Tradeweb reports that March proved to be the strongest month for the Tradeweb European ETF marketplace since its launch in late 2012. Trading activity surpassed EUR17.73 billion, beating previous record-holder January 2017 by EUR2.42 billion. The platform also enjoyed a record-breaking first quarter, with total traded volume amounting to EUR45.11 billion, up 19 per cent on Q4 2016.
Equity ETFs were the only asset class to see net buying in March, as ‘buys’ mirrored ‘sells’ in fixed income and commodity-based products. Overall fixed income ETF activity was above average at 36 per cent of the entire platform flow, outperforming the previous 12-month rolling average by two percentage points.
Equity Europe was the most heavily-traded ETF category with EUR3.11 billion in notional volume. Nearly EUR1.75 billion was executed in Corporate Bond ETFs, the most active fixed income segment.
Adriano Pace (pictured), managing director for equity derivatives at Tradeweb, says: “Without a doubt, it was a very busy quarter for European-listed ETFs. Analysis of platform activity in the first three months of the year shows that ‘buys’ outstripped ‘sells’ in all ETF categories except for Aggregates and Government Bonds.”