{"url":"https://etfiq.com/trading/lead-market-makers/hrt/","section":"trading","title":"HRT: ETF Lead Market Maker (LMM) | ETFIQ","description":"HRT is the lead market maker (LMM) for 6 US ETFs, per NYSE Arca, as of Oct 23, 2026. Credited to each exchange.","as_of":"Oct 23, 2026","structured_data":[{"@type":"Corporation","name":"HRT","url":"https://etfiq.com/trading/lead-market-makers/hrt/"},{"@type":"ItemList","name":"ETFs HRT is the lead market maker for","numberOfItems":6,"itemListOrder":"https://schema.org/ItemListUnordered","itemListElement":[{"@type":"ListItem","name":"PST","url":"https://etfiq.com/funds/pst"},{"@type":"ListItem","name":"TBT","url":"https://etfiq.com/funds/tbt"},{"@type":"ListItem","name":"TBX","url":"https://etfiq.com/funds/tbx"},{"@type":"ListItem","name":"TTT","url":"https://etfiq.com/funds/ttt"},{"@type":"ListItem","name":"UBT","url":"https://etfiq.com/funds/ubt"},{"@type":"ListItem","name":"UST","url":"https://etfiq.com/funds/ust"}]},{"@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 HRT a lead market maker (LMM)?","acceptedAnswer":{"@type":"Answer","text":"Yes. HRT is the lead market maker (LMM) for 6 US ETFs on the lists NYSE Arca publish. Lead market maker per NYSE Arca, 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":"HRT","item":"https://etfiq.com/trading/lead-market-makers/hrt/"}]},{"@type":"WebPage","name":"HRT: ETF Lead Market Maker (LMM)","description":"HRT is the lead market maker (LMM) for 6 US ETFs, per NYSE Arca, as of Oct 23, 2026. Credited to each exchange.","url":"https://etfiq.com/trading/lead-market-makers/hrt/","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":3105,"truncated":false,"content":"ETFIQ / Lead market makers / HRT \n \n As of Oct 23, 2026 . From each listing exchange\u2019s own list.\n HRT\n HRT is the lead market maker (LMM) for 6 US ETFs: 6 on NYSE Arca. Lead market maker per NYSE Arca, as of Oct 23, 2026.\n The ETFs HRT is the lead market maker for, by exchange. Lead market maker per NYSE Arca, as of Oct 23, 2026. Ticker Fund Category Exchange Credit \n PST ProShares UltraShort 7-10 Year Treasury Leverage NYSE Arca Lead market maker per NYSE Arca, as of Oct 23, 2026 \n TBT ProShares UltraShort 20+ Year Treasury Leverage NYSE Arca Lead market maker per NYSE Arca, as of Oct 23, 2026 \n TBX ProShares Short 7-10 Year Treasury Leverage NYSE Arca Lead market maker per NYSE Arca, as of Oct 23, 2026 \n TTT ProShares UltraPro Short 20+ Year Treasury Leverage NYSE Arca Lead market maker per NYSE Arca, as of Oct 23, 2026 \n UBT ProShares Ultra 20+ Year Treasury Leverage NYSE Arca Lead market maker per NYSE Arca, as of Oct 23, 2026 \n UST ProShares Ultra 7-10 Year Treasury Leverage NYSE Arca Lead market maker per NYSE Arca, as of Oct 23, 2026 \n \n Questions people ask\n Is HRT a lead market maker (LMM)? Yes. HRT is the lead market maker (LMM) for 6 US ETFs on the lists NYSE Arca publish. Lead market maker per NYSE Arca, 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, HRT as an ETF lead market maker, data as of Oct 23, 2026. https://etfiq.com/trading/lead-market-makers/hrt/ 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, HRT as an ETF lead market maker, data as of Oct 23, 2026. https://etfiq.com/trading/lead-market-makers/hrt/ APA ETFIQ. (Oct 23, 2026). HRT as an ETF lead market maker. Retrieved from https://etfiq.com/trading/lead-market-makers/hrt/ Markdown [HRT as an ETF lead market maker (ETFIQ, Oct 23, 2026)](https://etfiq.com/trading/lead-market-makers/hrt/)","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, HRT as an ETF lead market maker, data as of Oct 23, 2026. https://etfiq.com/trading/lead-market-makers/hrt/"}