Summary
In summary, ETFs trade intraday on an exchange and are in a state of continuous issuance. These characteristics set ETFs apart and serve to give the investors more control over their execution, as well as more access to liquidity. Control over execution is a responsibility for product users. Investors need to understand the trading community they trade against, as well as how to value any ETF they want to position. Technology and trading platforms do not offer all the necessary information in one neat package, but all the data are publicly available. It is hoped that as the ETF industry continues to grow, so will those businesses servicing them.
The introduction of the ETF implied liquidity function and the ETF basket implied liquidity ...
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