Iverson launches ETF Monitor
12 August 2002 | 1604 views | 0
Following on from its recent partnership agreement with the American Stock Exchange, US market data firm Iverson Financial has launched the Amex EFT Monitor, the published composition information for all North American-listed exchange traded funds (ETFs).
The service, available to all Amex member firms and other users and developers of ETF trading and portfolio benchmarking applications, is particularly suited for use by modeling, compliance, and risk management professionals, says the vendor.
AEM includes all relevant ETF constituent data, including the most current trade date share quantities, component weighting, cash components, and net asset value (NAV), for over 100 listed ETFs. Each evening prior to the next trading session, users will receive the identical composition variables published by ETF fund managers and trustees to define the next trade date creation/redemption units. Subscribers contract directly with Iverson to obtain direct online access to AEM.
Kent Lazarus, president and COO of Iverson Financial Systems, says the service is the first in a line of ETF-related offerings from Iverson
"As ETFs have become widely recognised as strategic investment vehicles, the importance of related constituent data has grown commensurately," he notes.