The research also revealed that an overwhelming 87% of traders believe that the increased levels of volatility we saw in Q1 2018 is a trend that will continue. Interestingly, three quarters of traders stated that ETFs have contributed to this rise in volatility.
Commenting on the findings of the survey, Shaw added: “Despite the optimism of some traders, there is no consensus on whether MiFID II can be deemed a success. Our research demonstrates a large difference of opinion among market participants.”
The survey also highlighted that traders are much more positive about growth prospects for their own industry, with nearly two-thirds (62%) expecting more growth within their companies in the future, compared to a mere 15% one year ago.
SIX has conducted a trader survey between 12 and 30 April 2018, with 174 respondents from across Europe, of which 53% traded in shares, 19% in Fixed Income, 14% in Structured products and 13% in ETFs/ETPs or other products. Previous surveys conducted in 2017 have focused on block trading and passive investing.