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WisdomTree to complete ETF transfer to Arca by end-November

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WisdomTree Trust has announced that it plans to complete the transfer of all of its NYSE-listed exchange-traded funds to the NYSE Arca electronic listing and trading platform before the en

WisdomTree Trust has announced that it plans to complete the transfer of all of its NYSE-listed exchange-traded funds to the NYSE Arca electronic listing and trading platform before the end of this month.

The WisdomTree SmallCap Dividend Fund, WisdomTree LargeCap Dividend Fund, WisdomTree MidCap Dividend Fund, WisdomTree Dividend Top 100 Fund, WisdomTree International Basic Materials Sector Fund, WisdomTree Europe Total Dividend Fund, WisdomTree Europe High-Yielding Equity Fund, and WisdomTree International Consumer Cyclical Sector Fund will all transfer to Arca before the opening of trading on Wednesday, November 28.

The move follows the decision by the NYSE Group that the Arca platform, which uses dedicated liquidity providers in the form of lead market-makers, represents the most efficient and industry-preferred market structure for listing and trading of ETFs.

This model, which requires market-makers to maintain certain performance obligations for all Arca-listed securities, is designed to offer investors and issuers consistent liquidity and reduced volatility, NYSE Group says, arguing that offering a single harmonised platform for listing and trading ETFs will further improve efficiency and market quality.

NYSE Arca is the single largest public liquidity pool for ETFs in the US. So far this year, the platform has handled 42.3 per cent of all ETF shares traded across the country, representing an average daily volume of approximately 216.36 million shares.

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