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ISE Reports Business Activity for June 2011
July 1, 2011--Dividend trades made up 4.6% of industry volume in June 2011.
ISE is the third largest equity options exchange in June with market share of 18.4%, excluding dividend trades.
The International Securities Exchange (ISE) today reported average daily volume of 2.8 million contracts
in June 2011. This represents an increase of 5.0% compared to June 2010. Total options volume for the
month was 60.9 million contracts. ISE was the third-largest U.S. equity options exchange in June with
market share of 18.4%*. Business highlights for the month of June include:
On June 10, 2011, ISE filed a proposal with the Securities and Exchange Commission (SEC) to restructure the Competitive Market Maker (CMM) trading rights on its options exchange. The new
structure will grant greater flexibility to new and existing CMMs to select the options classes they
would like to quote. Implementation of the new structure is subject to SEC approval.
On June 16, 2011, ISE announced the launch of two new indexes, the ISE Oil Futures SpreadTM Index (Ticker: GZN) and the ISE Natural Gas Futures SpreadTM Index (Ticker: GYY). These new indexes track continuous exposure to oil futures prices and natural gas futures prices, using packaged calendar spread strategies. Also on June 16, UBS launched two exchange-traded notes (ETNs) linked to these indexes under the tickers OILZ and GASZ, respectively.
Aggregate assets under management for the ETFs based on ISE’s proprietary indexes was $1.2 billion as of June 30, 2011.
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Source: International Securities Exchange (ISE)
Wisom Tree files with the SEC-WisdomTree Emerging Market Corporate Bond Fund
July 1, 2011--Wisdom Tree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree Emerging Market Corporate Bond Fund.
view filing
Source: SEC.gov
Wisdom Tree files with the SEC
July 1, 2011--Wisdom Tree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree China Local Debt Fund.
view filing
Source: SEC.gov
State Street files with the SEC
July 1, 2011--State Street has filed a post-effective amendment, registration statement with the SEC for the
SPDR S&P® Small Cap Emerging Asia Pacific ETF
SPDR S&P Small Cap Emerging Europe ETF
SPDR S&P Small Cap Emerging Latin America ETF
SPDR S&P Small Cap Emerging Middle East & Africa ETF
view filing
Source: SEC.gov
State Street files with the SEC
July 1, 2011--State Street has filed a post-effective amendment, registration statement with the SEC for the
SPDR S&P® 1500 Value Tilt ETF
SPDR S&P 1500 Momentum Tilt ETF and the SPDR S&P 1500 Volatility Tilt ETF
view filing
Source: SEC.gov
EGA Emerging Global Shares files with the SEC
July 1, 2011--EGA Emerging Global Shares has filed a post-effective amendment, registration statement with the SEC.
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Source: SEC.gov
Direxion files with the SEC
July 1, 2011--Direxion has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
Currency war fears reignite in Brazil
July 1, 2011--The Brazilian real has soared to a 12-year high against the dollar, reigniting Brazil’s currency war fears and worsening the economic headache for President Dilma Rousseff.
The real traded at a high of 1.5523 versus the US currency on Friday, its strongest level since just after it was first floated in 1999, as investors sought higher-yielding assets following the easing of the Greek debt crisis.
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Source: FT.com
Surprise as US factory activity rises
July 1, 2011--The pace of growth in US manufacturing picked up for the first time in four months in June, surprising investors and fueling optimism the recent economic slowdown will be temporary.
A separate survey showed that although lower gasoline prices helped temper the gloomy mood among consumers last month, their expectations for the economy remained bleak.
The manufacturing report eased fears that the US economic recovery could remain sluggish, though some economists cautioned it was too soon to tell if economic growth had turned a corner.
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Source: FIN24
SEC Announces Agenda and Panelists for Roundtable on International Financial Reporting Standards
June 30, 2011--The staff of the Securities and Exchange Commission today announced the panelists and final agenda for the International Financial Reporting Standards (IFRS) Roundtable to be held July 7.
The roundtable will feature three panels representing investors, smaller public companies, and regulators. The panel discussions will focus on topics such as investor understanding of IFRS, the impact on smaller public companies, and on the benefits and challenges of incorporating IFRS into U.S. public company accounting.
The agenda and list of panelists can be found on the SEC website.
The roundtable discussion will begin at 10 a.m. and will be available by webcast on the SEC website. The webcast also will be archived for later viewing. Public seating is available on a first-come, first-served basis in the Multipurpose Room at the SEC’s headquarters at 100 F Street NE in Washington, D.C.
Members of the public who wish to provide their views on the matters to be considered at the roundtable discussion may submit comments through one of the following methods:
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Source: CFTC.gov
