Market Structure Reports

Back To List
EU LTBL
US LTBL
Canadian Trading Monthly
Monthly ETP Review
Digest
EU Digest
Trading Talk
EU Volumes
US Securities Volumes

Monthly ETP Review

May 8, 2020
  • Average daily volume dropped 33.88% m/m (+123.96% y/y), to 2.74 bn, compared with a 21.09% decline m/m across all equities, as the VIX average daily close fell 28.20% m/m (+220.13% y/y), to 41.45.
  • Average daily value traded tumbled 41.77% m/m (+85.59% y/y), to $144.6 bn.
  • ETPs accounted for 22.19% of equity ADV (-429 bps m/m) and 31.08% of ADVT (-684 bps m/m).
  • The 20-most-active ETPs accounted for 63.18% of total ETP volume and 14.02% of all equity volume.
  • Off-exchange venues (+457 bps m/m) gained the most market share, while Nasdaq (-220 bps m/m), NYSE Arca (-189 bps m/m) and Cboe BZX (-90 bps m/m) lost the most.
  • ETP fund flows were positive for an eighth consecutive month, at $24.26 bn. US equity funds ($16.69 bn) led the way once again, followed by US corporate fixed-income funds ($13.59 bn) and US government fixed income funds ($4.46 bn). Foreign developed market funds (-$7.38 bn) and emerging market funds (-$4.44 bn) suffered the greatest outflows.

  • Continue Reading

    Recent Posts

    Back To List