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Bots Ousted By Humans To NYSE Plan To Make ETF Trading Smoother

TedTed
in The Bullpen
FYI: The New York Stock Exchange is preparing to hand human traders a bigger role making markets for exchange-traded funds.

The exchange plans to allow bond, commodity and currency ETFs to list on its main floor as soon as August, according to Douglas Yones, NYSE’s head of ETFs. Last year, regulators approved the proposal, through which individuals known as designated market makers, or DMMs, will oversee ETF trading.
Regards,
Ted
https://www.fa-mag.com/news/bots-ousted-by-humans-in-nyse-plan-to-make-etf-trading-smoother-43558.html?print
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