1. BlackRock, State Street Target Invesco's QQQ ETF Crown as Nasdaq Loosens Index Licensing
A foundational rule in the $1.7 trillion ETF market is being rewritten, setting the stage for a direct assault on Invesco's most lucrative franchise. Nasdaq has quietly amended its licensing agreement for the Nasdaq-100 Index, removing a long-standing exclusivity clause that had granted Invesco sole rights to launch ET...