- Our special year-in-review section starts on page 11.
- ETP average daily volume rose 9.24% m/m (+19.91% y/y), to 2.83 bn, as the VIX average daily close dipped 1.58% m/m (24.75% y/y), to 15.87.
- Average daily value traded climbed 9.69% m/m (-2.41% y/y), to $167.7 bn.
- ETPs accounted for 19.22% of total equity ADV (+150 bps m/m) and 25.97% of ADVT (+342 bps m/m).
- The 20-most-active ETPs comprised 39.70% (+26 bp m/m) of total ETP volume and 7.63% (+64 bps m/m) of all equity volume.
- Off-exchange venues (+374 bps m/m) gained the most market share, while Nasdaq (-90 bps m/m), NYSE Arca (-66 bps m/m) and Cboe EDGA (-60 bps m/m) lost the most.
- Net ETP flows were positive for a 12th consecutive month, at $116.98 bn. US equity funds ($97.02 bn) accounted for the lion’s share of inflows, with US corporate fixed income (+$11.65 bn) a distant second.
View the report
