Goldman Sachs is scaling back market-making for exchange-traded funds

This will not make it easier to maintain orderly markets if and when the tide turns and markets enter a bear market. Markets move faster on the downside and panic is never far away then, even more so now that global markets are linked by ultra-fast communication and the crowd/herd effect can accerate trends.
Goldman Sachs is scaling back its role as a lead market maker for exchange-traded funds