Hints and tips:
...Since the 2000s, the company has also broken the equity group into three teams working separately, although their investment choices are co-mingled in all of the funds....
...Big asset managers such as Vanguard and Fidelity have responded by launching similar services, while broker-dealers such as Bank of America and Wells Fargo have also joined the fray....
...Electronic trading first emerged in parallel to exchange floors where brokers and traders shouted out orders....
...Matthew Tucker, head of the iShares fixed income strategy team at BlackRock, says ETFs have provided investors with more choice....
...As a former emerging markets broker who has watched the movement of locally listed developed market companies to the world’s largest stock exchanges and also the transformation of those exchanges into global...
...While low interest rates are partly to blame, brokers are squeezed by the cost of collecting fees on behalf of exchanges, executives say....
...With the CME’s launch in 1997 of the “e-mini S&P”, a compact futures contract based on the S&P 500, investors had a smooth way of betting on the direction of the cash equity market....
...“S&P 500 ETFs are an incredibly competitive part of the ETF industry....
...(Financial Times) JPM: the converse of TS Eliot’s Macavity the cat (Financial Times) Britain will not have much of a choice at the 2015 election (Financial Times) Another China corruption trial risks...
...Citigroup, the only member of the S&P 500 to lose such a vote so far this year, is the highest- profile victim. Not everyone sees this as a radical stirring....
...Is this approach valid for a career in the City of London (investment banks, brokers, consultancies), preferably in the business departments, not IT?...
...The figures made barely a dent in the position of the Australian Stock Exchange (ASX), the incumbent exchange Chi-X Australia has been set up to challenge....
...down -0.10% at 12,570 S&P 500 down -0.13% at 1,338 Bovespa down -1.33% at 63,039 Asia Nikkei 225 up +1.10% at 10,082 Topix up +0.96% at 873.51 Hang Seng down -1.01% at 22,518 Shanghai Composite down -0.21%...
...Such a figure is consistent with McKinsey’s estimate in its 2007 paper, The New Power Brokers, of hedge funds accounting for 30-60 per cent of trading on London and New York exchanges....
...The next ugly leg of the bear market begins as we get into the July through September ‘tipping zone’, driven by the failure of the data to validate the V (shaped recovery) that is now fully priced into markets...
...Like most traditional funds, ETFs are subject to broker commission which Watson Wyatt estimates to be in the region of 3-10bps for US and European listed funds....
...I lived through the implosion of a number of annuity insurers in the early 1980’s and it left me jaded....
...The Chicago Board Options Exchange Volatility Index, known as Wall Street’s fear gauge, fell 6.8 per cent, although at 32.80 it remained above the psychologically significant level of 30, a sign of distress...
...This decision signed the death warrants of the “independent” broker-dealer model....
...ICICI’s managing director, K V Kamath, called the rumours “baseless and malicious”....
...The final cost of the S&L crisis between 1986 and 1995 was $153bn, or about 3 per cent of 1989 gross domestic product, of which taxpayers had to pay $124bn....
...“A government back-stop would reduce the risks of the business but it could also take away some of the profit potential,” says Mr Sprinzen of S&P....
...The buoyancy of the UK market, at least, means there is still an escape route. “House prices have not been impacted as they have in the US,” says Andrew South, an analyst at S&P....
...ABS, with subprime RMBS as a leading ingredient, was one of the main vehicles of choice for all the foreign investors who financed the US current account deficit over the years....
...Regulatory investigations once were managed by appointed officials from the Securities and Exchange Commission, the NASD [the private-sector regulator of America’s securities industry], and the New York...
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