Esposito Securities Provides Initial Seed Capital for Successful Launch of the Pacer US Export Leaders ETF (PEXL)
August 02 2018 - 9:30AM
Business Wire
Fund follows Pacer Funds US Export Leaders ETF
Index
Esposito Securities, LLC (“Esposito”), a leading provider of ETF
seed capital, and other key services to both the asset management
industry and institutional investors, is celebrating the recent
successful launch of the Pacer US Export Leaders ETF (NYSE: PEXL),
for which Esposito provided initial seed capital.
PEXL launched on July 24, 2018, and traded 100,100 shares on its
first day. Since going live, the fund has continued to see strong
volume, averaging more than 50,051 shares traded per day.
“We’re thrilled for the team at Pacer Funds and very pleased to
have played a part in this successful launch,” said Mark Esposito,
CEO of Esposito Securities, LLC. “The marketplace has clearly shown
a great deal of interest in this new offering, and we look forward
to continuing our partnership with Pacer to help them bring other
innovative approaches to market.”
The team at Esposito has played a major role in helping its ETF
sponsor clients prosper during the recent, unprecedented growth in
the ETF industry. Throughout its 10-year history in ETFs, Esposito
has assisted funds in seeding, the creation and redemption of ETF
shares, and executing trades in the underlying securities. Esposito
offers custom and standard basket trading for ETFs as well as seed
capital, rebalance work-up and assistance, and superior execution
with the option of Post Trade and Best Execution analytical
reporting for all funds. Esposito also trades all listed equity and
index options.
About Esposito Securities
LLC
Our broker/dealer (http://www.espositosecurities.com) is a
financial firm trading various types of securities for
institutions. Committed to excellence, we contend with some of the
world’s largest securities firms, but when you trade with Esposito,
you are not just another number, you are part of the family. Our
approach is personal, intelligent, and thorough. We tailor our
dynamic platform to the specific needs of our clients.
The cornerstone of our success is a unique blend of advanced
trading technologies and extensive human networks which we combine
to provide our clients with premium, high-touch execution
services.
Equity trading and ETF services are offered through Esposito
Securities LLC, a broker-dealer, member FINRA/SIPC, The information
contained within is not a solicitation or an offer to buy or sell
any securities.
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version on businesswire.com: https://www.businesswire.com/news/home/20180802005482/en/
MacMillan CommunicationsChris Sullivan/Rosa Sobrino,
212-473-4442chris@macmillancom.com
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