There is nothing like a market induced shake-up. This past week reminded me of all the trading floor jargon of my Salomon Brothers days on the 37th floor of 7WTC.

`Bleeding`

`Catching falling knives`

`Close the book`

It also reminded me of the Betterment/Brexit incident in July 2016! When the unexpected election results hit the market, ETFs became illiquid and mispriced. Betterment suspended trading for retail on that Friday of the Brexit results for almost 3 hours. Read more details here.

ETFs are the bread and butter of all robo-advisors. Both standalone fintechs and incumbents use these efficient wrappers to create their portfolios.

Today I take a look at how the ETF market fared during last week`s sizable downturn.

Eric Balchunas, was reported that history was made on Feb 28th, with the $SPY ETF becoming the first security to ever trade in one single day, over $100billion!

Read more here

Originally posted by:

Efi Pylarinou

www.dailyfintech.com

March 3rd, 2020