April 6, 2017

Bloomberg: Precidian Closer to Hidden-Asset ETF to Curb Front-Running

Rachel Evans and Annie Massa report Precidian Investments has unveiled a new suite of strategies for an innovative type of actively managed product that’s packaged as an exchange-traded fund. The first NextShares fund is still relatively small, with about $22 million in assets.  “It’s a chicken-and-the-egg situation,” said Bill Harts, chief executive officer of Modern Markets Initiative, an advocacy group for high-speed traders. “With limited volume today, they don’t get all the benefits of high-frequency trader market making the way a stock like Apple does. If the amount of trading increases, that could change.”

READ STORY HERE

“… the increased use of electronic trading has brought many benefits, such as more efficient execution and lower spreads."

TIMOTHY MASSAD, CFTC Chairman

June 3, 2015 Speech

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