NYSE Arca, a major U.S. market for exchange-traded products (ETPs), will launch an initiative this year to help issuers of some lightly-traded securities to boost their liquidity. The U.S. Securities and Exchange Commission approved on June 6 a pilot program by the securities exchange that will let issuers indirectly pay market makers like Deutsche Bank Securities, Getco and Goldman Sachs & Co to give more favorable bid-offer spreads for participating ETPs. A date is not yet set for the program to start, said Laura Morrison, senior vice president of Global Index and Exchange Traded Products for NYSE Euronext, which runs Arca. ETPs are a catch-all term encompassing exchange-traded funds, notes and other products that trade like normal securities, yet can derive their value from a basket of assets. NYSE Arca lists the most ETPs. Its more than 1,300 ETPs see an average of around $13 billion in daily trades, according to XTF, an ETP data provider. Other
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