Esposito Securities is seeding its first exchange-traded fund with two creation units totalling USD2.5m of the Mars Hill Global Relative Value ETF.
On 9 July the ETF was listed on NYSE Arca and began trading as a new issue.
The Consolidated Tape Association will disseminate real time trade and quote information for the ETF to Tape B.
"Seeding GRV sets the tone for future activities of Esposito Securities. We will be more aggressively pursuing seeding opportunities," says Mark Esposito, chief executive.
Esposito Securities is a part of the Esposito Global family, and provides global equity trading services.