- ETP average daily volume rose 2.99% m/m (+25.23% y/y), to 3.13 bn, as the VIX average daily close declined 3.56% m/m (-18.45% y/y), to 15.75.
- Average daily value traded increased 3.60% m/m (+19.62% y/y) to $203.2 bn.
- ETPs accounted for 19.09% of total equity ADV (+225 bps m/m) and 25.73% of ADVT (+67 bps m/m).
- Active ETPs (transparent and semi-transparent) accounted for 10.07% (+18 bps m/m) of total AUM, 30.31% (+53 bps m/m) of total ADV and 9.07% (+16 bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 35.72% (-161 bp m/m) of total ETP volume and 6.82% (+41 bps m/m) of all equity volume.
- Off-exchange venues (+65 bps m/m) gained the most market share, while IEX (+12 bps m/m) reached a record high of 3.20%. Cboe EDGX (-41 bps m/m) lost the most. Nasdaq BX (-4 bps m/m) and Nasdaq PSX (-1 bp m/m) fell to record lows of 0.35% and 0.15%, respectively.
- Net ETP flows were positive once again, at $117.80 bn. US equity ($48.30 bn) and US corporate fixed income funds ($31.23 bn) led the way; Emerging markets (-$666 mln) and currency (-$598 mln) were the only groups to suffer negative net outflows.
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