{"url":"https://etfiq.com/trading/lead-market-makers/dv-equities/","section":"trading","title":"DV Equities: ETF Lead Market Maker (LMM) | ETFIQ","description":"DV Equities is the lead market maker (LMM) for 4 US ETFs, per NYSE Arca and Nasdaq, as of Oct 23, 2026. Credited to each exchange.","as_of":"Oct 23, 2026","structured_data":[{"@type":"Corporation","name":"DV Equities","url":"https://etfiq.com/trading/lead-market-makers/dv-equities/"},{"@type":"ItemList","name":"ETFs DV Equities is the lead market maker for","numberOfItems":4,"itemListOrder":"https://schema.org/ItemListUnordered","itemListElement":[{"@type":"ListItem","name":"KAIT","url":"https://etfiq.com/funds/kait"},{"@type":"ListItem","name":"AIPO","url":"https://etfiq.com/funds/aipo"},{"@type":"ListItem","name":"CNQQ","url":"https://etfiq.com/funds/cnqq"},{"@type":"ListItem","name":"TGRZ","url":"https://etfiq.com/funds/tgrz"}]},{"@type":"DefinedTerm","name":"lead market maker","alternateName":["LMM"],"description":"The market maker a listing exchange assigns to an ETF to keep a bid and an ask on the exchange through the trading day, under that exchange\u2019s quoting rules.","inDefinedTermSet":"https://etfiq.com/methodology/authorized-participants#glossary"},{"@type":"FAQPage","mainEntity":[{"@type":"Question","name":"Is DV Equities a lead market maker (LMM)?","acceptedAnswer":{"@type":"Answer","text":"Yes. DV Equities is the lead market maker (LMM) for 4 US ETFs on the lists NYSE Arca and Nasdaq publish. Lead market maker per NYSE Arca and Nasdaq, as of Oct 23, 2026."}}]},{"@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"name":"ETFIQ","item":"https://etfiq.com/"},{"@type":"ListItem","position":2,"name":"Lead market makers","item":"https://etfiq.com/trading/lead-market-makers/"},{"@type":"ListItem","position":3,"name":"DV Equities","item":"https://etfiq.com/trading/lead-market-makers/dv-equities/"}]},{"@type":"WebPage","name":"DV Equities: ETF Lead Market Maker (LMM)","description":"DV Equities is the lead market maker (LMM) for 4 US ETFs, per NYSE Arca and Nasdaq, as of Oct 23, 2026. Credited to each exchange.","url":"https://etfiq.com/trading/lead-market-makers/dv-equities/","dateModified":"2026-09-23","isPartOf":{"@type":"WebSite","name":"ETFIQ","url":"https://etfiq.com"},"speakable":{"@type":"SpeakableSpecification","cssSelector":[".lede",".faq"]},"publisher":{"@id":"https://etfiq.com/#org"}}],"characters":3032,"truncated":false,"content":"ETFIQ / Lead market makers / DV Equities \n \n As of Oct 23, 2026 . From each listing exchange\u2019s own list.\n DV Equities\n DV Equities is the lead market maker (LMM) for 4 US ETFs: 1 on NYSE Arca, 3 on Nasdaq. Lead market maker per NYSE Arca and Nasdaq, as of Oct 23, 2026.\n The ETFs DV Equities is the lead market maker for, by exchange. Lead market maker per NYSE Arca and Nasdaq, as of Oct 23, 2026. Ticker Fund Category Exchange Credit \n KAIT KraneShares Asia AI Technology ETF Themes NYSE Arca Lead market maker per NYSE Arca, as of Oct 23, 2026 \n AIPO Defiance AI & Power Infrastructure ETF Themes Nasdaq Lead market maker per Nasdaq, as of Oct 23, 2026 \n CNQQ Rayliant-ChinaAMC Transformative China Tech ETF International stocks Nasdaq Lead market maker per Nasdaq, as of Oct 23, 2026 \n TGRZ China AI Tigers LLM ETF Themes Nasdaq Lead market maker per Nasdaq, as of Oct 23, 2026 \n \n Questions people ask\n Is DV Equities a lead market maker (LMM)? Yes. DV Equities is the lead market maker (LMM) for 4 US ETFs on the lists NYSE Arca and Nasdaq publish. Lead market maker per NYSE Arca and Nasdaq, as of Oct 23, 2026. Method\n Each row is one ETF on one listing exchange\u2019s own list of the market makers it assigns: NYSE Arca\u2019s list of its listed ETPs and their lead market makers, Cboe BZX\u2019s LMM Securities list and Nasdaq\u2019s ETF definitions, where the role is called Designated Liquidity Provider (a Market Quality Supporter is not counted). ETFIQ reads each list once a week as ETFIQ, credits it to its exchange beside every figure, and keeps only the ETFs it covers. A firm is joined to its authorized participant page only where its name is, letter for letter, a broker-dealer\u2019s registered name on the SEC\u2019s list and that registration is the AP firm\u2019s. An exchange that refuses the read shows as not published, with the day.\n Where to next\n Every ETF lead market maker (LMM) Every ETF authorized participant (AP) What an AP and an LMM are The open data file Where these figures came from\n NYSE Arca: its list of lead market makers Cboe BZX: its list of lead market makers Nasdaq: its list of lead market makers ETFIQ links to the documents behind every figure; a link is not an endorsement.\n A list of firms is not a rating or a recommendation. ETFIQ is an independent publisher, not an adviser. Standards and sources \n Cite this page. ETFIQ, DV Equities as an ETF lead market maker, data as of Oct 23, 2026. https://etfiq.com/trading/lead-market-makers/dv-equities/ Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms. The underlying files are at Open data .\n Other forms Plain ETFIQ, DV Equities as an ETF lead market maker, data as of Oct 23, 2026. https://etfiq.com/trading/lead-market-makers/dv-equities/ APA ETFIQ. (Oct 23, 2026). DV Equities as an ETF lead market maker. Retrieved from https://etfiq.com/trading/lead-market-makers/dv-equities/ Markdown [DV Equities as an ETF lead market maker (ETFIQ, Oct 23, 2026)](https://etfiq.com/trading/lead-market-makers/dv-equities/)","source":"ETFIQ, independent ETF data. Recomputed nightly from public filings and prices.","publisher":{"@id":"https://etfiq.com/#org","name":"ETFIQ","url":"https://etfiq.com"},"license":"https://etfiq.com/license/","license_text":"Figures ETFIQ computes are free to use with attribution: ETFIQ (etfiq.com). Issuer data stays under its owner's terms.","citation":"ETFIQ, DV Equities as an ETF lead market maker, data as of Oct 23, 2026. https://etfiq.com/trading/lead-market-makers/dv-equities/"}