ETF trades on Euronext hit record levels last month

ETF trading volumes on NYSE Euronext reached their highest level last month, increasing to 17% of the equity trades on exchange that day. On 12 July trades reached more than €932 million. Trading volumes for last month were up 40% compared to July 2010; on average ETF trades account for 10% of the equity trades on Euronext, which has markets in Paris, Brussels, Amsterdam and Lisbon. Trading volumes still lag behind the US, however, where exchange-traded products (ETPs, the majority of which are ETFs) are around 30% of the equity turnover. European volumes are likely to grow: “If yo...