

5 TRQX 293.8 +69.4

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 1.88 -1.50

2 AQXE 0.52 -0.26

3 BATE 0.50 -0.03

4 CHIX 0.49 -0.20

5 TRQX 0.41 -0.01

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 20.55 -0.93

2 CHIX 4.81 -0.18

3 AQXE 4.22 -1.07

4 TRQX 0.89 +0.25

5 BATE 0.39 -0.45

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 22: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Indra Sistemas SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 74.64% -4.98

2 CHIX 10.45% +2.90

3 BATE 6.84% +2.02

4 AQXE 5.39% +0.22

5 TRQX 2.68% -0.16

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 13.79 +0.29

2 AQXE 15.15 +0.23

3 CHIX 23.86 -2.08

4 TRQX 45.04 -11.02

5 BATE 46.39 -6.78

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 21.90 +0.33

2 AQXE 46.64 +3.25

3 CHIX 46.87 -3.59

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 26.9 +1.4

2 AQXE 9.9 +0.4

3 CHIX 4.5 +2.2

4 BATE 0.4 +0.1

5 TRQX 0.3 +0.3

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 372.9 -58.6

2 CHIX 76.5 +3.5

3 AQXE 57.6 -4.2

4 BATE 20.4 -1.7

5 TRQX 19.9 +3.3

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 15.74 -1.89

2 AQXE 9.28 -0.28

3 CHIX 4.99 -2.04

4 BATE 3.03 -0.43

5 TRQX 2.68 +0.77

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 98.01 -0.36

2 AQXE 1.02 -0.07

3 CHIX 0.89 +0.50

4 BATE 0.01 -0.05

5 TRQX 0.00 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 23: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

INDITEX

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 62.08% +1.14

2 CHIX 16.82% +1.27

3 BATE 8.02% -1.59

4 TRQX 7.82% -0.64

5 AQXE 5.26% -0.18

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 6.36 +0.01

2 AQXE 7.02 +0.32

3 CHIX 7.03 -0.24

4 TRQX 8.36 -2.96

5 BATE 8.52 +0.07

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 7.63 -0.03

2 AQXE 8.60 +0.24

3 CHIX 9.39 -0.35

4 BATE 13.34 +0.60

5 TRQX 32.06 -6.59

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 263.7 +3.3

2 CHIX 114.6 +4.9

3 AQXE 106.4 -3.1

4 BATE 64.5 -6.7

5 TRQX 30.2 +7.5

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 2,006.7 +65.0

2 CHIX 665.1 -15.3

3 AQXE 505.7 -52.3

4 BATE 441.8 -31.5

5 TRQX 155.9 +36.3

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 5.48 -1.34

2 BATE 2.52 +0.85

3 AQXE 2.47 -2.31

4 CHIX 1.44 +0.14

5 TRQX 1.17 -2.31

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 33.96 +1.18

2 AQXE 11.16 -3.90

3 CHIX 5.50 +1.63

4 BATE 0.74 -0.05

5 TRQX 0.48 +0.13

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 24: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Mapfre SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 74.15% -1.44

2 CHIX 9.87% +1.41

3 BATE 8.24% +0.73

4 AQXE 4.82% -0.21

5 TRQX 2.93% -0.50

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 9.77 -0.73

2 AQXE 11.95 -0.18

3 CHIX 17.24 +0.12

4 TRQX 39.13 +1.35

5 BATE 41.47 +4.83

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 19.08 -0.72

2 AQXE 39.28 +3.25

3 CHIX 39.98 -0.64

4 BATE 99.69 +9.91

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 41.1 +3.9

2 AQXE 12.2 +0.0

3 CHIX 7.4 +0.3

4 BATE 1.4 -0.4

5 TRQX 0.7 -0.2

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 437.2 +12.2

2 CHIX 97.3 +0.8

3 AQXE 67.1 -6.1

4 BATE 27.7 -2.5

5 TRQX 25.5 +0.4

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 17.24 +0.10

2 AQXE 6.47 -1.44

3 BATE 2.61 +0.16

4 TRQX 2.59 -0.22

5 CHIX 2.48 -0.32

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 99.08 +0.77

2 AQXE 0.55 -0.38

3 CHIX 0.32 -0.25

4 BATE 0.01 -0.10

5 TRQX 0.00 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 25: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

MASMOVIL IBERCOM SA MASMOVIL IBERCOM OR

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 83.08% -0.26

2 BATE 6.75% +0.75

3 CHIX 6.62% +0.36

4 AQXE 1.83% -0.21

5 TRQX 1.71% -0.64

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 9.67 -1.11

2 AQXE 10.20 -1.85

3 CHIX 11.36 -2.02

4 BATE 12.80 -3.22

5 TRQX 18.32 -6.16

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 9.84 -1.54

2 CHIX 17.05 -5.60

3 AQXE 17.85 -5.26

4 BATE 21.21 -6.68

5 TRQX 22.24 -19.69

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 5,476.0 +4,586.9

2 BATE 199.8 +145.3

3 CHIX 181.7 +124.4

4 TRQX 60.3 +35.4

5 AQXE 42.9 +5.8

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 17,261.0 +10,069.6

2 CHIX 523.1 +191.3

3 BATE 499.5 +228.5

4 AQXE 224.4 +57.9

5 TRQX 183.8 +38.6

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 TRQX 8.27 +6.91

2 XMAD 1.83 -3.73

3 BATE 1.66 -0.15

4 AQXE 0.86 -0.13

5 CHIX 0.43 -0.39

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 33.75 -22.56

2 AQXE 0.96 -0.23

3 BATE 0.29 -0.49

4 CHIX 0.19 -0.65

5 TRQX 0.10 -0.15

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 26: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

MELIA HOTELS INTERNATIONAL SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 82.85% -2.48

2 AQXE 6.40% +1.33

3 CHIX 6.09% +0.69

4 BATE 3.38% +0.52

5 TRQX 1.28% -0.06

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 15.71 -1.29

2 AQXE 18.80 +0.51

3 CHIX 38.28 -5.14

4 TRQX 61.41 -7.10

5 BATE 66.62 -16.16

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 31.12 -0.18

2 AQXE 56.46 +3.35

3 CHIX 59.61 -3.40

4 BATE 155.49 n/a

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 10.6 +0.5

2 AQXE 5.9 0.0

3 CHIX 0.4 +0.0

4 BATE 0.0 +0.0

5 TRQX 0.0 +0.0

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 228.1 -15.9

2 CHIX 69.7 +11.1

3 AQXE 45.7 +1.1

4 BATE 16.5 +4.0

5 TRQX 14.0 +0.4

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 30.31 +7.40

2 AQXE 19.66 -5.19

3 CHIX 3.35 -0.69

4 TRQX 1.34 +0.64

5 BATE 1.08 -0.15

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 97.53 -0.54

2 AQXE 2.04 +0.46

3 CHIX 0.27 +0.11

4 BATE 0.02 +0.02

5 TRQX 0.00 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 27: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Merlin Properties Socimi SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 69.62% -3.37

2 CHIX 15.87% +2.33

3 BATE 7.56% +1.11

4 AQXE 4.12% +0.29

5 TRQX 2.83% -0.37

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 12.71 +0.01

2 AQXE 14.73 +0.46

3 CHIX 17.45 -1.45

4 BATE 41.85 -3.10

5 TRQX 43.42 -3.15

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 19.42 -0.87

2 CHIX 34.03 -0.95

3 AQXE 36.15 -1.52

4 BATE 86.75 -4.50

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 40.1 +11.6

2 AQXE 12.7 +1.7

3 CHIX 12.6 +2.9

4 BATE 1.8 +0.7

5 TRQX 0.7 +0.2

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 341.6 +16.8

2 CHIX 126.9 +4.5

3 AQXE 77.3 +1.7

4 BATE 33.2 +2.2

5 TRQX 26.9 +2.0

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 13.99 -1.77

2 AQXE 8.84 -0.04

3 BATE 4.65 -0.52

4 CHIX 3.59 -0.47

5 TRQX 3.42 +0.21

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 93.62 -1.13

2 CHIX 3.79 +0.54

3 AQXE 1.69 +0.09

4 BATE 0.08 -0.07

5 TRQX 0.02 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 28: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

ARCELORMITTAL SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 ENXT 69.30% +4.11

2 CHIX 14.34% -0.75

3 XMAD 7.10% -1.36

4 BATE 3.59% -0.36

5 AQXE 3.23% -0.52

6 TRQX 2.45% -1.11

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 ENXT 4.41 -0.47

2 AQXE 4.47 -0.36

3 CHIX 5.58 -0.81

4 XMAD 9.38 -0.16

5 TRQX 14.02 -1.59

6 BATE 14.23 -1.58

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 ENXT 6.81 -0.65

2 CHIX 12.51 +0.12

3 XMAD 13.74 -0.83

4 AQXE 17.87 +1.72

5 TRQX 25.53 -2.06

6 BATE 27.88 -2.48

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 ENXT 284.2 +35.4

2 XMAD 89.8 +11.7

3 CHIX 64.3 -5.2

4 AQXE 41.3 -4.2

5 TRQX 16.3 +1.5

6 BATE 16.0 +2.4

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 ENXT 1,562.0 +154.4

2 XMAD 732.7 +87.8

3 CHIX 322.4 +7.4

4 TRQX 225.3 +9.5

5 BATE 183.1 +20.6

6 AQXE 129.2 +6.1

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 AQXE 9.68 -2.40

2 ENXT 6.58 -1.57

3 CHIX 2.78 -0.61

4 BATE 1.06 +0.19

5 TRQX 0.44 +0.00

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 ENXT 90.62 +3.79

2 CHIX 4.85 -1.09

3 AQXE 4.41 -2.68

4 BATE 0.02 +0.01

5 TRQX 0.01 -0.02

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 29: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Naturgy Energy Group SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 75.95% +2.69

2 CHIX 8.52% -1.82

3 BATE 5.39% -1.41

4 AQXE 5.29% +1.03

5 TRQX 4.85% -0.49

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 6.32 -0.07

2 AQXE 7.88 +0.15

3 CHIX 10.02 +0.04

4 TRQX 26.11 -0.97

5 BATE 37.44 +2.06

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 12.11 +0.57

2 AQXE 17.08 -0.16

3 CHIX 19.04 +0.24

4 BATE 73.00 +6.91

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 79.4 -5.5

2 AQXE 35.9 +1.4

3 CHIX 32.5 -0.2

4 BATE 3.8 -0.7

5 TRQX 3.1 +0.1

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 583.1 -34.0

2 CHIX 228.8 +0.4

3 AQXE 147.2 +13.7

4 BATE 41.6 +3.3

5 TRQX 41.4 +4.5

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 21.76 -1.81

2 AQXE 10.79 +2.71

3 CHIX 3.30 -0.71

4 TRQX 2.74 +0.94

5 BATE 2.52 -0.73

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 78.70 -2.53

2 AQXE 14.54 +2.85

3 CHIX 6.36 -0.24

4 BATE 0.24 +0.11

5 TRQX 0.03 -0.02

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 30: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

RED ELECTRICA CORPORACION SA RED ELECTRIC

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 60.92% -20.08

2 CHIX 20.74% +10.16

3 BATE 9.44% +5.64

4 AQXE 4.64% +2.23

5 TRQX 4.27% +2.05

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 6.13 +0.02

2 AQXE 6.75 -0.02

3 CHIX 7.23 +0.05

4 TRQX 23.81 +1.20

5 BATE 26.14 +0.74

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 10.83 +0.46

2 CHIX 13.30 +1.02

3 AQXE 15.30 +0.49

4 TRQX 56.19 -8.92

5 BATE 59.79 -0.20

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 101.4 -4.0

2 CHIX 56.0 -6.4

3 AQXE 43.0 +1.9

4 BATE 6.8 -1.3

5 TRQX 5.9 -0.8

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 832.1 -16.5

2 CHIX 289.0 -20.7

3 AQXE 171.1 -14.1

4 TRQX 51.6 +3.2

5 BATE 46.0 +0.7

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 10.69 -1.14

2 AQXE 9.42 +0.78

3 CHIX 3.75 +0.30

4 BATE 2.98 +0.07

5 TRQX 2.00 -0.12

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 58.58 -0.08

2 CHIX 26.86 -2.98

3 AQXE 13.55 +3.68

4 TRQX 0.08 -0.06

5 BATE 0.08 -0.17

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 31: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Repsol YPF SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 82.62% +7.57

2 CHIX 8.15% -4.04

3 BATE 4.00% -1.88

4 AQXE 3.02% -0.74

5 TRQX 2.21% -0.90

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 5.90 +0.46

2 AQXE 6.71 +0.51

3 CHIX 8.21 +0.64

4 BATE 9.90 +0.63

5 TRQX 27.54 +3.46

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 10.23 +0.96

2 CHIX 14.19 +1.63

3 AQXE 14.81 +1.88

4 BATE 20.49 +2.02

5 TRQX 78.25 +6.99

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 106.1 -26.3

2 CHIX 50.0 -13.9

3 AQXE 40.4 -8.6

4 BATE 25.8 -7.1

5 TRQX 2.8 -2.1

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 888.9 -173.2

2 CHIX 354.1 -19.1

3 BATE 228.3 -37.4

4 AQXE 177.6 -37.1

5 TRQX 47.0 +0.2

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 21.41 +1.37

2 AQXE 11.96 +0.39

3 CHIX 3.94 -0.07

4 BATE 3.34 +0.86

5 TRQX 3.16 +0.36

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 76.62 +5.24

2 AQXE 11.36 -2.96

3 CHIX 11.12 -2.19

4 BATE 0.72 +0.14

5 TRQX 0.01 -0.02

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 32: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Banco de Sabadell SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 82.68% -1.61

2 CHIX 7.37% +0.70

3 AQXE 4.58% +1.09

4 BATE 3.82% -0.14

5 TRQX 1.55% -0.04

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 10.58 -0.66

2 AQXE 12.02 -0.78

3 CHIX 19.92 -2.10

4 TRQX 50.96 -2.02

5 BATE 63.93 -0.46

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 19.32 -0.86

2 CHIX 37.02 -2.45

3 BATE 132.36 +1.53

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 37.4 +1.4

2 AQXE 15.4 +2.3

3 CHIX 7.2 +1.2

4 BATE 0.3 0.0

5 TRQX 0.2 +0.1

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 419.7 -6.7

2 CHIX 128.6 +12.8

3 AQXE 74.3 +7.9

4 TRQX 22.2 +2.1

5 BATE 18.2 +0.8

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 22.95 +2.70

2 AQXE 17.17 +0.30

3 CHIX 1.02 +0.13

4 BATE 0.42 -0.40

5 TRQX 0.07 0.00

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 93.09 -3.56

2 AQXE 5.95 +3.48

3 CHIX 0.86 +0.09

4 BATE 0.02 +0.01

5 TRQX 0.00 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 33: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Banco Santander SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 76.08% -0.10

2 CHIX 12.61% +0.53

3 BATE 5.41% -0.63

4 AQXE 3.80% +0.95

5 TRQX 2.11% -0.75

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 4.94 -0.53

2 AQXE 5.94 -0.17

3 CHIX 7.94 -0.50

4 BATE 10.61 +0.19

5 TRQX 24.79 +1.96

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 7.67 -0.31

2 AQXE 9.26 -0.20

3 CHIX 10.85 -0.73

4 BATE 14.96 -0.45

5 TRQX 54.69 -0.52

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 298.8 +43.7

2 CHIX 141.5 +41.4

3 AQXE 140.9 +28.4

4 BATE 76.7 +19.9

5 TRQX 7.4 -1.9

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 1,009.9 -826.9

2 CHIX 547.1 -69.7

3 AQXE 427.1 -64.1

4 BATE 400.4 -37.6

5 TRQX 76.9 +7.3

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 27.50 +3.28

2 AQXE 21.61 +9.09

3 CHIX 5.62 +0.80

4 BATE 1.85 -0.76

5 TRQX 1.29 -0.55

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 59.55 -0.12

2 AQXE 34.64 +3.24

3 CHIX 5.09 +0.05

4 BATE 0.22 -0.31

5 TRQX 0.01 -0.03

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 34: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Gamesa Corp Tecnologica SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 63.44% -4.98

2 CHIX 15.20% +2.97

3 BATE 8.78% +1.77

4 TRQX 7.05% +1.39

5 AQXE 5.53% -1.16

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 8.81 +1.35

2 AQXE 10.26 +1.71

3 CHIX 12.21 -0.06

4 TRQX 26.38 -6.08

5 BATE 31.15 -9.33

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 12.56 +0.18

2 AQXE 19.48 +1.60

3 CHIX 24.46 -0.52

4 BATE 67.20 -4.40

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 94.0 +3.4

2 AQXE 32.0 -3.9

3 CHIX 25.0 +3.0

4 BATE 6.3 +2.1

5 TRQX 3.8 +1.5

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 898.9 +57.9

2 CHIX 191.9 -11.5

3 AQXE 158.3 +32.0

4 BATE 47.6 +9.4

5 TRQX 41.7 +7.6

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 12.26 -7.69

2 AQXE 7.47 -5.96

3 CHIX 3.81 -1.06

4 BATE 3.45 +0.80

5 TRQX 3.26 +1.75

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 82.39 +0.69

2 AQXE 10.08 -4.25

3 CHIX 4.85 +1.65

4 BATE 0.50 +0.26

5 TRQX 0.09 +0.05

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 35: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

Telefonica SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 73.80% -1.78

2 CHIX 11.33% +0.00

3 BATE 8.18% +1.54

4 TRQX 3.65% +0.08

5 AQXE 3.04% +0.16

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 5.19 +0.08

2 AQXE 6.39 +0.25

3 CHIX 7.45 -0.15

4 BATE 9.47 -0.41

5 TRQX 18.06 -1.72

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 8.34 +0.07

2 CHIX 12.08 +0.49

3 AQXE 12.80 +0.92

4 BATE 15.85 +0.29

5 TRQX 55.22 -1.92

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 194.6 -7.8

2 CHIX 85.9 -1.0

3 AQXE 57.5 -10.3

4 BATE 56.0 +2.9

5 TRQX 15.6 +6.8

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 1,358.2 -99.1

2 CHIX 521.9 -41.4

3 BATE 413.9 -16.5

4 AQXE 265.0 -34.5

5 TRQX 83.9 +14.4

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 XMAD 17.33 -2.72

2 AQXE 8.39 -2.66

3 CHIX 4.19 -1.28

4 TRQX 4.15 -1.07

5 BATE 3.30 +0.48

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 77.98 +4.30

2 CHIX 9.32 -0.46

3 AQXE 8.45 -5.46

4 BATE 2.22 +0.78

5 TRQX 0.08 +0.03

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.

Page 36: Mar ke t S h ar e S p r e ad s Book D e p th s Bes t Pr ic es...Li q ui d Met ri x Battl emap for E S- 35 C urrent Peri od C omp ari s on Peri od 01-Aug-2020 to 31-Aug-2020 01-J ul-2020

LiquidMetrix Battlemap for

VISCOFAN SA

Current Period

Comparison Period

01-Aug-2020 to 31-Aug-2020

01-Jul-2020 to 31-Jul-2020

Market Share

Rank Venue Market

Share

Change

1 XMAD 69.20% -3.77

2 CHIX 11.90% +0.96

3 AQXE 9.34% +2.09

4 BATE 5.90% +0.53

5 TRQX 3.66% +0.20

Volume Trend

_________________

Market Share Trend

SpreadsAt touch

Rank Venue Spread

(bps)

Change

1 XMAD 14.24 -0.47

2 AQXE 14.72 -0.71

3 CHIX 18.41 -2.40

4 BATE 36.54 -0.31

5 TRQX 38.02 -0.21

Monthly Spread Trend

_________________

25k EUR deal

Rank Venue Spread

(bps)

Change

1 XMAD 20.12 -0.81

2 AQXE 35.53 -5.84

3 CHIX 40.67 -0.28

4 TRQX 79.63 -4.86

5 BATE 97.96 +3.88

Monthly Spread Trend

Book Depths10BPS Depth (top of book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 37.3 -5.5

2 AQXE 15.4 +1.8

3 CHIX 10.4 +0.9

4 BATE 1.7 +0.1

5 TRQX 0.7 +0.0

Monthly Depth Trend

_________________

50BPS Depth (deeper into book)

Rank Venue Depth (1K

EUR)

Change

1 XMAD 724.4 +40.8

2 CHIX 103.3 +9.5

3 AQXE 74.7 +9.2

4 BATE 31.4 -1.2

5 TRQX 29.5 -1.1

Monthly Depth Trend

Best PricesAt touch

Rank Venue Best Price

(%)

Change

1 AQXE 7.47 +0.67

2 XMAD 7.22 -1.57

3 BATE 4.20 +0.56

4 TRQX 4.01 +2.45

5 CHIX 3.48 +0.80

Best Prices Trend

_________________

25k EUR deal

Rank Venue Best Price

(%)

Change

1 XMAD 91.52 -2.99

2 AQXE 4.84 +2.81

3 CHIX 2.48 -0.38

4 BATE 0.02 -0.01

5 TRQX 0.01 +0.00

Best Prices Trend

Market share is based on on-book

value traded during continuous

trading. The share is calculated by

averaging over all stocks in the

index. The current value shown is for

last week and the change is relative

to the previous week.

Spreads measure the bid to offer

spread of the best visible orders in

the book. The result is averaged

over the stocks in the index and is

based on measurements of the order

books every 30 seconds. The value

for the spread is quoted in basis

points (0.01%).

Market depth measures the amount

of visible liquidity (bids and offers) in

the order book within 10 or 50 BPS

of mid price. The result is averaged

over the stocks in the index and is

based on measurements of the order

book every 30 seconds. This is

quoted in '000s of EUR.

Best Price % measures how often

each venue posts an absolute best

price (no ties) for stocks. The result

is averaged over the stocks in the

index and is based on measurements

of the order book every 5 seconds.