ETFdb Logo
ETFdb Logo
  • ETF Database
  • Channels
    • Active ETF
    • Beyond Basic Beta
    • China Insights
    • Climate Insights
    • Commodities
    • Core Strategies
    • Crypto
    • Disruptive Technology
    • Energy Infrastructure
    • ETF Building Blocks
    • ETF Education
    • ETF Strategist
    • Fixed Income
    • Free Cash Flow
    • Gold/Silver/Critical Minerals
    • Innovative ETFs
    • Institutional Income Strategies
    • Leveraged & Inverse
    • Managed Futures
    • Market Insights
    • Modern Alpha
    • Night Effect
    • Portfolio Strategies
    • Retirement Income
    • Richard Bernstein Advisors
    • Tax Efficient Income
    • Volatility Resource
  • Tools
    • ETF Screener
    • ETF Country Exposure Tool
    • ETF Sector Tracker Tool
    • ETF Database Categories
    • Head-To-Head ETF Comparison Tool
    • ETF Stock Exposure Tool
    • ETF Issuer Fund Flows
    • Indexes
    • Mutual Fund To ETF Converter
  • Research
    • ETF Education
    • Equity Investing
    • Dividend ETFs
    • Leveraged ETFs
    • Inverse ETFs
    • Index Education
    • Index Insights
    • Top ETF Sectors
    • Top ETF Issuers
    • Top ETF Industries
  • Webcasts
  • Themes
    • AI ETFs
    • Blockchain ETFs
    • See all Thematic Investing ETF themes
    • ESG Investing
    • Marijuana ETFs
  • Multimedia
    • ETF 360 Video Series
    • ETF of the Week Podcast
    • ETF Prime Podcast
    • Video
  • Company
    • About VettaFi
    • Get VettaFi’ed
  • PRO
    • Pro Content
    • Pro Tools
    • Advanced
    • FAQ
    • Pricing
    • Free Sign Up
    • Login
  1. Jane Street’s Ugo Egbunike: Your 3 BFFs for ETF Trading
News
Share

Jane Street’s Ugo Egbunike: Your 3 BFFs for ETF Trading

Elle CarusoFeb 05, 2023
2023-02-05

Jane Street’s Fixed Income Specialist Ugo Egbunike offers advisors the “three best friends” for navigating ETF trading.

2022 was a record year in ETF trading volume, yet many advisors have key areas to improve ETF trading.

Jane Street’s Fixed Income Specialist Ugo Egbunike reviewed on Sunday at Exchange: An ETF Experience the best practices for shifting advisors’ portfolio towards ETFs and ensuring the strongest end client experience.

“Even as RIAs, even as financial advisors, you are essentially operating in the same way that institutional investors operate,” Egbunike said. " I want you all to leave here today, knowing that you have three best friends within the ETF trading ecosystem."

The first best friend introduced by Egbunike is the limit order, which offers a guaranteed price but not execution, as the ETF may never reach the desired price.

“That being said, given the liquidity profile of ETF, there might be a need to make an adjustment on the price to reach an execution,” Egbunike said. “We’ll go into this a bit later, but you’ll have to contact the other best friends to make sure it works.”

Ugo Egbunike,ETF Specialist
Ugo Egbunike, ETF Specialist at Jane Street

Content continues below advertisement

The second-best friend is a contact at the ETF capital markets desk of the ETF in which you’ve decided to invest.

“Whether it’s BlackRock, Vanguard, State Street, or the smallest issuers that you can think of, they all have individuals on their cap markets desk whose sole role is to help you all in your execution needs, to make sure that you can get out of in and out the ETF at a reasonable price,” Egbunike said.

The third and final best friend for financial advisors and RIAs within the ETF trading ecosystem is working with market makers, such as Jane Street. When RIAs and advisors have the ability to trade directly with market makers, they have a menu of options, the most common of which is a risk trade where the client receives a one-way or two-way quote for the entire trade.  This allows for an immediate price guarantee and helps to minimize market impact.

“All these together allow you to have more control over the execution of that particular ETF, but it’s key to understand that even as a smaller investor, a lot of these tools are available to you by utilizing the network of those three best friends, whether it’s a limit order, whether it’s contacting the ETF capital markets, or calling us directly as a market maker when you’re looking to trade that ETF,” Egbunike said.

For more coverage of Exchange 2023, please visit VettaFi | ETFdb.

» Popular Pages

  • Tickers
  • Articles

Mar 31

The Yield Curve Is Sending A Recession Warning

Mar 31

Main Management Market Note: March 31, 2023

Mar 31

ETF Issuer League: ProShares Comes in 3rd in Flows

Mar 31

Travel ETFs Hold On To Strong YTD Returns

Mar 31

Investors Are Allocating to Invesco’s GARP ETF

Mar 31

This March, MLPs Demonstrate Resiliency

Mar 31

Merge Treasuries and Active Core Equities in NTSX

Mar 31

VettaFi Voices on: What Is Overlooked in Fixed Income

Mar 31

The Fed: Tap-Dancing on a Tightrope

Mar 31

Avoid Concentration Risk in These Sectors

QQQ

Invesco QQQ Trust

SPY

SPDR S&P 500 ETF Trust

VOO

Vanguard S&P 500 ETF

VGT

Vanguard Information...

SMH

VanEck Semiconductor ETF

XLK

Technology Select Sector SPDR...

VTI

Vanguard Total Stock Market...

SOXX

iShares Semiconductor ETF

BLOK

Amplify Transformational Data...

META

Roundhill Ball Metaverse ETF


Content continues below advertisement

Loading Articles...
Help & Info
  • Contact Us
Tools
  • ETF Screener
  • ETF Analyzer
  • Mutual Fund to ETF Converter
  • Head-To-Head ETF Comparison
  • ETF Country Exposure Tool
  • ETF Stock Exposure Tool
  • ETF Performance Visualizer
  • ETF Database Model Portfolios
  • ETF Database Realtime Ratings
  • ETF Database Pro
More Tools
  • ETF Launch Center
  • Financial Advisor & RIA Center
  • ETF Database RSS Feed
Explore ETFs
  • ETF News
  • ETF Picks of the Month
  • ETF Category Reports
  • Premium Articles
  • Alphabetical Listing of ETFs
  • Best ETFs
  • Browse ETFs by ETF Database Category
  • Browse ETFs by Index
  • Browse ETFs by Issuer
  • Compare ETFs
Legal
  • Terms of Use and Privacy Policy
  • © 2023 VettaFi LLC. All rights reserved.
Follow ETF Database
Follow ETF Database

Advertisement

Is Your Portfolio Positioned With Enough Global Exposure?

ETF Education Channel

How to Allocate Commodities in Portfolios

Tom LydonApr 26, 2022
2022-04-26

A long-running debate in asset allocation circles is how much of a portfolio an investor should...

Core Strategies Channel

Why ETFs Experience Limit Up/Down Protections

Karrie GordonMay 13, 2022
2022-05-13

In a digital age where information moves in milliseconds and millions of participants can transact...

}
X