BofA Merrill Lynch, Goldman and MS launch European ETP initiative

Source has listed all its products on Deutsche Börse, which it claims will help close the gap on daily exchange trading volumes with the US, which exceeds 17% of ETF assets under management, while Europe volumes occupy less than 2% assets under management. The ETP platform has also implemented credit risk controls. For example all the ETCs offered on the platform, Source T-ETCs, are secured exclusively by US Treasury Bills and cash. The ETCs are linked to the S&P GSCI family of indexes which

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