Notable ETP News
ETF Firms Tackle Wall Street on Ways to Prevent Another Aug. 24
The world’s largest issuers of exchange-traded funds are holding talks with stock exchanges and market-
makers to avoid a repeat of the issues that plagued ETFs during Aug. 24’s market turmoil, according to five
people with direct knowledge of the matter. BlackRock Inc., Vanguard Group Inc. and State Street Corp.,
which between them manage close to $2 trillion in ETF assets, are among the money managers that have in
recent weeks held discussions, according to the people. On a day when about $1.2 trillion of U.S. market
value had been erased before prices partially recovered, there were more than 1,000 trading halts, most of
which were ETFs.
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