Nasdaq will create a division that will focus solely on exchange-traded funds, The Wall Street Journal reports. One of the key functions of the unit will be to provide liquidity for ETFs with the help of a market makers.

Asked what she thought about the Nasdaq ETF Market, Lisa Dallmer, senior vice president of ETFs and indexes at the New York Stock Exchange, said, “As the largest public liquidity pool for ETFs in the U.S., we believe that our market model has been highly effective in addressing our customers’ needs while complementing our core equities trading business.

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