Le groupe européano-américain NASDAQ OMX, propriétaire du NASDAQ depuis 2008, a publié un communiqué de presse dans lequel il annonce la mise en place de son programme visant à améliorer la qualité de la cotation sur le marché des ETF.
"Ce programme de qualité incitative sur le marché est une étape importante dans l'évolution du système de marchés de capitaux américains" a déclaré Eric Noll, vice-président exécutif du département Transaction États-Unis et Royaume-Uni de NASDAQ OMX.
"Le MQP permettra d'améliorer la liquidité et l'exposition pour les produits négociés en bourse (ETP), et attirera de nouveaux investisseurs sur les marchés financiers".
Ce programme devrait être lancé au second trimestre 2013.
The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced that the Market Quality Program (MQP) will launch in the second quarter of 2013. MQP is an optional listing program that allows exchange traded fund (ETF) issuers to contribute funds to the Exchange that may be used to pay market makers that improve the liquidity and quality of the markets in MQP products. This groundbreaking liquidity and market quality incentive program in the U.S. will be available only on The NASDAQ Stock Market, the largest and most liquid cash equities market on the planet, and has been approved by the Securities and Exchange Commission on a pilot basis.
Recognizing a need for liquidity in ETFs, NASDAQ OMX designed the MQP to broaden the pool of ETF liquidity providers, encourage competitive trading and enhance the quality of the markets in exchange traded funds by tightening quote spreads, increasing depth of liquidity and reducing execution costs for investors. Issuers that list new or existing ETFs in the MQP will benefit from a broader pool of liquidity providers, which offers investors decreased trading costs and certainty of execution. Market makers will benefit from the program's quarterly rebate payments in exchange for a demonstrated commitment to enhance the quality of the markets in registered ETFs.
"This market quality incentive program, which is similar to non-U.S. paid for market making programs around the globe, is an important step in the evolution of our U.S. capital markets system," said Eric Noll, Executive Vice President of Transaction Services U.S. and U.K. at NASDAQ OMX. "The MQP will enhance liquidity and exposure for exchange traded products (ETPs), attract investors in the capital markets to stimulate growth in these products, generate interest from a broader range of market participants and benefit investors by reducing execution costs and narrowing bid/ask spreads."
He added, "The MQP is a key piece of our larger strategy to better serve the ETP industry with market quality incentive programs, ETP-specific functionality and a platform built to be the preeminent ETP trading destination."
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