Mark Esposito and Esposito Partners (EP) will be ringing the opening bell of the New York Stock Exchange to announce the listing of the new Javelin Exchange Traded Fund. Esposito’s strategic push into Sub-Advisory has been driven by our clients’ request for us to offer an array of services. Our growth has been fueled by partnering with our clients to fill unmet needs through core competencies with innovative processes and creatively implementing technology platforms.
Ringing the opening bell of the New York Stock Exchange at 9:30 a.m. EST Monday through Friday is a nationally televised daily event. In 1871, the Exchange eliminated the gavel and replaced it with a Chinese gong to kick off trading. In 1903, with the move to its current Wall Street location, the NYSE adopted a shiny, electrically operated bell. Although guests started making podium appearances in 1956, ringing the bell had been largely the task of the Exchange floor managers. In 1995, the NYSE discovered the marketing impact potential, and the bell ringing tradition was changed forever. Today, most of the 10 weekly bell-ringing affairs are performed by guests.
"It is an amazing opportunity to be a part of Wall Street’s largest stage," says Mark Esposito, CEO of Esposito Partners in Dallas, Texas. Esposito and his team have been invited by Javelin to ring the opening bell the morning of Monday, August 10th, 2009. Mark strongly feels, "This is one of the highlights of my professional career and Esposito is proud of our association with Javelin and to be a part of this great tradition." The fund is named JETS Dow Jones Islamic Market International Index Fund and trades under the NYSE ticker symbol JVS.
Esposito Partners, a Registered Investment Advisor (RIA), as Sub-Advisor draws from many different experiences and backgrounds to provide "best in class" service. We have many existing relationships that have realized a mutual benefit by designating EP as their Sub-Advisor of choice. Working closely with the ETF's custodian and trustee, EP has developed processes designed to minimize the costs and tracking errors in order to optimize the efficiencies associated with domestic and global multi-asset class ETFs. The benchmark of Esposito Partners is a commitment to customer service.
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