ETF CAPITAL MARKETS DURING RECENT VOLATILITY, A VIEW FROM THE MARKET MAKERS AND LIQUIDITY PROVIDERS
Date: Tuesday, 28 July
Where: Via Zoom
Time: 12:00pm (AEST)
An overview of ETF Capital Markets, the main stakeholders and how they interact with ETF issuers, exchanges and investors. In this session we will provide an overview on how ETF primary and secondary markets performed during recent market volatility as well as a look under the hood of a relatively unknown and sometimes misunderstood element of the ETF ecosystem.
Panel Discussion points:
- The liquidity provider/market maker business model – interaction with the exchanges, investors and ETF issuers, misconceptions (recent reports of profit from high spreads)
- Hedging risk during market dislocation – a recap on the recent market turbulence in some FI and Credit funds (hedging tools, inventory management)
- Influences on setting prices – (Asset class, time zone), managing risks associated with holding inventory during recent volatility (eg limit down SPX Futures)
- Primary market issues – application and redemption process during high volatility and low liquidity, minimum basket sizes and other mechanisms to increase liquidity.
- Damien Jasczyk
- Director, Head of Global Prime Services, Deutsche Bank AG, Australia.
- Damien Sherman (Viveco Consulting)
- Brett Lesh (Susquehanna Pacific)
- Shaun Parkin (Hall Road Investments)
CFA Societies Australia has determined that this program qualifies for 1 Professional Learning credit hour under the guidelines of the CFA Institute Continuing Education Program. If you are a CFA Institute member, use the member app to record your CE credit for your participation in this presentation.