October proved to be another strong month for the Tradeweb European ETF marketplace, as total traded volume surpassed €13.7 billion, beating September by more than half a billion euros….
Adriano Pace, managing director for equity derivatives at Tradeweb
Adriano Pace, managing director for equity derivatives at Tradeweb, said: “Despite ETFs not being subject to the new trading obligation under MiFID II, market participants still need to prepare for the advent of pre-and post-trade transparency requirements for transactions executed both on venue and OTC. By trading on a regulated platform such as Tradeweb’s MTF, clients can rest assured that all reporting requirements will be taken care of. And if they opt to trade off venue, Tradeweb’s FCA-authorised APA stands ready to offer full-scale comprehensive reporting services.”
ETF volume breakdown
All ETF asset classes saw net buying in October. ‘Buys’ in equity and bond-based products outstripped ‘sells’ by four and three percentage points respectively, as a proportion of the entire platform flow. Overall fixed income ETF activity amounted to 35% of the total notional volume, beating the previous 12-month rolling average by three percentage points. Europe and North America Equities were the most actively traded categories, followed closely by Corporate Bonds.
Top ten ETFs by traded volume
Equity-based instruments dominated October’s most heavily traded ETF list, with the db x-trackers MSCI World Index UCITS ETF 1C ranked first. This is the sixth month the fund has featured among the top ten ETFs this year.
DataPoints Market Insight from Tradeweb
Data derived from trading activity on the Tradeweb European-listed ETF platform.