One year ago, there were no major committees to explore and address the unique issues of the rapidly growing exchange traded fund (ETF) market. Now there are two.
The Security Traders Association of New York (STANY) has established a committee to address all aspects of exchange traded funds (ETFs), to be chaired by XShares‘ CEO Anthony Dudzinski.
Dudzinski, who worked as a market making trader for about 20 years, told us that he first broached the idea of a committee to STANY a year ago. "I said ‘This is a growing business…there will be more products like this trading and you should pay attention.’ " He’s been a standing member of the organization for 18 years.
While STANY’s committee was in the works, Dudzinski got the call from the Investment Company Institute (ICI): would he be on their new ETF committee, too? Sure, he said.
