Evolving workflows and execution strategies
This report presents the findings from Risk.net’s third annual global exchange-traded fund (ETF) trading survey, commissioned by Jane Street. It includes responses from 304 institutional investors, as well as qualitative interviews from 13 buy-side firms.
58% of survey respondents say this is the most important criterion when choosing a liquidity provider.
Buy-side traders are making use of request-for-quote (RFQ) platforms to place multiple counterparties in competition with one another. 41% of respondents say they use RFQ platforms most frequently to trade, the highest share in the three-year history of the survey.
Institutions value those who understand ETF execution strategies. 29% have dedicated trading desks or dedicated traders for handling ETF orders. The same proportion use separate brokers for their equities and ETF orders.