Everything you need to know about the ETF trading ecosystem, from navigating the market to finding an optimal way to trade ETFs.
The ETF Capital Markets team oversees the ETF trading ecosystem and manages relationships with ETF traders, authorised participants, market makers, exchanges, platforms, and broker-dealers.
The team offers:
Liquidity connections
Connecting investors with liquidity providers including market makers, broker dealers and authorised participants.
Indicative transaction costs
Providing investors with insights on trading strategies and associated costs.
Product expertise
Helping investors gain insights on ETF liquidity, trading costs, primary and secondary market trading processes.
The team is dedicated to assisting institutional investors and financial advisers who are:
Understanding the ETF Liquidity Ecosystem
ETFs offer investors multiple layers of liquidity. Want to know why? Explore the mechanics of ETF trading and key participants’ roles within the ETF ecosystem.
SPDR ETFs have a panel of participating dealers with the capacity and authority to create and redeem ETF units in the primary market. In the secondary market, SPDR ETFs are also supported by market makers who provide liquidity on the relevant stock exchange.
Last Update: 20 October 2025.
This list of market makers and participating dealers is provided for information purposes only and is subject to change from time to time.
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