Tradeweb’s European ETF marketplace reports strong trading in Q2

Jul 11th, 2017 | By | Category: ETF and Index News

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Trading activity on the Tradeweb European-listed ETF marketplace amounted to €12.15 billion in June, significantly lower than the record €17.74bn recorded the month before. June marked the end of the platform’s second strongest quarter on record however, with total activity amounting to €43.65bn over the course of the last three months.

Tradeweb’s European ETF marketplace reports strong trading in Q2

Tradeweb’s European ETF marketplace recorded €43.65 billion in notional volume trading activity during Q2 2017.

“Against a backdrop of improving macroeconomic data and increasing speculation of monetary stimulus recalibration in Europe, notional volume executed on the Tradeweb European-listed ETF marketplace reached €12.15 billion in June,” said Adriano Pace, managing director for equity derivatives at Tradeweb.

Equity ETFs saw net selling for the third consecutive month this year, as ‘sells’ outstripped ‘buys’ by three percentage points. Activity in the products decreased to 63% of the overall notional volume but still outperformed the 12-month rolling average by three percentage points. Europe and North America equities were the two most active categories during the month, capturing 31.5% of the entire platform flow.

Source: Tradeweb.

In contrast, ‘buys’ in fixed income and commodity ETFs surpassed ‘sells’ by five and two percentage points respectively, as a proportion of the overall traded volume. Activity in fixed income ETFs represented 29% of the overall notional volume, four percentage points lower than the 12-month rolling average; and activity in commodity ETFs accounted for 8% of the overall notional volume, one percentage point above the rolling average.

The PIMCO Euro Short Maturity Source UCITS ETF (PJS1), which invests primarily in an actively managed diversified portfolio of euro-denominated fixed income securities, was the most heavily traded product in June as well as Q2 2017. The fund has AUM of €2.3 billion and a TER of 0.35%.

Source: Tradeweb.

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