Buyside firms need to leverage technology to stop writing checks to HFT firms with clients's money.
First Trust, a Wheaton, Illinois-based investment firm, along exchange operator NASDAQ OMX, have announced the launch of First Trust's newest listed exchange-traded fund (ETF), First Trust Strategic Income ETF.
The U.S. Securities and Exchange Commission approved the use of derivatives in Pacific Investment Management Co.s Total Return exchange-traded fund, allowing it to more closely track the worlds biggest bond mutual fund.
For traders looking to execute in the overseas markets, there's a new exchange-traded fund out there. First Trust will launch the First Trust Dorsey Wright International Focus 5 ETF (Symbol: IFV), on Wednesday, July 23. The ETF will be listed on Nasdaq.
For years, exchange-traded fund trading volume surged. Now, its slumping too. Nasdaq, NYSE and BATS are now slugging it out with incentives, new order types and a new ETF-focused exchange to resuscitate trading.
The major exchange operators are in pitched battle to win market share and build up volume of trading in exchanged-traded funds.
The Securities and Exchange Commission is set to decide by Dec. 8 whether to approve proposals by the Nasdaq Stock Market and NYSE Arca to permit sponsors of exchange-traded funds to pay broker-dealers for making a market in their securities.
Bank of America Merrill Lynch plans to expand the number of exchange-traded funds traded by its ETF-specific algo. Known as ETF-aXe, the two-year-old algo currently trades 300 ETFs. The new editions could include funds that go beyond just U.S. stocks.
With the current volatility of the equities markets, investors know they need to have exposure to bonds, but they often desire the ease and liquidity of equities, which can be provided by exchange-traded funds. Customers want fixed-income safety and stock convenience, which has driven PIMCO-the don of bonds-into the world of ETFs.