Fox Spotlight is one of the most innovative ETF trading platforms in the market. It’s the brainchild of Fox River Execution in collaboration with iShares®, the world’s largest manager of exchange traded funds. Designed from the ground up to handle the unique characteristics of the ETF market, Fox Spotlight recognizes that ETFs are arbitrage instruments and trades them accordingly.

Fox Spotlight is for traders looking for immediate execution on an agency basis at the right price. It challenges the logic of trading ETFs through an algorithm and addresses the main problems associated with ETF trading. Fox Spotlight offers:

• Ability to execute large orders relative to an ETF’s displayed volume
• Dynamic, intelligent limit calculations to minimize impact
• Execution speeds are accelerated to minutes, if not seconds or even milliseconds

Trades once considered too large for the market are now executed with confidence

Fox Spotlight tracks the underlying stocks in an ETF in real time, while trading in only the ETF itself. With real-time knowledge of where both the ETF and the underlying stocks are trading, Fox Spotlight leverages the true liquidity in the ETF market. We define true liquidity as the combined liquidity of the ETF and its underlying securities. The entire trading process is unusually efficient and completely transparent.

We understand the structure and liquidity of ETFs, as well as the challenges traders face with the existing set of execution systems. Our answer is Fox Spotlight, and the results speak for themselves.