News

NYSE Arca losing ETFs to rivals

Nasdaq and Bats Global Markets scoop up defectors

NYSE Arca losing ETFs to rivals
Photo: iStockPhoto

The New York Stock Exchange, the leading marketplace for exchange-traded funds, is losing ground to rivals in the fast-growing business.

For the first time in at least five years, NYSE Arca's ETF listings have declined from a year earlier, with more than 30 ETFs defecting this month for Nasdaq Inc. and Bats Global Markets. While NYSE Arca is still the industry leader, with 1,543 listings and $2.3 trillion in assets, the competition is intensifying following high-profile market failures last year and the departure of some of NYSE's top ETF talent.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump