Free Site Registration

Another ETF Blow by Big Board

Traders Magazine, July 2002

Staff Reports

The Big Board is once again stealing some of the American Stock Exchange's ETF thunder. A fixed-income exchange traded fund, iShares, introduced by the Amex, is available on the New York Stock Exchange. The Big Board is offering the same product on an unlisted trading privileges (UTP) basis. The NYSE's plan is a damaging but not a fatal blow to the Amex, which has pioneered an array of ETFs but watched helplessly as volume was picked up by other players. Island ECN, in particular, has taken a lead trading the popular QQQs.

Get access to this article and thousands more...

All TradersMagazine.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, online technology directory, the iPad App, and conference discounts. Qualified members may also choose to receive our free monthly magazine and any of our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and trading strategies.

Already Registered?