OhNoNotimAgain wrote:The clue is in the name.
An ETF is just an open ended fund you can trade on a secondary market.
Unlike an OEIC where you invest directly in or out of the fund, usually once a day, an ETF trader has to find a counter-party.
No he doesn't. The LSE doesn't operate a matched-bargain system, it works on a system of market makers, who are obliged to buy/sell even if they don't have someone else to immediately sell/buy onto/from. An ETF trader doesn't have to "find" anyone, the market maker provides the liquidity.