On Wednesday, the International Securities Exchange (ISE) announced its new product development group will now be known as ISE ETF Ventures. The new name exemplifies ?the group’s evolving focus and expanded capabilities in the ETF arena, according to the exchange’s press release.
From ISE ETF Ventures, ISE will now offer its partner firms a full suite of capabilities that supports launching new ETFs. Along with index conceptualization and development, ISE ETF Ventures will help bring new ETFs to the market via capital commitment, business development, and marketing support. ?It will also look to partner with leading ETF and ETN issuers, industry service providers, and new entrants to the ETF landscape?such as?AlphaClone?and?PureFunds.
Gary Katz, President and Chief Executive Officer of ISE said in Wednesday’s release,?”With ISE’s notable expansion in the ETF business, the ISE ETF Ventures brand represents the team’s evolution from a sole focus on index development to a much broader suite of capabilities and partnership opportunities in the ETF space. This group will further tap into the thriving exchange traded products market while contributing to the innovative values and continuous advancement of the company brand.”???
Kris Monaco, serving as the ISE ETF Ventures team head, added, “We look forward to committing our expertise, our network, and our capital to expand ISE’s activity in the industry. ISE is confident that the direction of this team will strengthen our existing relationships and also allow us to introduce new participants to the industry.”???
ISE ETF Ventures?will continue expanding its partnerships with issuers to launch unique investment vehicles, including ETFs, exchange traded notes (ETNs), and other exchange traded products while also providing financial support for new products.
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