Authorized Participants
Financial institutions, which are typically large broker-dealers, who enter into contractual relationships with exchange-traded funds (ETFs) to buy and redeem creation units of ETF shares.
Concept at a glance
Definition and explanation
Financial institutions, which are typically large broker-dealers, who enter into contractual relationships with exchange-traded funds (ETFs) to buy and redeem creation units of ETF shares. [1]
Source-supported connections
Frequently asked questions
What does Authorized Participants mean in the cited reference?
Financial institutions, which are typically large broker-dealers, who enter into contractual relationships with exchange-traded funds (ETFs) to buy and redeem creation units of ETF shares. [1]
Authorized Participants connection map
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Links retain their source-specific meaning. Award-time affiliations and links to related reading are not claims about current appointments or economic causation.
Sources and review dates
Reviewed 23 October 2026. Historical dates and award-time affiliations retain their original context. A review date is not an event date. Background sources are identified separately from official records.