Global Macro-Contrarian Says: Laundry List for Long European Equities

MarketsMuse Global Macro curators always look for substantive and objective observations from outlets that are truly substantial within the context of presenting thoughts and comments from experts followed by the most discerning investors. With that in mind, we salute the folks at UK-based Substantive Research for this morning’s note, which includes the following kudos to […] Read More

16 September, 2015

Robo Adviser Beat:Betterment Claims Better ETF Construct for 401ks

MarketsMuse curators note that “there is always a better way, until its not better. ..”But that isn’t stopping Betterment LLC, the startup robo-adviser that claims to offer a solution for investors who seek an automated approach to stuff ETFs into their401k portfolios. Betterment, a leading robo-adviser, announced last week that it will launch a 401(k) […] Read More

14 September, 2015

Rupert Murdoch Takes On Bloomberg-Symphony Sings

BrokerDealer-Banked Chat Service Symphony Signs Pact to Sing News from Dow Jones and WSJ MarketsMuse Fintech editors are observing Rosh Hashana today, and we thank our friends at BrokerDealer.com blog for the following story..which could set the tone for a slug fest between Rupert Murdoch of News Corp. and Michael Bloomberg, the iconic founder of […] Read More

14 September, 2015

ETF Sec Lending: Red Flags Being Raised

Sec Lending is a big business for Wall Street and through the big banks, institutional investors are lending out more bonds and accepting increasing amounts of non-cash securities — including exchange traded funds — as collateral, according to a recent report spotlighted by MarketsMuse editors courtesy of a.m. story from FT.com. But the practice is […] Read More

14 September, 2015

Investment Grade Credit Spreads Are Saying…MarketsMuse

Most sophisticated investors, whether Tier 1 institutional investment managers, ‘top minds’ across the sell-side, or the truly savvy, self-directed types should all agree that fixed income market signals, and investment grade credit spreads in particular are a prelude to what equities market can expect to happen. Whether the ‘lag time’ is 3 months, 6 months […] Read More

10 September, 2015

Buyside Block Trading Venue Luminex Readies Launch

As if there were not enough electronic trading platforms,  the buyside remains determined to have their own equities trading platform open only to buy-side block trading peers. MarketsMuse Tech Talk Editors tip our hats to FierceFinanceIT.com  for the following update re  Luminex Trading & Analytics, the ATS block trading venue backed by a consortium of […] Read More

10 September, 2015

Leveraged ETF, ETP and Risk-Parity Schemes: Caveat Emptor

In the wake of recent weeks’ volatility and pricing dislocations across the exchanged-traded product space, news media and Mutual Fund marketers are having a field day putting the feet to the fire–and those toes being torched are connected to the universe of juiced-up and levered ETF and ETN products, as well as hedge funds that […] Read More

9 September, 2015

Oh My! RIAs: Forbes Advisor Playbook iConference-Sep 17-CE and…

For RIAs who want to be smarter (and at the same time, earn CFP and CE credits, MarketsMuse points you to the Sept 17, Forbes Advisor Playbook iConference. Why? Well for one, Shark Tank shark extraordinaire Kevin O’Reilly a newbie ETF Issuer of exchanged-traded funds firm “O’Shares”  (whose first product is OUSA) will be a […] Read More

9 September, 2015

FinTech Dept: Banks Embrace Bitcoin’s Blockchain

It doesn’t take a “markets muse” who speaks in tech talk to know that Fintech is not only fashionable, its now mainstream. And, whilst the early “jibber jabber” surrounding Bitcoin was fodder for Wall Street naysayers, including JPM’s Jamie Dimon, “the worm has turned” according to NYT columnist Nathaniel Popper, a bitcoin expert and the […] Read More

8 September, 2015

Rule 48, ETF Dislocation: BATS CEO Says “No Humans…

When ETFs were first launched in 1993, the ‘framers’ might not have fully appreciated what would happen to the respective ETF cash index in the event of a lopsided market opening when the underlying constituents had not yet opened for trading, despite the easy recall of October 1987.. Since that time, market structure experts and […] Read More

7 September, 2015

Global Macro Rareview: ETF Investors and The Ivy Portfolio

If the second shoe is actually falling as US (and all other) equities markets appear to indicate this morning, MarketsMuse ETF and Global Macro editors were stimulated by having Sight Beyond Sight with this morning’s coffee, courtesy of Rareview Macro’s Neil Azous. Of particular interest, Azous points to Mebane Faber’s The Ivy Portfolio for those […] Read More

1 September, 2015

SunGard ETF Pricing Glitch Update: BNY Has $220bil Headache

As reported earlier this week by MarketsMuse, a “computer glitch” suffered by market data vendor Sungard Systems has left custodian BNY Mellon still scrambling to price Net Asset Value (NAV) for nearly 10% of exchange-traded funds held by customers. Late Wednesday, BNY said 20 mutual fund companies and 26 ETF providers have experienced “some pricing […] Read More

28 August, 2015

ETF Pricing Glitch Rattles BNY; SunGard Software Snafu

When it rains it pours. While many ETF investors have been sucker-punched while trying to execute orders during the past several highly volatile days, MarketsMuse finds that a second shoe dropped Monday on the heads of thousands of BNY Mellon customers thanks to a software snafu attributed to market data vendor SunGard systems. The “computer […] Read More

27 August, 2015

Market Mayhem: A Rare View From Global Macro Guru

One needs to have ‘been there and seen that’ for at least twenty years in order to have been “loaded for bear” in advance of this morning’s equities market rout. At least one of the folks who MarketsMuse has profiled during the past many months meets that profile; and those who have a true global […] Read More

24 August, 2015

Eaton Vance ETMFs Get Boost By RIA Titan Envestnet

MarketsMuse blog update is courtesy of BrokerDealer.com and initial reporting by InvestmentNews.com and profiles the deal between RIA titan Envestnet and mutual fund king Eaton Vance, which is now approved to promote its novel, actively-managed ETF product “NextShares.” NextShares are exchange-traded funds that are both actively managed and unlike any other ETF product, does not […] Read More

19 August, 2015

Into Africa: Exchanges To Cross-List Local ETFs

When investors think about ETFs, most are focused on the nearly 2000 products that trade within US markets and leading countries in the EU; few realize that Africa is no longer just a ‘Frontier Market’, and some go as far to argue that Africa (once again?) represents a burgeoning investment marketplace. Aside from various market […] Read More

18 August, 2015

Trading Ahead: Dark Pool Operator ITG Gives Itself Best…

According to the BrokerDealer.com blog, MarketsMuse reports that “dark pool” operator ITG and its agency-only, best-ex, ‘conflict free’ brokerdealer affiliate AlterNet Securities appear to have been providing themselves with best-ex by capturing order information from ITG institutional customers and for that, they will pay  a record SEC fine of $20.3 million to settle charges that […] Read More

12 August, 2015

Up at BATS: Another Edge; EDGX Options Exchange Approved

MarketsMuse Strike Price section spots news that BATS Global has received approval from the Securities and Exchange Commission to open its second options trading venue, EDGX Options. Launch of the EDGX Options system is tentatively set for Monday, November 2, BATS said. The actual SEC Approval Order from the SEC can be found here. As […] Read More

10 August, 2015