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There’s A ‘Big Problem’ In Emerging Market Liquidity And Here It Is…
Ok, so I don't think I should have to spend a ton of time making this point again because by now, ev
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The ETF’s face a similar risk to that which destroyed portfolio insurance. NYSE fell so far behind in quoting individual issues that the buy side of the arb in S&P futures could not calculate bid level and thus the sellers overwhelmed the market. Em and HY bond quotes are even more susceptible to disappearing quotes.