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NYSE successfully petitions to simplify process for actively managed ETFs

First Published 25th July 2016

New York - The New York Stock Exchange has announced receipt of Securities and Exchange Commission (SEC) approval to streamline the listing process for certain actively managed ETFs.

Since 2000, NYSE has worked collaboratively with the industry and the SEC to simplify the listing process for issuers. Effective immediately, many actively managed funds will be able to list new ETF products without a separate filing with the SEC under SEC Rule 19b-4, a process that can create uncertainty for the issuer. This change will align the launch process for index-based and actively managed ETFs.

NYSE Arca currently lists 1,571 ETPs from over 70 issuers, which includes 103 actively managed funds, and is the leading exchange in both assets under management (AUM), number of listed ETPs, and ETP traded volume.