US exchange-traded products (ETPs) lost US$72.5 billion of assets under management (AUM) after the S&P 500 had its largest drop since November 2008, says Deutsche Bank ETF Market Weekly Review.
ETFM talks to Laurent Ksiss, head of ETF advisory and sales at LaBranche in London about how he spends his spare time and his aspirations to be a professional golfer.
LaBranche is growing its on-exchange market making business as mergers between European exchanges push the market towards a unified exchange.
Investors remain cautious with an eye on what is going on with the US debt ceiling discussions in Washington and the Greek Sovereign crisis developments in Europe, according to Deutsche Bank Securities North America equity research report.