Does the ETC Explosion Spell Trouble For Financial Services Industry?
Do you think anyone in the financial services industry stops to wonder if, by offering so many new ways for the public to buy commodities, they might be planting the seeds of their own demise? Or, at least, helping to end business as it is currently practiced as the shift from paper to tangible assets continues despite the repeated attempts by the mainstream financial media to thwart its progress. A case in point is the recent explosion in exchange traded products for commodities – not commodity stocks, the commodities themselves – the most recent addition being the six new ETCs (Exchange Traded Commodities) based on crude oil futures contracts, soon to begin trading in London. Resource Investor has all the details: ETF Securities Plans Launch of Six Oil ETCs By Jane Louis ETF Securities is set to launch six new oil exchange traded commodities [ETCs] on the London Stock Exchange within the next few weeks. The new ETCs will give investors a unique “opportunity to gain direct and simple
