August 2023


Democratizing the Investing Process Through ETFs

State Street Global Advisors President and CEO Yie-Hsin Hung talks with Reggie Browne, Principal at Global Trading Systems (GTS) and ETF innovator, about the role ETFs have had in opening the door to markets that were inaccessible for many investors prior to 1993.

Since opening its doors in 2006, GTS has been shepherding the ETF industry’s development. Through its innovative trading technology and liquidity solutions, GTS has been instrumental in driving the global expansion and adoption of ETFs.

Known by many as the “Godfather of ETFs,” Browne draws on his 30 years of experience as an industry veteran and pioneer to continue bringing the best ideas to the ETF market, with a focus on innovation, transparency, efficiency and liquidity.

Celebrating 30 years of ETF innovation
2023 marks the 30th anniversary of the launch of the industry’s first US-listed exchange-traded fund. Co-created by State Street Global Advisors, the Standard & Poor’s Depositary Receipts – better known as the SPDR® S&P 500® ETF, or SPY – revolutionized index investing, liquidity, asset allocation, intermediary distribution, portfolio construction and overall market access.

Today, among the nearly 12,0001 ETFs in existence, SPY is the largest,2 most liquid3 and most heavily traded4 ETF in the world. Our ETF@30 video series examines the past, present and future of ETFs – and their impact on the world’s financial markets and industries.


Our global ETF business is committed to delivering simple, well-crafted and innovative solutions that can help investors execute on investment strategies, no matter how complex.

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