Flirting with Models cover image

Devin Anderson – Strategy versus Structure in Tail Hedging (S6E14)

Flirting with Models

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How to Make a Market on an ETF

A 40-act registration is just basically an open-ended issuance where the mutual fund company every day creates or redeems units directly themselves. They're essentially the gateway to creation and redemption. But now that these things have been created, they can be traded on an exchange directly between investors. Which means that market makers, either electronic market makers or high touch liquidity providers must make markets on those ETFs.

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