FT Alphaville has been keeping tabs on the odd goings-on in Japan-related ETFs recently. And we’ve got another issue to add to our bundle of concerns…
… It’s just how difficult trading in some ETFs has proven to be during the crisis.
As evidence, we cite the latest piece from Paul Amery over at Index Universe. He’s done a sterling job looking at the degree to which bid-ask spreads blew out in certain products and to what degree some market makers shockingly bowed out from quoting and trading the products last week completely (à la echoes of the flash crash).
Take Lyxor’s Japan Topix ETF, the LTPX.
No comments:
Post a Comment