MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, September 5, 2013 ETF Roundup: The Godfather of ETFs Leaves Knight The NYSE Euronext announced the launch of a program that allows fund companies to subsidize market making in ETFs investors won't trade, Barrons' Brendan Conway writes. These lonely ETFs face what Conway calls a "chicken-egg" problem, because first, investors have to be won over, but you only win over investors by having a bunch of investors already. Departure of the "Godfather of ETFs" Reggie Browne, managing director of Knight Capital Group's listed derivatives group, or "Godfather of ETFs" was unable to agree to terms of a new contract, Barrons' Brendan Conway reports. Eric Lichtenstein and Darren Traube are also leaving, another of Conway's sources confirms. Browne made his mark by making ETFs tracking illiquid markets trade well in spite of those underlying markets, Conway writes. To read more, click here and here. Printed from: MFWire.com/story.asp?s=45907 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |