etf & etp december update - london stock exchange group · london stock exchange group page 2...

ETF & ETP December Update

London Stock Exchange Group


Listings

• 3 new ETFs and 30 other ETPs were listed on London Stock Exchange in December 2016

• There are now 884 ETFs (available as 1,360 lines through multi-currency offerings) and 441

ETCs/ETNs (available as 501 lines) on our London market

Trading activity

• Total on-exchange value traded for ETFs in December 2016 was £31.5billion (315k trades), up by 55%

compared to December 2015

• Total on-exchange value traded for other ETPs (ETCs and ETNs) in December 2016 was £3.6 billion (44k

trades), more than 3 times the value traded in December 2015

• London Stock Exchange remains the leading exchange for fixed income ETFs, emerging market ETFs and

Exchange Traded Commodities (ETC) trading in Europe

Market coverage

• 20 registered market makers provide continuous pricing and a high quality pool of liquidity on our order-book

• In addition, more than 150 member firms from over 20 countries are connected to the London Stock

Exchange's order book and have access to trade ETFs

Highlights


• Total on-exchange value traded in December 2016 was £35.1 billion through 315k trades,

up by 63.5% compared to the value traded in December 2015

• Total on-exchange value traded in 2016 is £386.9 billion through 3.7m trades, up by 50.7%

compared to 2015

London ETF/ETP Market Growth

-

5,000

10,000

15,000

20,000

25,000

30,000

35,000

40,000

45,000

50,000

-

50,000

100,000

150,000

200,000

250,000

300,000

350,000

400,000

450,000

Tu

rno

ve

r (£

mln

)

Nu

mb

er

of

Tra

de

s

Number of Trades

Turnover (millions)

London Stock Exchange Group Charts: Deutsche Bank European Monthly ETF Market Review December 2016

Turnover figures are in million Euros

• London Stock Exchange ETF trading is the largest in Europe with 42% market share

Leading European Market: Turnover


• London Stock Exchange ETC market has the highest turnover with 6.8% market share in

on-exchange ETC trading

Charts: Deutsche Bank European Monthly ETF Market Review December 2016

Turnover figures are in million Euros

Leading European Market: Commodity Products

London Stock Exchange Group Note: Time weighted average spread uses best bid and best offer prices from the order book

Top 10 Traded Products – Orderbook

Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) December 2016

TIDM ISIN Instrument Name Value traded Number of

trades Volume traded

Value traded %

of market

Number of trades

% of market

Volume traded

% of market

Average

trade size

Time weighted

average spread

(bp)

ISF IE0005042456 ISHARES CORE FTSE100 UCITS ETF GBP(DIST) £538,988,505 16,724 78,401,342 7.45% 8.51% 24.67% £32,228 3.1199

CSPX IE00B5BMR087 ISHRS CORE S&P 500 UCITS ETF USD (ACC) £433,145,219 5,342 2,532,441 5.99% 2.72% 0.80% £81,083 3.2648

VUSD IE00B3XXRP09 VANGUARD S&P 500 UCITS ETF £425,433,238 4,086 12,426,994 5.88% 2.08% 3.91% £104,120 4.2145

VUKE IE00B810Q511 VANGUARD FTSE 100 UCITS ETF £212,116,754 2,564 6,830,279 2.93% 1.30% 2.15% £82,729 5.4346

LQDE IE0032895942 ISHARES $ CORP.BOND UCITS ETF USD (DIST) £162,111,223 5,410 1,814,241 2.24% 2.75% 0.57% £29,965 15.6883

IEMB IE00B2NPKV68 ISHRS J.P. MORGAN $ EM BOND ETF USD DIST £152,409,086 3,644 1,762,134 2.11% 1.85% 0.55% £41,825 13.2141

IWDA IE00B4L5Y983 ISHRS CORE MSCI WORLD ETF USD (ACC) £100,923,147 1,865 2,856,589 1.40% 0.95% 0.90% £54,114 7.6973

IHYU IE00B4PY7Y77 ISHRS $ HIGH YIELD CRP BND ETF USD DIST £95,125,036 3,017 1,157,633 1.32% 1.54% 0.36% £31,530 15.4475

IHYG IE00B66F4759 ISHARES EUR H.YLD C.B UCITS ETF EUR DIST £86,043,391 2,822 963,817 1.19% 1.44% 0.30% £30,490 12.43

IDUS IE0031442068 ISHARES S&P 500 UCITS ETF USD (DIST) £77,011,836 851 4,292,182 1.06% 0.43% 1.35% £90,496 3.8506

Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) December 2016



Value traded %

of market

Number of trades

% of market

Volume traded

% of market

Average

trade size

Time weighted

average spread

(bp)

GBS GB00B00FHZ82 (GBS) SEC UND ZERO CPN NTS £310,338,944 2,579 3,505,384 26.72% 9.71% 2.14% £120,333 4.4058

SGLD IE00B579F325 SOURCE PHYSICAL GOLD P-ETC CERTS £103,840,590 1,650 1,145,451 8.94% 6.22% 0.70% £62,934 4.4474

PHAU JE00B1VS3770 ETFS PHYSICAL GOLD £101,836,276 1,100 1,150,883 8.77% 4.14% 0.70% £92,578 4.983

CRUD GB00B15KXV33 ETFS WTI CRUDE OIL £82,849,265 2,103 12,827,903 7.13% 7.92% 7.83% £39,396 7.9996

IGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £74,089,940 1,247 4,071,399 6.38% 4.70% 2.49% £59,415 3.0522

SGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £38,563,052 1140 2,123,260 3.32% 4.29% 1.30% £33,827 4.8265

XGLD GB00B5840F36 DB PHYSICAL GOLD ETC £28,376,708 1,135 316,059 2.44% 4.28% 0.19% £25,002 6.0517

3OIL IE00B7ZQC614 BOOST WTI OIL 3X LEVERAGE DAILY ETP £26,498,943 1899 28,851,702 2.28% 7.15% 17.61% £13,954 16.3011

LOIL JE00BDD9Q840 ETFS 2X DAILY LONG WTI CRUDE OIL £21,505,537 503 571,045 1.85% 1.89% 0.35% £42,755 46.0558

PHGP JE00B1VS3770 ETFS PHYSICAL GOLD £ £21,412,903 283 241,321 1.84% 1.07% 0.15% £75,664 7.4382

London Stock Exchange Group Note: Time weighted average spread uses best bid and best offer prices from the order book

*Includes non-order book trades reported to the London Stock Exchange “on-exchange”

Top 10 Traded Products – On-exchange*

Top 10 Most Actively Traded ETFs on London Stock Exchange (by Value Traded) December 2016



Value traded %

of market

Number of trades

% of market

Volume traded

% of market

Average

trade size

Time weighted

average spread

(bp)

IHYU IE00B4PY7Y77 ISHRS $ HIGH YIELD CRP BND ETF USD DIST £998,574,838 3,240 12,208,378 3.17% 1.19% 1.09% £308,202 15.4475

ISF IE0005042456 ISHARES CORE FTSE100 UCITS ETF GBP(DIST) £992,124,810 20,317 143,821,174 3.15% 7.49% 12.81% £48,832 3.1199

IEAC IE00B3F81R35 ISHRS CORE EUR CORP BOND ETF EUR (DIST) £984,351,657 2,158 9,019,905 3.13% 0.80% 0.80% £456,141 7.9637

CSPX IE00B5BMR087 ISHRS CORE S&P 500 UCITS ETF USD (ACC) £926,448,700 6,233 5,439,312 2.94% 2.30% 0.48% £148,636 3.2648

VUSD IE00B3XXRP09 VANGUARD S&P 500 UCITS ETF £822,152,792 4,488 24,026,870 2.61% 1.65% 2.14% £183,189 4.2145

IHYG IE00B66F4759 ISHARES EUR H.YLD C.B UCITS ETF EUR DIST £781,301,241 3,055 8,774,754 2.48% 1.13% 0.78% £255,745 12.43

LQDE IE0032895942 ISHARES $ CORP.BOND UCITS ETF USD (DIST) £685,522,842 6,691 7,654,887 2.18% 2.47% 0.68% £102,454 15.6883

IEMB IE00B2NPKV68 ISHRS J.P. MORGAN $ EM BOND ETF USD DIST £490,882,019 3,849 5,691,827 1.56% 1.42% 0.51% £127,535 13.2141

SGQX LU1040688639 LYXOR SGQI UCITS ETF MTHLY HDGD C-GBP £461,817,877 16 4,048,525 1.47% 0.01% 0.36% £28,863,617 100.7886

IEML IE00B5M4WH52 ISHRS EM LOCAL GOVT BOND ETF USD (DIST) £418,841,421 1496 8,610,620 1.33% 0.55% 0.77% £279,974 28.4734

Top 10 Most Actively Traded other ETPs on London Stock Exchange (by Value Traded) December 2016



Value traded %

of market

Number of trades

% of market

Volume traded

% of market

Average

trade size

Time weighted

average spread

(bp)

GBS GB00B00FHZ82 (GBS) SEC UND ZERO CPN NTS £706,232,140 2,923 7,984,841 19.36% 6.67% 2.29% £241,612 4.4058

PHAU JE00B1VS3770 ETFS PHYSICAL GOLD £501,113,438 1,467 5,694,483 13.74% 3.35% 1.63% £72,999 4.983

SGLD IE00B579F325 SOURCE PHYSICAL GOLD P-ETC CERTS £403,829,726 1,902 4,472,109 11.07% 4.34% 1.28% £61,469 4.4474

CRUD GB00B15KXV33 ETFS WTI CRUDE OIL £293,381,688 2,508 44,847,896 8.04% 5.73% 12.86% £67,109 7.9996

IGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £284,815,258 1,475 15,663,587 7.81% 3.37% 4.49% £32,369 3.0522

PHAG JE00B1VS3333 ETFS PHYSICAL SILVER £137,284,908 450 11,033,973 3.76% 1.03% 3.17% £98,645 12.6246

SGLN IE00B4ND3602 ISHARES PHYSICAL GOLD ETC £121,155,856 2,196 6,674,343 3.32% 5.01% 1.91% £36,213 4.8265

XGLD GB00B5840F36 DB PHYSICAL GOLD ETC £92,354,041 1230 1,025,271 2.53% 2.81% 0.29% £53,252 6.0517

PHGP JE00B1VS3770 ETFS PHYSICAL GOLD £ £83,657,686 2,567 943,103 2.29% 5.86% 0.27% £15,090 7.4382

SPAL IE00B4LJS984 SOURCE PHYSICAL PALLADIUM P-ETC £74,228,905 54 1,294,065 2.03% 0.12% 0.37% £98,512 17.1282


• Average order book trade size for ETFs was £37k

• Average order book trade size for other ETPs was £44k

Trade Size Statistics – December 2016


New ETFs/ETPs listed – December 2016

TIDM Instrument Name ISIN Code First Trading Date Currency ZIEM BMO MSCI EM IN LED USD UCITS ETF IE00BZ053T90 20161206 GBP VEMT VANGUARD USD EM GOV'T BOND UCITS ETF IE00BZ163L38 20161207 GBP CMBU UBS ETC (CMCI BCOM) USD CH0348206357 20161209 USD CMBG UBS ETC (CMCI BCOM) GBP CH0348206365 20161209 GBP CMGU UBS ETC (CMCI GSCI) USD CH0348206373 20161209 USD CMGG UBS ETC (CMCI GSCI) GBP CH0348206381 20161209 GBP CXAD UBS ETC (CMCI EX AGRI & LIVS CAP) USD CH0348206399 20161209 USD OIL3 UBS ETC (CMCI WTI 3M) USD CH0348206118 20161209 USD CXAS UBS ETC (CMCI EX AGRI & LIVS CAP) GBP CH0348206407 20161209 GBP ENGB UBS ETC (CMCI ENERGY) GBP CH0348206415 20161209 GBP OILG UBS ETC (CMCI WTI) GBP CH0348206100 20161209 GBP BRTU UBS ETC (CMCI BRENT) USD CH0348206126 20161209 USD BRTG UBS ETC (CMCI BRENT) GBP CH0348206134 20161209 GBP BRT3 UBS ETC (CMCI BRENT 3M) USD CH0348206142 20161209 USD NGAU UBS ETC (CMCI NATURAL GAS) USD CH0348206159 20161209 USD NGAG UBS ETC (CMCI NATURAL GAS) GBP CH0348206167 20161209 GBP INMG UBS ETC (CMCI INDUSTRIAL MTLS) GBP CH0348206241 20161209 GBP MCUU UBS ETC (CMCI COPPER) USD CH0348206258 20161209 USD ALYU UBS ETC (CMCI ALUMINIUM) USD CH0348206266 20161209 USD NIKU UBS ETC (CMCI NICKEL) USD CH0348206274 20161209 USD LXUU UBS ETC (CMCI ZINC) USD CH0348206282 20161209 USD PRMG UBS ETC (CMCI PREC METALS) GBP CH0348206290 20161209 GBP GCGB UBS ETC (CMCI GOLD) GBP CH0348206308 20161209 GBP SIUS UBS ETC (CMCI SILVER) USD CH0348206316 20161209 USD SILP UBS ETC (CMCI SILVER) GBP CH0348206324 20161209 GBP PLTU UBS ETC (CMCI PLATINUM) USD CH0348206332 20161209 USD AGGB UBS ETC (CMCI AGRICULTURE) GBP CH0348206472 20161209 GBP SBUS UBS ETC (CMCI SUGAR) USD CH0348206480 20161209 USD COFU UBS ETC (CMCI COFFEE) USD CH0348206498 20161209 USD SOYU UBS ETC (CMCI SOYBEANS) USD CH0348206506 20161209 USD LIVP UBS ETC (CMCI LIVESTOCK) GBP CH0348206514 20161209 GBP

CORU UBS ETC (CMCI CORN) USD CH0348206522 20161209 USD OMXS ISHARES OMX STOCKHOLM CAPPED UCITS ETF IE00BD3RYZ16 20161216 GBX


Number of new listings year on year

Product Growth

14 15 17

45 52 51

155

136

179

99

108

166

125

30 26

67

26

160

19

34

17 13

55 50

0

20

40

60

80

100

120

140

160

180

200

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016

ETFs ETCs/ETNs


Product Ranking by Issuer

Issuer Number of ETFs Ranking

iShares 213 1

DB X-Trackers 133 2

Lyxor 105 3

SSGA SPDR 99 4

UBS ETF 70 5

Amundi ETF 50 6

Source 48 7

WisdomTree 32 8

HSBC ETFS 27 9

Vanguard 22 10

Invesco Powershares 19 11

ETF Securities 17 12

First Trust 11 13

Ossiam 10 14

BMO 10 14

Nomura 4 16

Commerzbank 3 17

Van Eck 3 17

Zyfin 3 17

Fundlogic Alternatives 2 20

Finex 1 21

Fullgoal 1 21

ICBC Credit Suisse 1 21

Total 884

Issuer Number of Other ETPs Ranking

ETF Securities 238 1

UBS AG 107 2

Boost ETP 51 3

Société Générale 25 4

DB ETC 8 5

Barclays Bank 4 6

iShares 4 6

Source 4 6

Total 441

Monthly ETF Turnover by Issuer - December


Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded %

of market

Trades % of

market

Volume % of

market Ranking

ISHARES 20,736,409,846 173,444 739,531,067 65.91% 63.95% 65.85% 1

LYXOR 2,230,611,977 8,043 45,578,118 7.09% 2.97% 4.06% 2

DB X-TRACKERS 2,217,548,564 16,365 133,316,862 7.05% 6.03% 11.87% 3

VANGUARD 1,825,482,485 20,485 56,866,292 5.80% 7.55% 5.06% 4

SSGA SPDR 1,607,703,958 19,256 42,865,878 5.11% 7.10% 3.82% 5

SOURCE 1,514,689,883 13,488 22,903,922 4.81% 4.97% 2.04% 6

ETF SECURITIES 347,786,671 5,268 27,767,194 1.11% 1.94% 2.47% 7

HSBC ETFS 238,951,188 5,653 20,187,266 0.76% 2.08% 1.80% 8

UBS ETF 219,905,221 2,623 10,355,508 0.70% 0.97% 0.92% 9

INVESCO POWERSHARES 216,674,286 1,766 9,679,703 0.69% 0.65% 0.86% 10

AMUNDI ETF 162,735,378 624 7,912,791 0.52% 0.23% 0.70% 11

WISDOMTREE 35,529,466 1,398 2,825,561 0.11% 0.52% 0.25% 12

FIRST TRUST 26,147,415 588 1,101,291 0.08% 0.22% 0.10% 13

VAN ECK 26,091,188 1124 1,506,598 0.08% 0.41% 0.13% 14

OSSIAM 21,257,757 151 105,342 0.07% 0.06% 0.01% 15

FUNDLOGIC 13,151,260 465 151,953 0.04% 0.17% 0.01% 16

NOMURA 10,983,434 146 130,143 0.03% 0.05% 0.01% 17

BMO 10,376,264 289 194,560 0.03% 0.11% 0.02% 18

FINEX 668,138 9 8,199 0.00% 0.00% 0.00% 19

ICBC CREDIT SUISSE 343,496 34 41,776 0.00% 0.01% 0.00% 20

ZYFIN 197,413 19 23,347 0.00% 0.01% 0.00% 21

Total 31,463,245,289 271,238 1,123,053,371


Monthly ETP Turnover by Issuer - December

Issuer Sum of GBP Value Sum of Trades Sum of Volume Value traded %

of market

Trades % of

market

Volume % of

market Ranking

ETF SECURITIES 2,412,298,232 26,784 241,664,562 66.13% 61.15% 69.32% 1

SOURCE PHYSICAL MARKETS PLC 506,687,923 2,695 6,757,973 13.89% 6.15% 1.94% 2

ISHARES PHYSICAL METALS PLC 421,978,501 4,055 23,593,725 11.57% 9.26% 6.77% 3

BOOST ISSUER PUBLIC LIMITED COMPANY 168,197,502 7,095 73,415,322 4.61% 16.20% 21.06% 4

DB ETC 120,573,847 1,628 1,966,135 3.31% 3.72% 0.56% 5

SG ISSUER 17,738,829 1,444 444,462 0.49% 3.30% 0.13% 6

UBS AG 236,937 21 1,031 0.01% 0.05% 0.00% 7

BARCLAYS BANK PLC 177,908 82 780,771 0.00% 0.19% 0.22% 8

Total 3,647,889,679 43,804 348,623,981

Data: Deutsche Bank European Monthly ETF Market Review December 2016

• LSE has by far the highest on-exchange turnover for fixed income ETPs in Europe

with 60% market share

• There are over 200 fixed income ETFs listed on the LSE

• 85% of the European top 20 fixed income ETFs by value traded are LSE listed

Deutsche Börse London Stock Exchange

Top 10 fixed income ETFs by monthly on-exchange turnover (€million)


Fixed Income ETFs – Product Range and Turnover


Exchange Traded Products

London Stock Exchange

10 Paternoster Square

London EC4M 7LS

Tel: +44 (0)20 7797 3921

[email protected]

Contact Details

etf & etp december update - london stock exchange group · london stock exchange group page 2...

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