提升交易效率 月内40余只基金新增流动性服务商

Core Viewpoint - The continuous development of the public fund market, especially ETFs, has made liquidity services a core aspect of refined fund operations, with over 40 products recently adding liquidity service providers to enhance trading efficiency and stability [1][3]. Group 1: Liquidity Service Providers - More than ten public fund institutions have announced the addition of liquidity service providers for their products since September, including several ETFs [1]. - Tianhong Fund has added ten companies as liquidity service providers for its newly launched Sci-Tech Bond ETF to ensure stable operation [2]. - The introduction of multiple liquidity service providers for new funds aims to build a robust trading support system, preventing significant price fluctuations due to low liquidity [3]. Group 2: Market Expansion and Efficiency - The expansion of the ETF market necessitates the introduction of new service providers to enhance trading efficiency and execution quality [4]. - Increased liquidity service providers can effectively narrow the bid-ask spread in the secondary market, reducing immediate trading costs for investors and facilitating smoother transactions [4]. - A positive cycle is anticipated where improved liquidity attracts more investors, further enhancing liquidity [4]. Group 3: Selection Criteria for Liquidity Providers - The expansion of liquidity service providers requires a strict selection and evaluation mechanism by fund managers [5]. - Fund companies assess liquidity providers based on three main criteria: quoting ability, capacity to narrow bid-ask spreads, and the stability and security of trading systems [5]. Group 4: Overall Impact on the Industry - The addition of liquidity service providers is seen as an effective measure for public funds to optimize services and improve efficiency, potentially leading to a more refined industry ecosystem [7].