Competition Heating up Among Global ETF Exchanges
April 20, 2017 at 08:00 AM EDT
Demand for exchange-traded funds (ETFs) is expanding at a rapid pace, feeding into a multi-trillion-dollar industry whose function has grown far beyond simply tracking the largest equity indices in developed markets. Today, ETFs account for a major portion of trading volume in North American exchanges. While this has created intense competition among asset providers, the marketplace for ETF trading has been dominated by the New York Stock Exchange (NYSE).