- ETP average daily volume jumped 37.10% m/m (+98.59% y/y), to 4.93 bn, as the VIX average daily close climbed 4.16% m/m (-3.24% y/y), to 16.20.
- Average daily value traded decreased 29.36% m/m (+94.47% y/y) to $311.9 bn.
- ETPs accounted for 25.35% of total equity ADV (+272 bps m/m) and 29.93% of ADVT (+175bps m/m).
- Active ETPs (transparent and semi-transparent) accounted for 10.76% (+8 bps m/m) of total AUM, 20.37% (-335 bps m/m) of total ADV and 6.98% (-60 bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 37.98% (+225 bp m/m) of total ETP volume and 9.63% (+154 bps m/m) of all equity volume.
- IEX (+45 bps m/m) gained the most market share, reaching a new all-time high of 4.22%, while off-exchange venues lost the most (-126 bps m/m).
- Net ETP inflows were positive once again at $180.98 bn. US equity funds ($58.96 bn) led the pack, followed by US corporate fixed income ($34.38 bn) and global funds ($29.35 bn). Only currency funds (-$547 mn) saw net outflows.
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