ETF and hedge fund technology specialist Truss Edge has released a major new upgrade for its technology platform which includes a number of improvements for asset managers.
State Street Corporation has announced that it has begun working with Putnam Investments on the servicing of the investment management firm’s first actively managed, semi-transparent ETF. Putnam leverages a proxy-based actively managed ETF model for the funds.
Tradeweb has reported total trading volume for July 2021 of USD20.6 trillion across rates, credit, equities and money markets. Average daily volume (ADV) for the month was USD972.2 billion, an increase of 34.2 per cent year over year (YoY).
Tradeweb: Best ETF Platform – For electronic platform Tradeweb, 2019 was a milestone year for European ETF trading. Adriano Pace, head of Equities (Europe) at the firm, says: “We saw total notional volume exceed EUR360 billion, up 43.5 per cent on the year before, while the number of institutional firms trading European ETFs on our platform grew by more than 10 per cent.”
New York City’s Nasdaq exchange launched in 1971, bringing electronic trading to the world, and there are some old photos on their website of what HiTech looked like, back when HiFi was a new thing and WiFi was a long way off in the future.
According to Hoshang Daroga (pictured), Portfolio Manager, Copia Capital Management, many platforms are unable to fully support the use of ETFs in model portfolios, and as a result, discretionary managers are being held back from incorporating ETFs in their model portfolios.
Provider of managed data and regtech services to asset managers, owners, servicers and banks, RIMES Technologies, has expanded its offering beyond indices to include ETFs.
SEI’s Advisors' Inner Circle Fund Trust (AIC) is extending its platform to offer asset managers the opportunity to launch exchange traded funds (ETFs) within its turnkey series trust operational infrastructure.
European fund distribution specialist MFEX has closed its previously announced acquisition of the Luxembourg based RBC Investor & Treasury Services (RBC I&TS) Global Fund Platform (GFP), having secured the necessary regulatory approvals for the deal.
Saxo Bank, a fintech specialist focussed on multi-asset trading and investment, has launched SaxoInvester, a new platform that gives the growing investor segment the opportunity to build long-term portfolios across stocks, bonds, mutual funds, ETFs, and SaxoSelect portfolios.