Tradeweb ETF Update – Trading activity on the Tradeweb European ETF marketplace reached EUR 58.3 billion in September, the highest figure so far this year.
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Adam Gould, head of equities at Tradeweb
EUROPEAN-LISTED ETFs
Total traded volume
The percentage of transactions processed via Tradeweb’s Automated Intelligent Execution (AiEX) tool amounted to a platform record of 89.0%, while the proportion of AiEX volume was 21.9%.
Adam Gould, Global Head of Equities at Tradeweb, said: “Our European ETF platform had another strong quarter, with total traded volume amounting to EUR 163.3 billion, an increase of 28.2% compared to the same period last year. Meanwhile, September’s trading activity rose by 32.5% year-over-year, while automated transactions were at an all-time high during the month.”
Volume breakdown
Fixed income- and equity-based ETFs saw net buying in September, while ‘sells’ exceeded ‘buys’ by 16 percentage points in commodity ETFs. Trading activity in fixed income ETFs increased to 31% from 28% the month prior, while equity- and commodity-based ETFs decreased to 65% and 4% from 66% and 6%, respectively, in August. North America Equities was once again the most heavily-traded ETF category, with nearly EUR 16 billion traded over the month.
Top ten by traded notional volume
Equity-based products dominated September’s top ten ETF list. The iShares $ Corporate Bond UCITS ETF and Xtrackers MSCI World ESG UCITS ETF, which were August’s first and second ranked products, respectively, swapped spots in September, while the Xtrackers MSCI AC World ESG Screened UCITS ETF remained in third place.
U.S.-LISTED ETFs
Total traded volume
Total consolidated U.S. ETF notional value traded in September reached USD 59.3 billion.
Adam Gould, Global Head of Equities at Tradeweb, said: “Trading activity in U.S.-listed ETFs on Tradeweb increased by 22.3% compared to last September, driven by a wide range of clients using an expanded set of trading functionalities across the platform. Last quarter, we saw total traded volume in the U.S. amount to USD 178.3 billion, up 18.5% year-over-year.”
Volume breakdown
As a percentage of total notional value, equities accounted for 54% and fixed income for 42%, with the remainder comprising commodity and specialty ETFs.
Top ten by traded notional volume
Seven of the ten most actively-traded ETFs in September were fixed income-based, with the iShares Broad USD High Yield Corporate Bond ETF moving up two places from August to be ranked first this month.
The data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.
Source : ETFWorld.co.uk
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