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Source adds J.P. Morgan and Nomura as shareholders

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Exchange-traded products provider Source has added J.P. Morgan and Nomura as shareholders.  

Launched less than one year ago, Source promised investors that it would offer exchange-traded products with reduced counterparty risk and increased liquidity in a fragmented and opaque market. 

Adrian Valenzuela, managing director and global co-head of equity distribution at J.P. Morgan, says: “We are delighted to become a partner of Source in leading the transformation of the ETF market place, responding to investors’ demand for enhanced liquidity and control standards.”
 
Leonie Ryan, managing director and chief operating officer of equities liquid markets at Nomura, says: “We are excited to further enhance our working relationship with Source by taking an equity stake. Our goal is to reinforce our position as a market leader in equities. We see ETF’s as a huge growth product in Europe and thus, as being a key cornerstone of our equity strategy. We are pleased to be able to offer Source’s market leading ETFs to our clients.”
 
Source has also added a number of new approved dealers, bringing its stable to ten including Nyenburgh, AllOptions, BancaIMI, Exane, FlowTraders, IMC, LaBranche, Newedge, SG Securities and UniCredit.

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