JP Morgan To Provide Fund Services and Prime Custody For FFCM's Equity ETFs

JP Morgan has been selected by investment management firm FFCM LLC to provide a suite of securities services, including fund administration, fund accounting, and custody, along with prime custody services, for FFCM's recently launched family of equity ETFs, QuantShares.

The QuantShares ETFs will be "market neutral," holding both long and short positions in approximately equal dollar amounts. They are among the first ETFs to engage in shorting physical securities. FFCM LLC has also chosen JP

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