October 19, 2008 at 1:00 am by Tom Lydon
NASDAQ reported new trading records for exchange traded funds (ETFs) as of Thursday. The turbulent market ride wasn’t all just in vain as September has an average daily trading volume of 785 million shares on U.S.-listed ETFs.
What’s more, the volume of U.S. ETFs traded on NASDAQ also reached a record level for the month—16.5 billion shares traded, reports Index Universe. Month by month the National Stock Exchange (NSX) saw total percentages of U.S. equity trading of ETFs for August and September increase 31% and 35%, respectively.
If early October trading volumes (above 40%) stay on pace throughout the month, ETFs will likely set yet another record by month’s-end, in terms of percentage of total market share of U.S. equities.
Tags: NASDAQ
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