ETP volumes spike as volatility hits markets but flows remain stable

ETP turnover in Europe spiked yesterday in the wake of the global market drops but overall flows have remained flat this week. Turnover in exchange-traded products increased 54% this week across Europe. Euronext, which has markets in Amsterdam, Brussels, Lisbon and Paris, saw trading increase to €853million yesterday compared to a year-to-date average of €443.2 million. ETF turnover on the London Stock Exchange leapt to £541.38 million (€622.98 million) yesterday, up from its monthly average of £364.9 million (€419.9 million). Despite this huge increase in trading activity caused b...