Tradeweb sees EUR32.8bn in notional traded ETF volume in October

Notional volume executed on the Tradeweb European-listed ETF marketplace reached EUR32.8 billion in October, according to the company's latest Exchange-Traded Funds Update.

Adriano Pace, head of equities (Europe) at Tradeweb, says: “In October we saw more than 53,900 transactions in European-listed ETFs, our highest number since March, when platform activity exceeded EUR 80 billion. Three-quarters of these transactions were completed via our Automated Intelligent Execution (AiEX) tool, in line with recent months.”

Trading activity in fixed income ETFs increased to 38 per cent of the overall platform flow in October, beating the previous 12-month rolling average by three percentage points. ‘Sells’ in the asset class narrowly surpassed ‘buys’ in contrast to equity- and commodity-based ETFs, which saw net buying during the month. North America Equities proved to be the most heavily-traded ETF category, closely followed by Europe Equities and Corporate Bonds.
 
Fixed income products dominated October’s top ten list by traded notional volume, with the iShares $ Corporate Bond UCITS ETF moving up one place from September to be ranked first.

Total consolidated US ETF notional value traded in October 2020 amounted to USD 17.2 billion.
 
As a percentage of total notional value, equities accounted for 50 per cent and fixed income for 48 per cent, with the remainder comprising commodity and specialty ETFs. The proportion of US ETF trades executed on the platform via the Tradeweb AiEX tool was 42 per cent.
 
Adam Gould, head of U.S. equities at Tradeweb, says: “Our institutional US ETF platform continued to grow in October amid ongoing client adoption and equity market volatility. Total traded volume was up 92 per cent year over year, and we saw average block trade size increase to USD 9.5 million.”
 
During the month, 733 unique tickers traded on the Tradeweb US ETF platform. In first place, the iShares Core MSCI Emerging Markets ETF re-entered the top ten list by traded notional volume for the first time since January 2020.