New products and changes introduced over the last week include a planned energy futures market from Nasdaq; a managed investment solution from SunGard; and a wealth management educational program from Envestnet.
Also, the Academy of Preferred Financial Advisors has launched its Exclusive Coaching Program and Reich & Tang announced the liquidation of its money market mutual funds.
Here are the latest developments of interest to advisors:
1) Nasdaq to Establish Energy Futures Market
What Your Peers Are Reading
Nasdaq has announced the establishment of an energy futures market, Nasdaq Futures (NFX), which will launch mid-2015 pending regulatory approval. The market will offer cash-settled energy derivatives based on key energy benchmarks including oil, natural gas and U.S. power.
Products will be cleared through the Options Clearing Corp., and Trading Technologies International will provide connectivity to NFX. OptionsCity Software has been selected as the preferred vendor for NFX and trading technology firm Orc will include NFX on its first day of trading.
2) SunGard Adds Managed Investment Solution
SunGard has announced the launch of an integrated managed investment solution to provide wealth advisors and financial institutions the opportunity to offer managed accounts.
The platform provides trust accounting solutions, several traditional fully disclosed custodians and outsourced middle- and back-office functions.
3) Envestnet Launches Online Educational Program