European ETP trading exceeded EUR2 trillion in fragmented market write Athanasios Psarofagis, ETF analyst and Henry Jim who have produced a report on European ETP trading in 2021.
Trading & Execution
Liquidity providers TP ICAP has achieved what it describes as a major milestone in its Digital Assets business with the first trades completed on crypto asset equity instruments with Goldman Sachs.
Smart data and analytic solution provider big xyt has partnered with ETFbook, an ETF information and analytics platform, to provide daily fund data for their Liquidity Cockpit for ETFs solution.
Electronic trading platform Tradeweb has reported total trading volume for September 2021 of USD21.7 trillion and average daily volume (ADV) for the month of USD1.02 trillion, an increase of 17.4 per cent year over year (YoY).
Tradeweb has reported total trading volume for July 2021 of USD20.6 trillion across rates, credit, equities and money markets. Average daily volume (ADV) for the month was USD972.2 billion, an increase of 34.2 per cent year over year (YoY).
Bill Kapogiannis, DTCC Executive Director, Equities Clearing Services writes that there is nothing like a crisis to help put things into perspective, and the market volatility that ensued as a result of the pandemic has placed a spotlight on the operations of the ETF market, especially as it relates to the need to increase operational efficiency while removing as much counterparty risk as possible.
Tradeweb has reported total trading volume for June 2021 of USD23.1 trillion. Average daily volume (ADV) for the month was USD1.05 trillion, an increase of 34.7 per cent year over year (YoY). For the second quarter of 2021, total trading volume was USD62.0 trillion and ADV was USD976.9 billion, an increase of 25.5 per cent YoY, with preliminary average variable fees per million dollars of volume traded of USD2.70.
Indosuez Wealth Management, the global wealth management brand of Crédit Agricole Group, has adopted Bloomberg's Rule Builder to enhance the bank’s operational efficiency across the ETF trading desks.
David Mann (pictured), Head of Capital Markets, Global ETFs at Franklin Templeton has been contemplating the hybrid nature of ETFs and the importance of considering trading volume when selecting them. Investors traditionally take into account ETF trading volume when they are selecting an ETF, he says, but these days investors might be trading over different time frames.
Ivan Gilmore (pictured), Head of Securities Trading, London Stock Exchange, London Stock Exchange Group (LSEG) writes that stock exchanges have shown resilience through mixed times and looks forward to a golden age of ETFs that lies ahead…