Nasdaq to focus on ETFs with Philadelphia exchange

The exchange operator plans to change the structure of PSX, its smallest trading venue by volume, to focus on exchange-traded products

Nasdaq OMX Group is seeking to bolster its status in the increasingly important arena of exchange-traded funds, dedicating one exchange solely to trading ETFs and similar products.

The exchange operator plans to change the structure of PSX, its smallest trading venue by volume, to focus on exchange-traded products, according to a filing submitted to regulators Friday and reviewed by The Wall Street Journal.

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