By Trevor Hunnicutt
NEW YORK (Reuters) – BlackRock Inc
The world’s largest asset manager and issuer of ETFs will move 30 of its iShares-brand ETFs to CBOE Holdings Inc’s
Intercontinental Exchange Inc’s
NYSE has faced scrutiny for technical glitches affecting ETFs, including a March issue that prevented some ETFs from completing an auction at the end of the day.
In a statement, Samara Cohen, Americas Head of iShares Capital Markets at BlackRock, said “a thriving market for ETFs requires a robust, resilient ecosystem, with multiple participants committed to continuous innovation and improving the client experience.”
A NYSE spokeswoman declined to comment.
ETFs are absorbing an increasing share of market activity, and listing them is valuable to exchanges hoping to win more trading volume and also sell data. More value is exchanged each day in the top ETFs like the SPDR S&P 500 ETF
(Reporting by Trevor Hunnicutt)