Esposito Securities Provides Initial Seed Capital for Successful Launch of the Pacer US Export Leaders ETF (PEXL)
DALLAS--(BUSINESS WIRE)--Aug 2, 2018--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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CONTACT: MacMillan Communications
Chris Sullivan/Rosa Sobrino, 212-473-4442
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: PROFESSIONAL SERVICES BANKING FINANCE
SOURCE: Esposito Securities, LLC
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PUB: 08/02/2018 09:30 AM/DISC: 08/02/2018 09:30 AM