ETFs 201: ETF UNIVERSITY UGO EGBUNIKE Moderator: UGO EGBUNIKE Credit Trader Millennium Advisors ETFs 201: Trading ETFs Effectively—10 Questions With an Institutional Market Maker Panelist: BILL STUSH Managing Director & Head of Trading Flow Traders U.S. Institutional Trading

ETFs 201 How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 What are the key differences? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 How do you make money for yourself? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 When do you create or redeem new shares? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 How can investors ensure best execution regardless of size? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 Top 3 mistakes to avoid when Trading ETFs? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 How do you trade new ETFs or ETFs with no volume? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 How should investors engage in self-directed trading? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 Will and how can fixed income ETFs blow up? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?

ETFs 201 Should investors worry about another flash crash? How do you make money for clients? What are the key differences? How do you make money for yourself? When do you create or redeem new shares? How can investors ensure best execution regardless of size? Top 3 mistakes to avoid when Trading ETFs? How do you trade new ETFs or ETFs with no volume? How should investors engage in self-directed trading? Will and how can fixed income ETFs blow up? Should investors worry about another flash crash?