July saw total traded volume on the Tradeweb European-listed ETF marketplace exceeded EUR13.3 billion in July.
Adriano Pace, pictured, managing director for equity derivatives at Tradeweb, says: “With market volatility falling to lower than average levels across most asset classes, activity on our European ETF platform held up remarkably well in July, and saw volumes increase nearly 10 per cent on June’s flow. On average, 93 per cent of client enquiries resulted in completed transactions over the course of the month, demonstrating the consistency and quality of the liquidity provision available to them.”
Tradeweb reports that Equity ETFs saw net buying for the first time since March 2017. ‘Buys’ in the asset class outperformed ‘sells’ by eight percentage points. Similarly, ‘buys’ in fixed income products beat ‘sells’ by five percentage points as a proportion of the overall traded volume.
Commodity-based ETFs were the only asset class to see net selling during the month. Equity Europe proved to be the most actively-traded ETF category with more than EUR2.8 billion in notional volume. Government Bond ETFs was the most active fixed income sector and saw EUR1.2 billion of the platform’s total flow.