Not So Bad After All For Europe ETFs

Courtesy of the ETF Professor at Benzinga.com MarketsMuse extends our warm wishes to all of those celebrating the Jewish New Year and extending  you  “L’Shanah Tovah” Today’s piece from ETF Professor couldn’t be better timed considering the upcoming (Oct 11)  European Investing & Trading Summit at London’s May Fair Hotel with a special ‘carve-out’ focused […] Read More

26 September, 2012

Institutional investors see big tail-risk event ahead

Courtesy of Christine Williamson About three-quarters of executives from a mixed universe of institutional investors think a significant tail-risk event is likely to very likely within the next 12 months, according to a new survey from State Street Global Advisors. Survey respondents — money managers, family offices, consultants and private banks — expect the five […] Read More

25 September, 2012

Options Industry Looks for New Sources of Order Flow-RIAs…

  Courtesy of Peter Chapman With options volume down this year, industry professionals are looking beyond traditional players such as retail investors and hedge funds for growth. “We are strongly focused on the institutional space,” Alan Grigoletto, director of education at the Options Industry Council, said at this year’s joint Futures Industry Association and OIC […] Read More

25 September, 2012

ETFs Overtaking Swaps for Junk-Bond Speculation:

By Mary Childs – Sep 17, 2012 Exchange-traded funds are poised to overtake credit derivatives by year-end as a way to speculate on junk bonds. The value of corporate securities held by the five-largest junk ETFs almost doubled in the past year to a record $31.4 billion, while the net amount of protection bought or […] Read More

17 September, 2012

Virtu Financial Buys Dutch Market-Maker in Push to Provide…

Courtesy of WSJ with reporting by Jenny Strasburg Virtu Financial LLC said it bought a Dutch market-making business, bolstering the U.S. trading firm’s presence in a European exchange-traded-funds market that has emerged as a profitable battleground for high-speed traders. Virtu, one of the most-active traders of stocks, commodities and other securities in the U.S. and […] Read More

14 September, 2012

London’s Oct 11 “Euro Trading Summit” Said To Be…

    Considering the issuance calendar is chock full of interesting, high yield  deals, we’re hearing that tix for the Oct 11 European Trading & Investing Summit at the May Fair Hotel in London are oversubscribed. Then again, when taking a look at the “who’s who” of European PM’s and senior dealing desk traders that will […] Read More

12 September, 2012

2012 Equity Options Conference-Industry Elite To Attend Sep 12-13

For those institutional fund managers, hedge fund traders and anyone else that’s tired of watching the volatility shrink,  the Futures Industry Association is joining with the Options Industry Council to host a special conference this week (Sept 12 & 13th) at the New York Marriott Marquis. However dry these programs tend to be, we’re actually […] Read More

12 September, 2012

Citi Launches Intelligent Options Algorithms

  Citi has added intelligent options algorithms for U.S. equity options to its suite of advanced electronic trading strategies. The algorithms are intended to provide traders with speed, liquidity and the desired degree of exposure, using Citi’s proprietary smart routing logic, which provides liquidity and price improvement while avoiding information leakage. “The intended users of […] Read More

7 September, 2012

Assessing the Merits of an ETF: Debunking Common Myths

Extract of white paper published by Chris Hempstead, Head of ETF Trade Execution for WallachBeth Capital LLC With respect to analyzing and selecting ETFs, one of the most common and frustrating mistakes that I overhear is “..unless the fund has at least some minimum AUM ($50mm in many cases), or has average daily trading volume […] Read More

27 August, 2012

ETFs move into long-term investing mainstream

By Murray Coleman –Evidence mounts that ETFs aren’t just trading tools –More retirement funds, endowments adopting ETFs –ETF advisers remain largely long term in focus Since turning to exchange-traded funds to build investment portfolios for high-net-worth and institutional clients more than a decade ago, adviser Rob DeHollander says he has seen a stigma form around […] Read More

24 August, 2012

Industry Sounds Off On Paying ETF Market Makers

Courtesy of James Armstrong If issuers of exchange-traded funds could pay to attract market makers to their products, would there be more liquidity in ETFs? Or would paying market-makers create a dangerous precedent and harm long-term investors? Or, is Tim Quast, MD of trading analytics firm “Modern Networks IR” correct when suggesting to the SEC […] Read More

9 August, 2012

Collaring Multiple-Asset ETFs to Manage Tail Risk

Courtesy of Phil Gocke, Options Industry Council Since the 2008-09 financial crisis and the central bank’s response of near zero interest rates, financial markets have been vacillating violently between risk-on and risk-off periods. This bipolar attitude toward risk has increased asset class correlations, negating the effective benefit of many traditional equity diversifiers. In this unpredictable […] Read More

8 August, 2012

Light On Knight: Editorial Opinion

Editorial Opinion In an era in which “CYA” is perhaps the most-used acronym by institutional fund managers focused on fiduciary responsibilities, its almost surprising to notice the many anecdotal remarks that point to a single-point-of reliance on Knight Capital’s role within the ETF marketplace.  Some would think it “shocking” that so many institutions were caught […] Read More

7 August, 2012

Options Trading is Not Dead, Institutions Ramping Up

Courtesy of TABB Forum Options trading volumes may be down across the industry but the buy side continues to remain captivated by the potential of using options. TABB Group expects options volume to decline by as much as 10 percent in 2012, yet a combination of greater buy-side adoption and increased focus on managing risk […] Read More

3 August, 2012

Knight Seeks Lifeline After $440 Mil Loss : What’s…

Courtesy of Olly Ludwig/IndexUniverse Knight Capital (NYSE: KCG), the biggest ETF market maker in the U.S., is seeking financing after saying that a trading glitch involving its systems on Wednesday that affected 148 stocks will result in a $440 million pre-tax loss. The company’s stock was down 45 percent in early morning trade. “The company […] Read More

2 August, 2012

What’s Next? Single-Stock Futures. Here’s Why..

  Industry Pro Thomas Halikias contributed the following “Single Stock Futures…A New Dawn?” to Tabb Forum. Excerpted version is below, full article available by clicking on Tabb’s logo.. In nearly every conversation about single stock futures – and they’re happening more frequently than ever these days – several typical misconceptions emerge: “Futures?  We don’t trade […] Read More

30 July, 2012

Buying an ETF for More Than The Ticker

Courtesy of Forbes Contributor Ari Weinberg July 30 If you invest in exchange-traded funds, you’ve probably heard about the forthcoming service from IndexUniverse. If you really follow ETFs, you’ve probably wondered what took them so long. Years in the making, publisher IndexUniverse is finally rolling out its own ratings and analysis service for ETFs. Currently […] Read More

30 July, 2012

“QE3 Slated for August, the EU World Will Not…

Market commentary (excerpt of July 25 desk notes distributed to institutional fund managers) courtesy of  Ron Quigley, Managing Director/Head of Fixed Income Syndicate for Mischler Financial Group. While not ETF-centric per se, its a good read! Tonight we’re taking a bit of a reprieve from the standard dire EU news by delivering quite a different […] Read More

26 July, 2012