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Tradeweb reports record-breaking ETF volume in February

Tradeweb has published the data drawn from its European-listed ETF platform which shows that ETF total traded volume executed on the Tradeweb European-listed ETF marketplace reached a record-breaking EUR24 billion in February, up 20 per cent from January’s activity.

The share of transactions processed using Tradeweb’s Automated Intelligent Execution tool (AiEX) increased to 36.4 per cent, beating January by more than seven percentage points.

Commenting on February’s record performance figures, Adriano Pace, managing director for equity derivatives at Tradeweb, says: “Enhanced best execution requirements under MiFID II have highlighted the benefits of transacting ETFs on electronic trading venues like Tradeweb. Investment firms must now take sufficient steps to achieve the best possible results for their clients in terms of price, costs, speed and likelihood of execution. E-trading helps institutional investors meet these obligations thanks to inherent features such as RFQ-based price discovery, improved access to liquidity, STP workflow efficiencies, and comprehensive audit trails logging each step of the trade lifecycle.”

Monthly activity in equity-based ETFs amounted to 63 per cent of the overall platform flow. ‘Sells’ in the asset class narrowly outstripped ‘buys’, with only Emerging Markets and North America equity products bucking the trend. Fixed income was the only ETF asset class to see net buying, while activity in commodity ETFs dropped to 4 per cent of the total traded volume.
North America Equities emerged as February’s most heavily-traded ETF category with more than EUR4.4 billion in notional volume. Nearly EUR2 billion was executed in Corporate Bond ETFs, the most active fixed income segment during the month.

A fund offering exposure to global equities was February’s most actively-traded ETF. The synthetically replicated Xtrackers MSCI World Index UCITS ETF last occupied the top spot in October 2017.

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