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Tradeweb Europe hits record volume levels


Tradeweb’s European-listed ETF platform reports that total ETF trading volume in the fourth quarter reached record breaking levels, as activity significantly increased following Donald Trump’s election victory in the US.

Total traded volume reached EUR38 billion, beating previous record-holder Q2 2016 by nearly EUR5 billion. Tradeweb reports that December was also the second strongest month ever for the platform, with notional volume exceeding EUR14.2 billion, only 6 per cent shy of November’s top performance.
Adriano Pace, (pictured) managing director for equity derivatives at Tradeweb, says: “All platform metrics remained strong throughout the month, with new records achieved both in terms of the number of active clients and the number of completed trades. December also saw the arrival of our 27th liquidity provider on the platform, while there are now 15 dealers posting axes.”

In December, activity in equity-based ETFs surged to 67 per cent of the entire platform flow, compared with a 12-month rolling average of 61 per cent. ‘Buys’ in the asset class rose to 39 per cent as a proportion of the overall traded volume, surpassing ‘sells’ by 11 percentage points. Emerging Markets was the only equities category to see net selling during the month.

Monthly ‘sells’ in fixed income ETFs narrowly beat ‘buys’ at 14 per cent and 13 per cent respectively. More than EUR2.3 billion in notional was executed in government bond and corporate bond funds, amounting for 60 per cent of the overall fixed income ETF volume. Meanwhile, activity in commodity-based ETFs dropped to 6 per cent, mirroring the previous 12-month rolling average.

December’s most heavily-traded instrument was the db x-trackers MSCI World Index UCITS ETF, a fund offering exposure to global equities. In second place, the iShares Core S&P 500 UCITS ETF was also the most heavily-traded product in Q4 2016.

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