Finance

The change, the regulator says, will facilitate greater competition and innovation in the ETF marketplace, leading to more choice for investors.

Fee compression and commoditization of investment products over the past decade are threatening already slim margins in asset management.

Since this March, almost 100 firms have settled with the regulator for approximately $173 million. Other cases are still pending.

Among the honors this year by NICSA are awards for operational excellence, and advances in product development and technology.

More than 70% of U.S. ETF assets are in funds that charge 2 basis points or less, data show. But free isn’t an automatic ticket to success.

The asset managers and a U.S. family office collectively bought a 14.4% position in the company ahead of its IPO, a person familiar with the matter says.

The cost savings of peer-to-peer trading could prove appealing in a world where profits are being squeezed by a race to the bottom on fees.

At more than twice the price of the average fund, many with the even biggest gains still underperformed the broader market over the last decade.

Financial market data — unlike photos or road traffic information or chess games — is finite, and the algorithms can learn only from past performance.