ETP activity up as volatility remains for Q3 end

Total ETP on-exchange turnover in Europe increased by 24% compared to the previous week according to Lyxor, taking the total to €16.8bn. Commodities saw the biggest share of the increase, with gold and silver doing especially well. Fixed income products also saw a healthy increase of 45%. This took place as the underlying equity markets continued to fall; the FTSE 100 dropped 14% during Q3, the Eurostoxx 50 had fallen 23%, while the S&P 500 was down 15.6%. Underlying equity market activity also fell; it was down 9.4% week on week to €117bn, Lyxor reports. Primary market volumes ...