PDF ETF Liquidity MASTER THE MECHANICS OF ETF TRADING

investors is that this process keeps the ETF market price in line with the value of its underlying securities due to the consistent arbitrage opportunity for APs and institutional trading desks. ETF Units Buyers Sellers SPDR ETF SPONSOR AUTHORIZED PARTICIPANTS (AP) STOCK EXCHANGE PRIMARY MARKET SECONDARY MARKET ETF Units Underlying Securities ................
................

In order to avoid copyright disputes, this page is only a partial summary.

Google Online Preview   Download