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Active client and individual trade numbers increase for Tradeweb

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Tradeweb’s European-listed ETF platform reports that February proved to be another strong month for them, with 28 liquidity providers on the platform.

Total traded volume reached EUR12.06 billion, while the average daily volume exceeded EUR600 million. Adriano Pace (pictured), managing director for equity derivatives at Tradeweb, says: “Platform metrics remained very healthy despite the shorter month, as the number of active clients and individual trades both increased by 7 per cent.”

Pace adds: “Trade automation also gained momentum last month. We saw 8 per cent of transactions in European-listed ETFs executed via OMSX, a rules-based trading tool that enables clients to set parameters dictating how orders are directed and executed without requiring access to the Tradeweb Viewer. Thanks to OMSX, buy-side execution desks are allowed more time to concentrate on more complex, value-added business.”
As a proportion of the overall traded volume, monthly activity in fixed income ETFs surpassed 40 per cent for the third time in the platform’s history after March and September 2016.

‘Buys’ in the asset class outperformed ‘sells’ by nine percentage points, with only convertible and inflation-linked bonds bucking the trend. More than EUR1.78 billion in notional was executed in government bond ETFs, the most heavily-traded category in February, closely followed by European equity instruments with EUR1.74 billion in traded notional.

The PIMCO Euro Short Maturity Source UCITS ETF was the most actively traded ETF on the platform.

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