| Move is win for Bats Global Markets and New York Stock Exchange, which compete for listing of such funds. The Securities and Exchange Commission moved to expedite the approval of exchange-traded funds run by human stock and bond pickers, a boost for the fast-expanding ETF industry.
The SEC on Friday approved “generic” listing standards for actively managed ETFs, guidelines that aim to cut months off the process of bringing these funds to market...............................................Full Article: Source
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