Nasdaq to launch new ETF market

The Nasdaq of course latched onto the exchange-traded fund bandwagon fairly early, the QQQ remains a big seller. It currently accounts for more than half of all ETF trading volume. To grow its position, the exchange is launching a new service for ETFs and index-linked notes, according to Financial News Online. The goal is to provide a venue for new ETFs that do not have the massive volumes of the likes of the QQQ. ETFs continue to proliferate--Nasdaq estimates there are up to 300 new ETFs in the wings--but the newer products are fairly niche oriented. They need some incubation and would likely be attracted to venues set up to handle really low volumes. The service will offer liquidity providers that will support funds early on.  

For more:
- here's the article from Financial News Online