Nasdaq Wants to Give New ETFs a Smoother Launch Day
Nasdaq filed a rule change on April 7 to broaden its Exchange-Traded Product (ETP) definition to embody Class ETF Shares, a hybrid product that blends mutual fund and ETF buildings. The modification to Equity 1, Section 1(a)(15) would let issuers of those merchandise use the trade’s non-compulsory Initial ETP Open course of on their first…
