Bringing you live news and features since 2006 

Ben Chinea, Direct Access Partners chief executive

Direct Access Partners launches ETF Liquid division

RELATED TOPICS​

Direct Access Partners has launched ETF Liquid providing a centralised source of aggregated liquidity in the overnight market for Exchange Traded Funds. ETF Liquid offers enhanced pricing and greater market depth for Direct Access Partners’ institutional client base. The group acts in an agency-only capacity ensuring conflict-free, anonymous trading.

The new division provides DAP’s buy side customers enhanced trading options for international ETFs. During volatile periods ETFs that reflect international markets trade purely on the basis of US domestic supply and demand — not on the underlying NAV of the component equities. ETF Liquid permits our institutional clients including mutual funds and hedge funds to trade ETFs in closer relationship to the movement of the underlying equities.

Gerry O’Donnell, who will co-lead the new division, says: "As the ETF market expands, ETF Liquid fills a clear need for institutional customers trying to gain international exposure or hedge positions at an NAV that reflects the market — not the current US market environment. For example, ETF Liquid provides liquidity in an agency capacity in off-market hours to fill "away" limit orders that may be left as GTC orders, and filled during closed US hours when the underlying ETF basket can be priced efficiently to reflect market conditions, and may move into line."

Ben Chinea (pictured), CEO of Direct Access Partners, says: " Our unique platform will enhance ETF Liquid in non-US market hours and assist our institutional client base implement a wide range of hedging strategies as well as the ability to take advantage of overnight volatility, which often times can be overlooked when the US market resumes the following day."

The team will be headed by Gerry O’Donnell and Matt Brown. Both professionals have 15 years experience each in the listed, OTC and electronic trading markets executing orders in a wide range of financial instruments.

 

Latest News

ETF data consultant ETFGI reports that assets invested in the global ETF industry reached a new record of USD12.71 trillion..
Calastone has published an ETF white paper which examines several of the processes that take place across the lifecycle of..
Adapting product lines to fit into changing methodologies and meet shifting demand is essential to remaining relevant in the industry..
Investors urgently need greater access to diversified investment strategies aligned with the Paris Agreement on climate change if the world..

Related Articles

Taylor Krystkowiak, Themes ETFs
Themes ETFs opened its doors in December 2023, with an introductory suite of 11 ETFs – seven thematic and four...
Konrad Sippel, Solactive
At the end of March, financial index specialist, Solactive, published its 2024 annual report on future trends.  ...
Lorraine Sereyjol-Garros, BNP Paribas
Following changes to the French Monetary and Financial Code and of the French market authority AMF’s General Regulation, it is...
Ed Rosenberg, Texas Capital
Texas Capital Bank first opened its doors back in December 1998 and nowadays offers wealth-management services, as well as commercial,...
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by