Notable ETP News
Virtu Sees Human Error Hampering Part of the ETF Market
Virtu Financial Inc., one of the world’s top electronic traders, said U.S. regulators need to stamp out the risk
of human error in a key segment of the stock market. The mechanism for creating and turning over shares of
exchange-traded funds needs more automation, Virtu told the Securities and Exchange Commission in a
letter. ETFs play an increasingly central role in U.S. stock trading. The haywire session on Aug. 24, 2015,
illustrated that when problems crop up with the funds, they can roil the entire market. Since then, exchanges
have tightened rules to ward off similar disruptions to the $2 trillion ETF business.
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