Exchange traded fund (ETF) companies and investors look out!
The New York Stock Exchange (NYSE) and the Amex are merging and one of the major ETF listing platforms will be no more, reports MutualFundWire. The NYSE Arca platform will pick up an additional 380 Amex-listed ETFs, and according to Jeffrey Ptak, Morningstar’s director of exchange traded securities analysis, this consolidation will lead to "less leverage for ETF providers when negotiating listing fees."
The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.