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What kind of reach? Just making a lot of money?From the article, it looks like they make a lot from market making in ETFs and similar. Thats an extremely compet
by bko 2y ago
What kind of reach? Just making a lot of money?From the article, it looks like they make a lot from market making in ETFs and similar. Thats an extremely competitive market that is necessarily a race to the bottom in terms of pricing
- Ntrails 2y ago> From the article, it looks like they make a lot from market making in ETFs and similar. Thats an extremely competitive market that is necessarily a race to the bottom in terms of pricing They are not making their money market making equity etfs afaik, mostly bonds. A slightly different game with a much higher barrier to entry etc