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Stats › Marchés mondiaux et places boursières › European close

The European closing auction went from 3% of blue chip volume to over half in twenty years

MesureFigureBase, and this is where the confusion starts
MIB30, 20033.96%Share of daily volume. Up from 2.80% the year before, significant at 1%.
CAC 40, June 2019About 41%Share of CAC 40 volumes on Euronext Paris, one venue
FTSE 100, 2019Nearing 30%Share of trading volume, almost doubled since 2014
CAC 40, 202553%Share of turnover on the regulated market, up from 36% in 2018
CAC 40, 2025, all venuesAbout one thirdShare of total CAC 40 turnover across all execution venues
EU-wide, 202519.3%Closing auctions and trade-at-close as a share of all EEA turnover, up from 18% in 2022
STOXX 600, 2021 to 2022About 84%Share of closing-mechanism volume, not of the trading day. A different quantity entirely.

Published closing auction shares for European equities. Every figure is correct and almost none is comparable to any other, because the denominators differ. The 84% figure in particular is a share of volume traded at the close by any mechanism, not a share of the day.

The closing auction was about 3% of daily volume on European blue chips in 2002. By 2025 it was 53% of CAC 40 turnover on the regulated market. No European price impact or reversal estimate with a published significance test was located.

3.96%Closing auction share of MIB30 daily volume, 2003
53%Closing auction share of CAC 40 turnover on the regulated market, 2025
19.3%EU-wide closing auction and trade-at-close share of turnover, 2025
None locatedPublished European price impact estimates with a significance test

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