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Nasdaq TradeTalks: The ETF Industry Just Reached its 30th Anniversary and Discussing the Evolution of ETFs
The ETF industry just reached its 30th anniversary. Old Mission Head of Institutional Services Bryan Christian joins Jill Malandrino on Nasdaq Trade Talks to discuss the evolution of ETFs. Watch the interview here.
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IEX Boxes and Lines: Market Making with Bryan Christian of Old Mission Capital
Bryan Christian, Managing Director, Head of Institutional Services at Old Mission Capital, joins Ronan and JR for a conversation about the evolving role of a market maker, the 30th anniversary of ETFs, and the importance of adaptability in volatile markets. Listen to the episode here.
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CNBC ETF Edge: ‘These are the next FANG stocks,’ Ark Invest portfolio manager says as firm sees record-breaking inflows
To Harry Whitton, whose Old Mission Capital firm provides liquidity for ETF issuers, Ark’s success could bring about even more growth in the actively managed ETF space. “I like the Ark story. I’ve been following it for years,” Whitton said in the same “ETF Edge” interview.
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CNBC ETF Edge: ‘People are yield-searching,’ ETF analyst says. Here’s where they’re finding it
The hunt for yield is on in full force. As investors clamor for income in an era of historically low interest rates, one part of the ETF market is reaping the benefits: bond funds. “More money has gone into bond funds than any other asset class in ETFs,” Harry Whitton, head of ETF sales and trading at Old Mission, told CNBC’s “ETF Edge” on Monday.
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The TRADE: ICE ETF Hub launches new basket negotiation technology
To accustom participants to the new technology, ICE ETF Hub will launch a pilot program allowing customers to test the custom basket negotiation in a live setting. Market makers including Jane Street, Old Mission, CTC, and others have already enrolled in the program and ICE ETF has said it expects others to follow in the coming months.
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Bloomberg: Allianz Launches Two ETFs in Hotly Contested Market Niche
Allianz Investment Management is stepping into a growing corner of the $4 trillion ETF market with two funds that protect against stock losses. The AllianzIM U.S. Large Cap Buffer10 Apr ETF, or AZAA, and the AllianzIM U.S. Large Cap Buffer20 Apr ETF, or AZBA, begin trading Monday. The exchange-traded funds will seek to track S&P 500 Price Return Index up to a stated cap on gains, while shielding investors against the first 10% and then 20% of losses should the gauge drop.
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Bloomberg Opinion: The Bull Market Caught a Virus
More trading is taking place at the end of the day, including at the closing auction—or the final 4 p.m. trade—which determines end-of-day prices for thousands of stocks. From the start of this year through Friday, about 23% of trading volume in the 3,000 largest stocks by market value has taken place after 3:30 p.m., according to data from Pragma LLC. That’s compared with about 4% from 12:30 p.m. to 1 p.m.
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The Wall Street Journal: The 30 Minutes That Can Make or Break the Trading Day
Sharp stock moves are punctuating the final minutes of the trading day, exacerbating what has already been one of the rockiest stretches of the past decade for financial markets. Major U.S. stock indexes peaked in mid-February and have since dropped at least 19%, with the Dow Jones Industrial Average entering a bear market, reflecting worries that the coronavirus epidemic will halt growth and eventually tip the economy into a recession.