in the wake of public outcry and government examination, STA president Jim Toes exhorts the stock market to learn from the auto industry's recent woes and follow its example of how to recover after a crisis.
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.
Exchange operator NASDAQ announced that AdvisorShares, a Bethesda, MD.-based sponsor of actively ETFs will launch its Sunrise Multi-Strategy ETF on Wednesday, July 9. Sunrise will trade on Nasdaq under the MULT symbol.
Compass EMP will list three new ETFs on Wednesday, July 2 on the Nasdaq. The three are Compass EMP U.S. 500 Volatility Weighted Index ETF (CFA), Compass EMP U.S. 500 Enhanced Volatility Weighted Index ETF (CFO) and Compass EMP U.S. EQ Income 100 Enhanced Volatility Weighted Fund (CDC.)
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.