We have signed trading agreements with a couple of firms and set up what needs to be set up on the back end for trades to clear. We have a lot of testing to do starting on Thursday with my role being to submit fake trades almost everyday until the launch. The number of departments and personnel involved in supporting the fund at the custodian bank is far more than I ever imagined.
While this is all new to us it is old hat for everyone else involved which is very comforting. I'll try to share any news as we go along but things appear to be going smoothly.
Unrelated the fire season here in Northern Arizona won't quite go away yet. The humidity has gone up a little which is an early sign of our rainy season (which is the end of our fire season) coming but we are not quite there yet. Of course humidity is all relative, ahem, if we get an RH in the 20s during the summer we think of that as very humid but in Florida if their RH goes down into the 30s they consider that to be extreme fire danger.
4 comments:
Hi Roger,
With the expected launch date a little more than two weeks away will Advisor Shares be putting out any additional information about the ETF? I have been watching the Advisor Shares website and noticed that RRGR finally made it onto the ETF product guide ETF. I think at one point a couple of months ago you were on a conference call with Advisor Shares talking about the new ETF. I wasn't able to listen to the call. Any chance of this call being made available to the investing public?
Thanks
I don't think they are on the website. I have an email in to them to ask.
Humidity in SW florida right now is about 135%. It's been raining on and off for about a week. I lost track after 8 inches.
Sam
that sounds pleasant [/sarcastic font]
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