OTC markets in Europe

When the Markets of Financial Instruments Directive (MiFID) came into force in 2007,  there was a concern that a rising proportion of European equity trading would move  to over-the-counter (OTC) markets. More than two years later, this does not seem to have materialised.

In 2009, the European market share of OTC equities trading amounted  to 37.4%, down from 38.2% in 2008, with Germany displaying the highest share in 2009  at 44.2% and the Central and Eastern European (CEE) countries the lowest one at 15.8% .

Source: CESR 2009 Report