(FTF News recently got time with Spencer Mindlin, an Aite Group analyst who focuses on capital markets, including exchange-traded funds (ETFs). For the Q&A, Mindlin tackles market structure and related issues. At the Performance Measurement Americas event, March 11-12 in New York, Mindlin will take part in the panel, “The New Burdens of ETFs.”) Q:… Read More >>
Fat Fingers Caused BlackRock’s Data Leak
Fat fingers apparently caused the data leak at asset management giant BlackRock as officials acknowledge that the posting of customer relationship management (CRM) data about client financial advisors was the result of human error. Officials add that no sensitive information or data about the advisors’ end-clients was exposed via the incident. Bloomberg News first reported… Read More >>
Volatility to Rock Timid Markets in 2019: Report
Global financial services markets are entering a “post-credit crisis” era marked by the fact that easy-money policies are ending, interest rates are heading up while markets are swinging down and a new volatility will rock this timid new world in 2019, according to predictions from Greenwich Associates. In its new report, the market research firm… Read More >>
RJO Affiliate Launches OTC Agricultural Structured Products Group
New RJO Group Will Use Proprietary Software Officials at futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) have announced that an affiliate R.J. O’Brien Financial has launched an over-the-counter (OTC) Agricultural Structured Products Group that will target commercial agricultural companies across the globe – a first for RJO. The bilateral OTC initiative will… Read More >>
GTS Wants to Democratize Market Access via Acquisition
High-frequency trading (HFT) firm GTS is acquiring for an undisclosed sum the exchange-traded funds (ETFs) and wholesale market-making businesses of Cantor Fitzgerald, a move that will bring institutional and retail clients the same access to the benefits of machine learning, artificial intelligence (AI) and execution technology, GTS officials say. GTS describes itself as “a quantitative… Read More >>
Should ETFs Be Their Own Asset Class?
It’s no secret that exchange-traded funds (ETFs) have become quite popular as instruments that “help institutions manage their cash flow, hedge risk, gain quick exposures to illiquid market segments and more,” as market research firm Greenwich Associates has noted. But is it time for the industry to take ETFs to the next level? A new… Read More >>
SEC Slams NYSE with Multiple Regulatory Violations
The SEC reports that it has charged the New York Stock Exchange (NYSE) and two affiliated exchanges (NYSE American and NYSE Arca) with “regulatory failures in connection with multiple episodes, including several disruptive market events.” The violations alleged by NYSE officials include “erroneously implementing a market-wide regulatory halt, negligently misrepresenting stock prices as ‘automated’ despite… Read More >>
2018 Predictions: Global Markets to Expand Despite Jolts
(Editor’s Note: Predicting what the financial markets, regulators and industry participants will do in 2018 is a challenge as there are so many variables that could undercut prognostications. Yet in a bid to offset chaos, FTF News has put together a round-up of opinions and initiatives from researchers, analysts and executives at the TABB Group,… Read More >>
Eagle, Donnelley Alliance Targets New SEC Reporting
Eagle Investment Systems and Donnelley Financial Solutions have formed a strategic alliance to create an integrated offering that will help firms comply with new monthly and annual SEC reporting rules that require the gathering of “census-type” and portfolio data about mutual funds and exchange-traded funds (ETFs). Specifically, the alliance will graft Donnelley’s financial reporting and… Read More >>
PIMCO and SEC Agree to Settle ETF Investigation
Investment management giant PIMCO is agreeing to a nearly $20 million settlement with the SEC in order to end an investigation into charges that its investors were given misleading information about the performance of actively managed, exchange-traded funds (ETFs), and were not given the correct value of key fund securities. SEC officials also announced late… Read More >>
