ETP-3-trillion-dollar industry

ETF and ETP: Now a $3 Trillion Industry

Back in the day, when “trillion dollar” was a phrase not even contemplated by film writers, and barely envisioned by financial industry wonks (other than in context of US government deficit), and when even being a billionaire was limited to a universe of less than two dozen people, (e.g. Warren Buffett and Bill Gates 25 […] Read More

14 April, 2016
china-etf-fxi-rareview-macro-neil-azous-marketsmuse

Global Macro Gut Trade: China ETF

For those following global macro think tank Rareview Macro’s “Sight Beyond Sight”, you already know that the firm’s chief strategist Neil Azous is on a roll and the firm’s model portfolio is outpacing many who have an ax in global macro style investing. Today’s edition of the firm’s commentary caught the attention of MarketsMuse curators […] Read More

13 April, 2016
nyse-sharp-elbows-iex-marketsmuse

NYSE Uses Sharp Elbows to Box Out IEX; Hijacks…

The electronic exchange playing field is not for boy scouts. All is fair in love and war. That’s the message NYSE is sending to upstart “Investors Exchange” aka IEX, as the world’s most formidable financial market trading platform is simultaneously lobbying SEC regulators to block IEX’s application to be designated as a full blown exchange […] Read More

11 April, 2016
esg-investments-marketsmuse

Fintech 201: ESG Investing with Algos

If you are into fintech, that means you ‘get the joke’ when it comes to using algorithms aka “algos” and for institutional investors having an ax with regard to environmental, social and governance factors (commonly known as ESG investing), Arabesque Partners, a new player in the fund management space might have a solution for you. […] Read More

10 April, 2016
equity-options-v-credit-default-swaps

Experts Eye Equity Options v Credit-Default Swaps

Violent price swings across financial markets this year have forced corporate bond investors to re-evaluate their portfolio allocations, and subsequently, their hedging strategies. Diminishing liquidity in credit-default swaps has led many traders to delve into equity options. (TABB Group) by columnist Callie Bost– Imagine you’re a corporate-bond trader and the world is falling apart around […] Read More

8 April, 2016
toyota-debt-deal-minority-brokerdealer

Corporate Debt Watch: Toyota Landmark Deal

On the heels of this past week’s near record-breaking investment grade corporate debt issuance courtesy of multiple Fortune companies who are seizing the moment insofar as the current low rate regime, Toyota Motor Credit Corp (TMCC), the financing arm of the world’s largest car maker did something different yesterday in the course of floating a […] Read More

6 April, 2016
BNP-PARIBAS-FINTECH-BLOCKCHAIN-CROWDFUNDING

BNP Paribas Gets Blockchain for Crowdfunding

(RaiseMoney.com)-French broker-dealer BNP Paribas “gets the joke” when it comes to fintech applications for equity crowdfunding and is embracing blockchain technology to advance their vision. A subsidiary of BNP Paribas Group has announced a partnership that will find it leveraging blockchain technology to enable private companies to issue securities via equity crowdfunding.Revealed today, the partnership finds […] Read More

5 April, 2016
BATS-global-IPO-marketsmuse

BATS Takes 2nd Stab at IPO

The second time is hoping to be a charm for exchange operator BATS Global Markets as it announced a 2nd stab at an IPO, which will be led by Morgan Stanley and Citi and enable an exit for investors that include BAML and Knight Capital. Bats Global Markets announced the launch of its initial public […] Read More

5 April, 2016
canadian-exchanges-ETF

Canadian Exchanges Face-Off Over ETF Listings

Last week, Canadian upstart exchange Aequitas NEO announced its first ETF listing, and in response to that PR promotion, Toronto Stock Exchange (TSX), a subsidiary of TMX Group fired back with a slapshot, thanks to TD Asset Management (TDAM) listing and launching six new ETFs. (TradersMagazine) Executives from TD Asset Management opened trading of its […] Read More

4 April, 2016
aequitas-neo-exchange

ETF Momentum for Canada Exchange Aequitas NEO

(TradersMagazine) The TSX is getting a run for its money. This week the Aequitas NEO Exchange (which only launched one year ago) signed its first listed security. Invesco Canada’s PowerShares DWA Global Momentum Index ETF, trading under the ticker DWG, took that honor and is also the first ETF listed on a Canadian exchange other […] Read More

1 April, 2016
blythe-masters-bitcoin-blockchain

Blockchain Babe Blythe Masters in Repo Deal with DTCC

Blythe Masters, the former grand dame of derivatives for investment bank JP Morgan, who after a less-than-glorious exit from her senior role overseeing credit derivatives for House of Morgan and who reinvented herself as a blockchain babe and leads digital ledger startup Digital Asset Holdings, has proven that every cute cat has nine lives. In […] Read More

30 March, 2016
bats-global-etf-

BATS Global is Batty About ETFs-Buys ETF.com

While many people are “koo-koo for Cocoa Puffs”, BATS Global is batty about ETFs. On the heels of launching a dedicated electronic exchange platform for ETF products dubbed BATS Marketplace,  BATS Global Markets announced yesterday that is even more batty about ETFs and to prove it, the exchange operator is acquiring the ETF industry’s leading […] Read More

30 March, 2016
best-execution

Best Execution Wack-A-Mole Aims at Wholesalers

When it comes to gauging best execution, that exercise is akin to a game of whack-a-mole when calculating in the role of wholesalers aka over-the-counter market-makers whose business model includes leveraging maker-taker rebate schemes. MarketsMuse credits below excerpted observations from TabbForum and courtesy of Stanislav Dolgopolov, Decimus Capital Markets, LLC (TabbForum) Compliance with the duty […] Read More

29 March, 2016
nasdaq-buys-ise

NASDAQ To Buy ISE Options Mart

(Bloomberg)-In what merger-arbitrage experts might call a ‘take-under’, Nasdaq Inc. is paying less than half the price for what ISE traded for in its last price setting after it agreed to buy Deutsche Boerse AG’s International Securities Exchange for $1.1 billion, catapulting it to the top of the U.S. options market.The transaction could also help […] Read More

10 March, 2016
fear-index-bats-global-SPYIX

I’m Afraid There Is a New Fear Index

Exchanges Battle Each Other to Create Competing Fear Index Products, out of fear of losing market share. Another index product to “measure” investors’ fear?? Are they bats?! As MarketsMuse Chief Curator says, “Yes, Matilda, I’m afraid to say there is yet another new fear index” intended to compete with the now famous VIX product. Dubbed […] Read More

8 March, 2016
blackrock-botch-gold-etf-iau

BlackRock Botches Gold ETF; IOU for IAU

Administrative oversight left BlackRock unable to meet demand for its Gold ETF, IAU; Suspends New Issuance. (WSJ) –BlackRock Inc. said it suspended the issuance of new shares in IAU, its roughly $7.7 billion gold exchange-traded product due to an administrative oversight, in the latest bruise for the exchange-traded-fund industry and its largest provider. Analysts said the move […] Read More

5 March, 2016
bny-mellon-mischler

World’s Biggest Bank Gets It; Gives It Back

BNY Mellon ‘Gets It’ and Also Gives It Back. With close-on $29Trillion in deposits and $1.3Trillion in AUM, BNY Mellon (NYSE:BK), the oldest bank in the U.S. is not just the country’s biggest, it ranks as one of the world’s biggest banks. Hundreds of financial industry professionals now working across the financial markets ecosystem are […] Read More

4 March, 2016
rebate-schemes-market-structure-marketsmuse

Pay-to-Play Rebate Schemes Confuse Smartest Traders

Within the context of market structure, the ever-evolving rules of the road for those attempting to navigate how and where to secure best pricing when executing equities orders has become so convoluted thanks to pay-to-play rebate schemes, its not only the curators at MarketsMuse who are scratching their heads, even the most sophisticated traders from […] Read More

2 March, 2016