ETFs Are Going BATS … and Why You Should Care!

The ETF marketplace changed last month. You didn’t notice? Don’t worry, you’re not alone. Today I’ll tell you all about it. You already know that “exchange traded funds” trade on an exchange. That’s what distinguishes them from old-fashioned mutual funds. But what exchange trades them, and where is it? For some new iShares, the answer isn’t New York or Chicago. Their trading hub is Lenexa, Kansas. Let me explain … Exchange Floors No Longer Needed Computers bring order to chaos like this. For most people, the term “stock exchange” brings to mind images of noisy rooms filled with men in colorful jackets, waving their arms and making cryptic hand motions. At one time, this is exactly how trading . . . → Read More: ETFs Are Going BATS … and Why You Should Care!