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Mexican bank Intercam and Brickblock discussing partnership to offer tokenized ETFs
November 14, 2017--Intercam Banco Founder and President Eduardo Garcia Lecuona has expressed interest in partnering with Brickblock, the first platform to combine cryptocurrencies and real-world assets on the blockchain, to expand his company's exchange-traded fund (ETF) offerings.
Eduardo Garcia Lecuona has been exploring ways to integrate Intercam's services with the crypto economy.
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Source: The Fintech Times
BNY Mellon Announces Organizational Changes-Thomas Gibbons Appointed CEO of Clearing, Markets and Client Management
November 14, 2017--Five new appointees to the Executive Committee:
Michael Santomassimo Appointed Chief Financial Officer;
Hani Kablawi Appointed CEO of Global Asset Servicing and Chairman of EMEA;
Francis La Salla Appointed CEO of Issuer Services;
Lisa Dolly as CEO of Pershing;
Brian Ruane as CEO of Government Securities Services Corp;
Newly-created strategic role: Head of Digital
As a result of the new organizational and leadership structure, Brian Shea to leave BNY Mellon
The new organizational structure creates three new business units under our Investment Services segment: 1) Clearing, Markets and Client Management, 2) Asset Servicing, and 3) Issuer Services. The new units will combine businesses under common leadership that have natural connections and intersections with clients and will work closely together in developing comprehensive solutions.
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Source: BNY Mellon
Horizons ETFs Launches an Innovative Canadian Equity Index ETF
November 14, 2017--New ETF offers an inventive way to screen for quality Canadian equities
Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") is pleased to announce its partnership with Inovestor Inc. ("Inovestor") on the launch of the Horizons Inovestor Canadian Equity Index ETF ("INOC").
INOC is the first exchange traded fund ("ETF") in Canada to offer low-cost exposure to the Nasdaq Inovestor Canada Index ("the Index").
Units of the ETF will begin trading today on the Toronto Stock Exchange ("TSX") under the ticker symbol INOC.
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Source: Business Insider
CME CEO: Bitcoin Futures Could Begin Trading As Soon As December
November 13, 2017--CME Group chairman and CEO Terry Duffy has said that the derivatives exchange operator could list a planned bitcoin futures product as early as next month.
"I think sometime in the second week of December you'll see our contract out for listing," he told CNBC today, hinting that trading could begin as early as the second week of December.
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Source: coindesk.com
New Blockchain ETFs Investing in Pick and Axe, Not Gold
November 13, 2017-Two new ETFs, focused on Blockchain, filed with the SEC, look to give investors exposure to firms building or using the technology.
With the price of cryptocurrencies, such as bitcoin, reaching new highs and attracting most of investor attention, what is missed is the "distributed ledger" technology-called blockchain-that makes bitcoin possible.
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Source: IMF
Principal debuts ETF focused on value, growth, momentum
November 13, 2017--Principal has brought to Nasdaq an exchange-traded fund that buys international equities with a high level of value, growth and momentum characteristics.
The Principal International Multi-Factor Index ETF seeks to replicate the performance of the Nasdaq Developed Select Leaders Index.
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Source: smartbrief.com
AdvisorShares Weekly Market Review-Very Odd And Unfamiliar Crimson Hue On My Screens
November 13, 2017--Highlights of the Week Ending 11/10/2017
Macro
So tweeted @todd_harrison about what he saw on his monitor during the week as domestic equity markets were on their way to a negative five day run. The Dow Jones Industrial Average fell 0.49%, the S&P 500 gave up 21 basis points, the NASDAQ declined the same 21 basis points and the Russell 2000 slid 1.30%.
There were plenty of reasons cited for why equities might have declined including being at the how the sausage is made part of the tax reform legislation to the decline in high yield (more below on that) and if you scour your favorite social media feed you might find a few other reasons but sometimes, markets just go down for no real reason at all, they just do.
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Source: AdvisorShares
Reality Shares Teams up with Nasdaq to Launch Blockchain Tech Index
November 13, 2017---Reality Shares and Nasdaq announce the creation of the Reality Shares Nasdaq Blockchain Economy Index, a smart-beta index that tracks the growth and development of leading global companies creating and implementing blockchain solutions.
An ETF that will track the Index is already in the works, with Reality Shares filing for it on November 2, 2017.
Reality Shares and Nasdaq compiled the index by utilizing internal and external research and their proprietary Blockchain ScoreTM ranking system.
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Source: Reality Shares