- ETP average daily volume inched up 0.26% m/m (+50.16% y/y), to a record 5.77 bn, as the VIX average daily close jumped 34.00% m/m (+17.19% y/y), to 16.20.
- Average daily value traded rose 12.52% m/m (+56.35% y/y) to an all-time high $382.6 bn.
- ETPs accounted for 28.17% of total equity ADV (-59 bps m/m) and 34.72% of ADVT (+435 bps m/m).
- Active ETPs (transparent and semi-transparent) accounted for 11.57% (+47 bps m/m) of total AUM, 23.00% (+18 bps m/m) of total ADV and 6.44% (-68 bps m/m) of total ADVT.
- The 20-most-active ETPs comprised 32.13% (+79 bp m/m) of total ETP volume and 9.05% (-210 bps m/m) of all equity volume.
- NYSE (+93 bps m/m) gained the most market share, reaching an all-time high of 4.78%, followed by Nasdaq (+74 bps m/m). 24X (+31 bps m/m) and IEX (+20 bps m/m) also set new records of 0.41% and 4.48 respectively. Off-exchange venues (-282 bps m/m) lost the most market share.
- Net ETP inflows were $111.91 bn. US equity funds ($49.68 bn) led the pack, followed by US government fixed income ($37.05 bn). Only commodity (-$10.68 bn) and emerging market funds (-$4.37 bn) experienced net outflows.
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