London, UK – Institutional trading activity on both European- and U.S.-listed ETF platforms has shown strong performance in March, according to data from Tradeweb Markets.

In Europe, the platform saw a total traded volume of EUR 55.6 billion in March, with the proportion of transactions processed via Tradeweb’s AiEX tool reaching 86.1%. This marks the second-highest figure on record for the platform.

Adam Gould, head of equities at Tradeweb, highlighted the platform’s success in the first quarter, with total traded volume in Europe reaching EUR 163.6 billion, the platform’s third best quarterly performance ever. This demonstrates the flexibility and liquidity benefits that ETFs offer to trading desks.

In terms of volume breakdown, equity-based ETFs accounted for two-thirds of the overall flow in March, while fixed income and commodities made up 29% and 6% respectively. North American Equities emerged as the most heavily-traded ETF category, with a total notional volume of EUR 13.7 billion.

On the U.S.-listed ETF platform, total consolidated notional value traded reached USD 60.2 billion in March. The quarter was record-breaking, with total U.S. ETF institutional activity on Tradeweb totaling USD 195.8 billion, reflecting continued strong growth on the platform.

Equities accounted for 55% of the total notional value, with fixed income making up 35%, and the remainder comprising commodity and specialty ETFs. The top ten ETFs by traded notional volume were dominated by fixed income-based products, with the iShares Core S&P 500 ETF taking the first spot.

Overall, the data from Tradeweb Markets indicates continued strong growth and institutional interest in ETF trading, showcasing the importance of these platforms in the global market.