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Traditional Asset Managers Increase Their ETF Trading

Traders Magazine Online News, July 14, 2009

James Ramage

Knight Capital Group's hire of 15 exchange-traded funds traders and salespeople last month from Newedge USA, the U.S. arm of the big French derivatives and commodities brokerage, speaks to the lasting growth and popularity it sees in ETFs. The giant market maker has taken note of the rise of a new ETF customer base: traditional asset managers.

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