Best ETF Liquidity Provider in Europe – 2016
Awarded to the ETF liquidity provider (including market maker, authorised participant, agency broker, etc.) that has done the most to improve investor outcomes through education, support, services, innovation and outreach.
Founded in the US in 2001, Bluefin expanded into the European market in 2007 and has grown to a full service market maker and liquidity provider, with a focus on real time RFQ in fixed income, emerging markets and commodities.
- BNP Paribas
BNP Paribas received multiple nominations that noted it “shows some of the tightest bid/offer spreads for a large/wide scope of equity ETFs on several European stock exchanges.”
One nomination wrote: “Flow Traders is constantly providing sharp and competitive pricing on ETFs globally, both on and off exchange, ensuring excellent pricing in ETFs for institutional and retail investors.” The firm quotes more than 4,000 ETPS continually, and executed trades in 97 different venues in 35 different countries.
- Jane Street
With 97 professionals working across 200 exchanges and venues in 40 countries, Jane Street is a monster in ETF trading, handling more than $1.4 trillion in ETF trades in 2016. It doubled its European trading volume in 2016 (to more than $270 billion), seeded nine new ETFs, and was named No. 1 for ETF Markets by the London Stock Exchange. It was called out in nominations for automating its RFQ process and helping institutions convert bond portfolios into ETF shares.
- Susquehanna International Group (SIG)
Known for its broad coverage and algorithmic approach to trading, nominations called out SIG for “excellent service” and “always looking to tighten spreads” when trades were needed. Coving over 1,200 UCITS ETFs and in business since the birth of the ETF market, SIG has a loyal following among institutional traders.