6 December 2016

Co-Authors

Alex Kemmsies

Vice President    

Justin Schack

Managing Director    

Rosenblatt Securities Inc.    
New York +1 212 607 3100    

TRADING TALK
Rosenblatt's Monthly ETP Review: November

Notable ETP News

Virtu Sees Human Error Hampering Part of the ETF Market
—Bloomberg News

Virtu Financial Inc., one of the world’s top electronic traders, said U.S. regulators need to stamp out the risk of human error in a key segment of the stock market. The mechanism for creating and turning over shares of exchange-traded funds needs more automation, Virtu told the Securities and Exchange Commission in a letter. ETFs play an increasingly central role in U.S. stock trading. The haywire session on Aug. 24, 2015, illustrated that when problems crop up with the funds, they can roil the entire market. Since then, exchanges have tightened rules to ward off similar disruptions to the $2 trillion ETF business.

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