FYI: The world’s biggest banks still play a surprisingly large role in the rapidly growing market for exchange-traded funds.
Bank of America Corp., Goldman Sachs Group Inc. and ABN Amro Bank NV together handle about half of the $5.5 trillion gross flows into and out of ETFs, according to a new report from BlackRock Inc., which analyzed the first batch of regulatory filings on the institutions that create or redeem ETF shares. That’s in stark contrast to the secondary market, where many banks have ceded market-making roles to faster, more tech-savvy electronic brokers.
Regards,
Ted
https://www.fa-mag.com/news/meet-the-banks-behind--5-5-trillion-of-trades-that-power-etfs-52003.html?print
