Exchanges and Finra have adopted rule changes which lift restrictions on position limits on options on the SPDR S&P 500 ETF (SPY). In 2012, NYSE Amex Options was the first exchange to file for and receive approval to eliminate position and exercise limits for SPY options. Subsequently, other exchanges and…Read More
NEW YORK, Jan. 8, 2014 (GLOBE NEWSWIRE) -- WallachBeth Capital, a leading provider of institutional execution services, announced today that ETF industry veteran trader Mohit "Mo" Bajaj has joined WallachBeth in the newly created role of Director, ETF and Portfolio Trading Services. [caption id="attachment_1711" align="alignleft" width="155"] Mohit "Mo" Bajaj, WallachBeth…Read More
Courtesy of Dennis Hudacheck, Index Universe WisdomTree’s new long-dollar currency ETF is truly one for the ages, literally. I’ve long felt that we’ve needed an alternative to the decades-old US Dollar Index, which was created back in 1973. So how does the WisdomTree Bloomberg US Dollar Bullish Fund (USDU) differ…Read More
Courtesy of 12.26.13 CNBC interview with Andrew McOrmond, Managing Director/WallachBeth Capital [youtube=http://www.youtube.com/watch?v=N6xlH1rTr30&w=420&h=315]Read More
Courtesy of Katie Spence Robots take over ETFs Right now, Robo-Stox is the only ETF that's focused solely on robotics and automation-related companies. And while you do have to pay a management fee, it's currently priced at 0.95%, which basically means you'll pay $9.50 a year for every $1,000 invested.…Read More
Courtesy of ETF Strategy "..MTS, one of Europe’s largest electronic fixed income trading venues, is to launch request-for-quote (RFQ) trading for exchange-traded funds (ETFs) via its multi-dealer-to-client MTS BondVision platform. The new service will offer liquidity providers access to a diverse community of global institutional investors. The platform will…Read More
Courtesy of Wall Street Letter reporter Sean Creamer Institutional brokerage WallachBeth Capital LLC will expand its staff to bolster electronic trading across exchange-traded funds and options over the next two years, according to Michael Wallach, CEO. The agency broker-dealer aims to bring on 15-20 people, some of whom may…Read More
Excerpt from Nov 22 edition of Rareview Macro's "Sight Beyond Sight" morning commentary; courtesy of macro market trading expert Neil Azous.. At a micro level in the US, all one has to do is look at the iShares U.S. Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB) to…Read More
Courtesy of RIABiz and reporter Lisa Shidler MarketsMuse Editor Note: Kudos to Lisa "Lois Lane" Shidler for her insightful expose profiling how custodians to RIAs excel at squeezing lemons from customers who they must think are lemmings. Though Ms. Schilder neglected to spotlight the fact that custodians systematically sell…Read More
Courtesy of WallStreet Cheat Sheet Warren Buffett is one of the most successful investors in history. The chief executive officer and largestshareholder of Berkshire Hathaway (NYSE:BRKA) has navigated numerous bull and bear markets, becoming a multi-billionaire in the process. As a result, he is also one of the most closely followed investors. Courtesy…Read More
Courtesy of Hung Tran/IndexUniverse MarketsMuse editor: In the category of "what will they think of next?" A new index tracking the success of billionaire investors went live today, and a related “Billionaire ETF”—perhaps a bit like the Global X Guru ETF (GURU | C-48)—appears to be in the works as…Read More
Courtesy of Paul Amery, IndexUniverse.com Hedge funds and index trackers are polar opposites: the highest- and lowest-fee ends of the investment product scale. And yet a surprising number of hedge funders are fans of indexing. Reportedly, many are closet admirers, buying ETFs and index funds for their own portfolios—as…Read More
One of the best video elements for sophisticated investment managers [and all others] seeking expert insight re ETF portfolio management. Interview below with one of the global ETF market's most recognized trade execution experts is courtesy of financial industry publisher and conference producer MarketsMedia. Many thanks to them for making…Read More
Below excerpt courtesy of Oct 24 IndexUniverse column re: The Renaissance IPO ETF, the newest entrance to the ETF market place, and tracks a market-cap-weighted index of recent US-listed IPOs. The fund acquires issues within 90 days or sooner after IPO and sells after 2 years. "..The reason it (IPO)…Read More
While the global market heaved a sigh of relief last week with the U.S. risks temporarily averted, China has become a flashpoint where events could either promote global stability or push other markets into a crisis. Fears of a cash crunch have surfaced once again in the world's second largest…Read More
Fidelity Investments, the second-biggest mutual-fund provider, plans to open the cheapest lineup of single-industry exchange-traded funds as it seeks to break into a market dominated by Vanguard Group Inc. and BlackRock Inc. (BLK:US) Fidelity on Oct. 24 will start 10 funds, focused on industries ranging from energy to telecommunications, with…Read More
Courtesy of Brendan Conway A new exchange-traded fund that invests in newly public companies isn't as speculative at it seems at first glance. Almost every day, I get word of a shiny new exchange-traded fund for some ephemeral trend or market sliver. So when news of an ETF of…Read More
Courtesy of TradersMagazine Women Trailblazers, Entrepreneurs, Mentors, Rising Stars and Others Honored for Their Achievements October 17, 2013 – Trading is and always has been a man's world. But there are exceptions to every rule. Women in trading have made their imprint on an industry that has not always been…Read More