Americas ETP News
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CME chief attacks CFTC over reforms
August 31, 2011--The head of CME Group, the US’s biggest futures exchange, has launched a fierce public attack on Washington regulators, saying the way new financial rules have been written is legally unsound and calling for their implementation to be delayed.
In a letter to the Commodity Futures Trading Commission, the US futures watchdog, Craig Donohue, CME chief executive, accused the agency of failing to conduct an adequate cost-benefit analysis of its proposed rules stemming from last year’s Dodd-Frank Act, which overhauled financial regulation.
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Source: CME Group
Van Eck files with the SEC
August 30, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Mortgage REIT Income ETF.
view filing
Source: SEC.gov
Board Of Governors Of The Federal Reserve System: Minutes Of The Federal Open Market Committee, August 1 And August 9, 2011
August 30, 2011--The Federal Reserve Board and the Federal Open Market Committee (FOMC) on Tuesday released the attached minutes of the Committee meeting held on August 9, 2011 and of the conference call held on August 1, 2011.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. The descriptions of economic and financial conditions contained in these minutes are based solely on the information that was available to the Committee at the time of the meeting.
view Minutes of the Federal Open Market Committee-August 9, 2011
Source: FRB
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
August 30, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Tuesday, August 30, 2011:
Redhawk Resources, Inc. (TSXVN:RDK) will be removed from the index. The company will graduate to trade on TSX under the same ticker symbol.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
BATS Receives SEC Approval on Rules for U.S. Primary Listings Business
SCHEDULED TO LAUNCH LISTINGS BUSINESS IN FOURTH QUARTER OF 2011
August 30, 2011-- BATS Global Markets (BATS), a global operator of stock and options markets, today announced it received approval from the Securities and Exchange Commission (SEC) on the rules for its U.S. primary listings business, which will launch in December 2011.
As a new primary listings venue, BATS will provide issuers an alternative place for initial public offerings (IPOs), stock listing transfers, and dual-listed stocks. All securities will be listed on the BATS BZX Exchange. BATS is the third largest U.S. stock exchange operator, behind NASDAQ and NYSE.
"We are excited to bring competition to the primary listings market in the U.S. as we believe there is a great opportunity to satisfy unmet needs of current and future public companies and other issuers," said Joe Ratterman, president and chief executive of BATS Global Markets. "Creating a competitive alternative to the incumbent exchanges that brings simple, competitive pricing and superior technology coupled with our world-class customer support, will drive innovation in this market and allow issuers more choice."
A copy of the approved rules is available on the BATS Listings website at www.batstrading.com/listings.
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Source: BATS Global Markets
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
August 30, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
On Friday, August 26, 2011, trading on TSX in Sino-Forest Corporation (TSX:TRE) was halted by order of the Ontario Securities Commission. The S&P/TSX index committee has determined that Sino-Forest no longer qualifies to be a constituent of the S&P/TSX Composite Index.
As a result, the company will be removed at zero price from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion and the S&P/TSX Capped Materials Indices after the close of trading on Friday, September 16, 2011, as part of the quarterly review of the S&P/TSX Composite Index.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poor's
Unlike Banks, This Wall St. Group Embraces Dodd-Frank
August 30, 2011--While the United States military has Defcon, the tiered alert system used during times of national crisis, Wall Street has fashioned a critical event of its own, Sefcon.
The industry conference known as Sefcon is devoted to the relatively obscure swap execution facility, or SEF, the electronic derivatives marketplace designated under the Dodd-Frank Act, the sweeping financial regulatory overhaul.
With Washington cracking down on derivatives, Sefcon’s nod to Defcon was not coincidental.
“I thought that Sefcon would give people a sense of urgency,” said Chris Ferreri, a co-founder of the event and a managing director at ICAP, the largest derivatives broker for banks, which plans to register with regulators as a swap execution facility.
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Source: Deal Book
Knight Uses Its Size to Thwart HFTs
August 30, 2011--Knight Capital Group has revamped technology used by its institutional customers to help them steer clear of high-frequency traders.
Because some HFTs are looking to take advantage of the information inherent in large institutional orders, Knight has rejiggered the technology supporting its Knight Direct execution management system to avoid imparting too much information.
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Source: Traders Magazine
John Hancock files with the SEC
August 29, 2011--John Hancock has filed a second amended and restated application for exemptive relief with the SEC. In addition, the Applicants are also requesting relief (“Master-Feeder Relief”) to permit the Feeder Funds to
acquire shares of Master Funds beyond the limitations in Section 12(d)(1)(A) of the Act and permit the Master Funds, and any principal underwriter for the Master Funds, to sell shares of the Master Funds to the Feeder Funds beyond the limitations in Section 12(d)(1)(B) of the Act.
view filing
Source: SEC.gov
John Hancock files with the SEC
August 29, 2011--John Hancock has filed a second amended and restated application for exemptive relief with the SEC.
view filing
Source: SEC.gov
