The TRADE 57 | Page 81

[ D ATA ] LIQUIDMETRIX VOLATILITY INDICATOR The LiquidMetrix Volatility Indicator provides a measure of high-frequency market volatility based upon 30 second price movements. Based on fragmented European stocks Volatility (BPS/ 30sec) Q2 2018 1.17 Q3 2018 1.08 Change -0.9 2.8 2.6 2.4 2.2 2 1.8 1.6 1.4 1.2 1 pr 01 -1 7 - Ju 01 0.8 High frequency price volatility, which is often a signif- icant determinant for spreads and resting liquidity, reduced slightly in Q3 reversing the trend in the previous two quarters. LiquidMetrix analyses consolidated performance figures for stocks on major European indices and the changes from the previous quarter. The charts and figures above are based upon LiquidMetrix’s unique benchmarking methodology that provides accu- rate measurements of trends in market movements. Trading Volumes on lit markets including auctions are taken into account, as well as dark trading on the major MTFs. Issue 57 // TheTradeNews.com // 81