Here they go again.
exchange has filed again
with the SEC
for a plan that would pay cash incentives to lead market makers of exchange-traded funds, according to Barron's
The exchange gave up its last attempt in January
notes that some oppose the plan because they feel it would create "artificial liquidity," while supporters say that otherwise viable ETFs get ignored because they started out weak in the opening stretch.
In fact, the NYSE filing shows that there are a large number of ETFs that could use a jumpstart: in the fourth quarter of 2012, there were 609 exchange-traded funds, notes and other similar products traded fewer than 10,000 shares per day (consolidated average daily volume). Thatís about 40% of the entire market (not asset-weighted), according to Barron's
Read more on the proposal in Barron's
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