Tradeweb Exchange-Traded Funds Update – October 2019

The following data is derived from trading activity on the Tradeweb Markets institutional European- and U.S.-listed ETF platforms.

EUROPEAN-LISTED ETFs

Total traded volume
The Tradeweb European-listed ETF marketplace saw total traded volume reach EUR 29.4 billion in October. Nearly 77% of transactions were processed via Tradeweb’s Automated Intelligent Execution tool (AiEX).

Adriano Pace, head of equities (Europe) at Tradeweb, said: “Trading activity in European ETFs remained strong in October amid ongoing uncertainty around Brexit and the outcome of the UK election in December. The number of automated tickets continues to rise on the platform, as our clients become increasingly comfortable using AiEX to streamline their ETF trading workflows.”

Volume breakdown
During October, ‘buys’ mirrored ‘sells’ in fixed income ETFs, while their equity- and commodity-based counterparts both saw net buying. European equity products were strongly bought and saw overall traded volume reach EUR 6.21 billion.


Top ten by traded notional volume
There were eight fixed income products among October’s top ten ETFs by traded notional volume. Ranked first, the iShares J.P. Morgan EM Local Government Bond UCITS ETF last occupied the top spot in May 2019.

U.S.-LISTED ETFs

Total traded volume
Total consolidated U.S. ETF notional value traded in October 2019 was USD 8.9 billion.

Volume breakdown
As a percentage of total notional value, equities accounted for 57% and fixed income for 37%, with the remainder comprised of commodity and specialty ETFs. During October, 56% of U.S. ETF trades on the platform were executed via the Tradeweb AiEX tool.



Top ten by traded notional volume
During the month, 550 unique tickers traded on Tradeweb’s U.S. ETF platform. The iShares Core S&P 500 ETF moved up six places from September to become October’s most heavily-traded product.