Michael John Lytle, managing director and founding partner at Source, talks to Emma Cusworth about the importance of increasing liquidity in the European ETF market
Liquidity is a key focus for Source, an exchange-traded product provider born 18 months ago from a coalition of Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley. Other leading names have since joined the platform, including UniCredit, Commerzbank and Nomura, while assets have rocketed to $8bn. To increase liquidity, Source concentrates listing its products on three exchanges, comprising the Deutsche Boerse, London Stock Exchange and Swiss SIX Exchange. This focus helps to avoid fragmentation of market making and encourages greater trading within the high-velocity hedge fun...
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