Trading ETFs in the Secondary Market [ANALYSIS]

Trading ETFs in the Secondary Market by Wesley R. Gray, Ph.D., Alpha Architect

Our mission is to empower investors through education. So train yourself well, in order to think critically about your own financial situation. An educated investor can defend against the financial services industry, which is a marketing juggernaut, and doesn't always have your best interest in mind.

The focus for today is understanding how markets are made in ETFs. As it turns out, market making for ETFs differs in some fundamental ways from the type of market making associated with other listed securities.

We recently had a great interview with Chris Hempstead, a big shot over at KCG, one of the largest ETF market makers in...