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Vanguard Brings Unrivaled Access To ETFs With Launch Of Industry's Largest Commission-Free Platform
August 21, 2018--Vanguard, the leader in low-cost investing, today launched the largest suite of commission-free ETFs available to investors.1
As announced in early July, Vanguard is offering commission-free online transactions on approximately 90% of all ETFs-nearly 1,800 of the roughly 2,000 ETFs currently trading on the major exchanges. Vanguard has excluded inverse and leveraged ETFs due to their highly speculative nature.
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Source: Vanguard
In Pursuit of New Customers, JPMorgan Offers Free Trades
August 21, 2018--JPMorgan targets trading platforms like E*Trade, Schwab and Robinhood, with its free, You Invest, service. The real threat, however, might be to Acorns.
JPMorgan Chase will be launching a digital investing service with free and discounted trades, beginning Monday, WealthManagement.com confirmed. The move will make the bank more competitive with discount brokerages, such as Charles Schwab and E*Trade, as well as no-fee trading services, like Robinhood.
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Source: wealthmanagement.com
UBS launches the ETRACS NYSE(R) Pickens Core MidstreamTM Index ETN
August 21, 2018--UBS Investment Bank today announced that a new energy infrastructure ETN, the
ETRACS NYSE(R) Pickens Core MidstreamTM Index ETN (NYSE Arca(R): PYPE), will begin trading on NYSE Arca(R).
The Index measures the performance of the common stock of corporations and units of MLPs which are intended
to represent U.S. midstream energy fundamentals, agnostic of entity structure.
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Source: UBS
JPMorgan Offers Free Trades, Accelerating a Pricing War
August 21, 2018--The bank says a new investing service will allow at least 100 free stock trades over one year
JPMorgan Chase & Co. is boosting its digital investing service with free trades for customers in a move that sent the world of online brokerages into disarray Tuesday.
The bank is trying to bring in more first-time investors, including millennials, as well as customers of the bank who invest elsewhere.
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Source: Wall Street Journal
AdvisorShares Active ETF Market Share Update-Week Ending 8/17/2018
August 20, 2018--Assets in actively managed ETFs added $517 million last week to reach $61.98 billion in total net assets.
First Trust took the top spot in new AUM growth with $205 million, followed by JP Morgan with a $154 million gain.
There were two fund launches and no fund closures, which brought the total of actively managed ETFs currently trading at 239.
Effective today, Invesco is lowering management fees on the following ETFs:
view more CFTC.gov Commitments of Traders Reports Update SEC Adopts Amendments to Simplify and Update Disclosure Requirements view more The MiG Report Toronto Stock Exchange and TSX Venture Exchange July 2018 view more Tradeweb brings RFQ trading to options industry view more
By offering a competitive set of active, passive and alternative capabilities, the firm is well positioned to help clients achieve their desired investment objectives.
Invesco Dow Jones Industrial Average Dividend ETF (Ticker: DJD) management fee will be lowered from 0.30% to 0.07%.
Source: Invesco
August 17, 2018--The current reports for the week of August 17, 2018 are now available.
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Source: CFTC.gov
August 17, 2018--The Securities and Exchange Commission today announced that it has voted to adopt amendments to certain disclosure requirements that have become duplicative, overlapping, or outdated in light of other Commission disclosure requirements, U.S. Generally Accepted Accounting Principles (GAAP), or changes in the information environment.
The amendments are intended to simplify and update the disclosure of information to investors, including long-term Main Street investors, and reduce compliance burdens for companies without significantly altering the total mix of information available to investors.
Source: SEC.gov
August 16, 2018--New Listings* (YTD July 2018)
201 new listings on TSX (81) and TSXV (120)
94 Companies + 57 ETFs + 47 CPCs + 3 Closed‐End Funds
Equity Capital Raised (YTD July 2018)
$25.1 billion on TSX and TSXV
$61.8 million-Average financing size on TSX
$4.7 million-Average financing size on TSXV
Source: tsx.com
August 16, 2018--Tradeweb Markets, a global leader in electronic financial marketplaces, today announced the launch of the Tradeweb U.S. options platform for institutional customer-to-dealer trading.
Designed to improve efficiency and access to liquidity in the surging U.S. options market, the Tradeweb U.S. equity options platform allows institutional investors to directly source full-size price quotes from multiple market makers using the request for quote (RFQ) protocol Tradeweb pioneered in the fixed income cash and derivatives markets as well as ETF markets.
Source: finextra.com
