ETP average daily volume was up 1.60% m/m (-23.54% y/y), to 2.24 bn, as the VIX average daily close declined 7.00% m/m (-12.60% y/y), to 20.26.
Average daily value traded increased 1.51% m/m (-45.46% y/y), to $139.3 bn.
ETPs accounted for 19.80% of total equity ADV (-66 bps m/m) and 29.03% of ADVT (-82 bps m/m).
The 20-most-active ETPs comprised 40.10% (-210 bps m/m) of total ETP volume and 7.94% (-69 bps m/m) of all equity volume.
NYSE Arca (+34 bps m/m) gained the most market share. Nasdaq PSX (-31 bps m/m) shed the most.
Net ETP fund flows were positive for a ninth consecutive month (+$33.14 bn). US corporate fixed income funds (+$11.93 bn) led the way, followed by emerging market funds (+$11.21 bn). Only US equity (-$6.31 bn) and currency (-$136 mn) funds suffered net outflows.