Nasdaq Global Funds Inc.
is working on a solution to the problem of incremental investors and ETFs, reports the Wall Street Journal
Nasdaq hopes to make its Nasdaq-100 Index Tracking Stock Trust available to investors without brokerage accounts for as little as one or two dollars per trade.
Investors would purchase shares through a direct program with Nasdaq. Shares of ETFs would directly in the trust when the investor has accumulated a certain amount of money.
If the program works, Nasdaq plans to make four of its BLDRS ETFs available.
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