Americas ETP News

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PAX World files with the SEC

March 22, 2011--PAX World has filed an application for exemptive relief with the SEC.

view filing

Source: SEC.gov


Remarks, OTC Derivatives Reform, European Parliament, Economic and Monetary Affairs Committee

March 22, 2011--Good afternoon Chairwoman Bowles and members of the Economic and Monetary Affairs Committee. I thank you for inviting me to speak today on regulatory reform of over-the-counter (OTC) derivatives, or swaps.

I am honored that this is the second time that you have asked me to appear before you, but as it goes, it is once again when my daughters are home on spring break. As I did last year, I would like to introduce my two daughters, Lee and Isabel.

Introduction

It has now been more than two years since the financial crisis, when both the financial system and the financial regulatory system failed. So many people in Europe and in the United States who never had any connection to derivatives or exotic financial contracts had their lives hurt by the risks taken by financial actors. But still, the effects of that crisis remain. Throughout the U.S. and Europe, we still have high unemployment, homes that are worth less than their mortgages and pension funds that still have not regained the value they had before the crisis. We still have significant uncertainty in the financial system.

read more

Source: CFTC.gov


Default and Recovery Rate Volatility in Recession and Recovery

April 22, 2011--Summary
The U.S. high yield par default rate fell to 1.1% at the end of February, a level far below 2009’s recession induced 13.7% and also well below the long-term average annual rate of 5.1%.

A low default rate, however, is not synonymous with low risk. In 2011, for example, key risks to the default outlook center firmly on factors that could derail the recovery. These include soaring oil prices, significantly higher interest rates or other funding disruptions due to risk aversion, and sticky unemployment. In this new study, Fitch examines the factors that have contributed to the recent dramatic, but not entirely unprecedented, swing in default rates, offering context relative to the longterm cyclical behavior of default and recovery rates.

Understanding Default Risk: Key Observations
There is substantial variability around average default rates. From peak to trough, default rates differ by multiples. This variability is further magnified by the cyclicality of recovery rates over periods of economic expansion and contraction.

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Source: Fitch Ratings


Remarks, OTC Derivatives Reform, European Parliament, Economic and Monetary Affairs Committee, Brussels, Belgium

Chairman Gary Gensler
March 22, 2011--Good afternoon Chairwoman Bowles and members of the Economic and Monetary Affairs Committee. I thank you for inviting me to speak today on regulatory reform of over-the-counter (OTC) derivatives, or swaps. I am honored that this is the second time that you have asked me to appear before you, but as it goes, it is once again when my daughters are home on spring break. As I did last year, I would like to introduce my two daughters, Lee and Isabel.

Introduction

It has now been more than two years since the financial crisis, when both the financial system and the financial regulatory system failed. So many people in Europe and in the United States who never had any connection to derivatives or exotic financial contracts had their lives hurt by the risks taken by financial actors. But still, the effects of that crisis remain. Throughout the U.S. and Europe, we still have high unemployment, homes that are worth less than their mortgages and pension funds that still have not regained the value they had before the crisis. We still have significant uncertainty in the financial system.

read more

Source: CFTC.gov


Direxion files with the SEC

March 22, 2011-Direxion has filed a post-effective amendment, registration statement with the SEC.

view filing

Source:SEC.gov


NASDAQ OMX Nordic: NASDAQ OMX Nordic offers Market Access to US and Canada

March 21, 2011--NASDAQ OMX Nordic (NASDAQ:NDAQ) today announced the launch of a connectivity service that enables Nordic and Baltic exchange members to send orders in US and Canadian equities to North American equity markets. Market Access - US&Canada utilizes existing technology platform and offers full liquidity of the US and Canadian home markets via one gateway.Hans-Ole Jochumsen, President of NASDAQ OMX Nordic says,

"As a leading global exchange company we are very pleased to offer our exchange members the opportunity to apply existing connectivity to further broaden their choice of investment strategies. With the Market Access - US&Canada, NASDAQ OMX Nordic is taking investors to the US and Canadian home market liquidity via a direct connection to trade in all US and Canadian equities." NASDAQ OMX will partner with US broker Citigroup to execute the order after the exchange member has sent the order via its existing NASDAQ OMX Nordic connection. With this innovative technical service, trading in US and Canadian equities, ADRs and ETFs will be within reach for all NASDAQ OMX Nordic and Baltic exchange members.

Read more at: http://nordic.nasdaqomxtrader.com/trading/equities/market_access_us/

Source: NASDAQ OMX


Morningstar Direct Fund Flows Update

February Long-Term Flows Strong, Ex-Munis
March 21, 2011--January's momentum continued in February as long-term flows hit $27.9 billion, nearly matching January's robust $29.8 billion take. Taxable bond and U.S. stock remained the two most popular asset classes, receiving $11.9 billion and $10.1 billion, respectively.

Municipal-bond funds stood out as the only asset class to see outflows. However, the pace slowed considerably as February redemptions were $4.4 billion versus $12.5 billion the previous month.

Alternatively, even money market funds saw inflows of $16.7 billion, reversing January's exodus of more than $75 billion.read more

Source: Morningstar


Global X files with the SEC

March 21, 2011--Global X has filed a post-effwective amendment, registration statement with the SEC for the Global X Auto ETF.

view filing

Source: SEC.gov


PIMCO’s ETF Hits $1 Billion With Active Success

March 21, 2011--Actively managed exchange traded funds (ETFs) recently hit a significant milestone as PIMCO's actively managed ETF joins the billion dollar club.

The PIMCO Enhanced Short Maturity Strategy Fund (NYSEArca:MINT) has become the first actively managed ETF to break the $1 billion milestone, and the ETF is sitting comfortably at $1.18 billion in assets, writes Hung Tran for The Mutual Fund Wire .

read more

Source: Yahoo finance


Barclays considers bid for US securities

March 21, 2011--Barclays is among a group of investors weighing a rival bid for a portfolio of mortgage-backed securities that has already drawn a $15.7bn offer from AIG, people familiar with the matter said.

The securities are owned by the Federal Reserve Bank of New York and housed within Maiden Lane II, one of the special-purpose vehicles created as part of the insurer’s $180bn rescue during the financial crisis.

read more

Source: FT.com


SEC Filings


July 21, 2025 Janus Detroit Street Trust files with the SEC-Janus Henderson Asset-Backed Securities ETF
July 21, 2025 Grayscale Funds Trust files with the SEC-Grayscale Stablecoin Ecosystem ETF
July 21, 2025 Goldman Sachs ETF Trust files with the SEC-Goldman Sachs MSCI World Private Equity Return Tracker ETF
July 18, 2025 Crossmark ETF Trust files with the SEC-Crossmark Large Cap Growth ETF and Crossmark Large Cap Value ETF
July 18, 2025 Tidal Trust IV files with the SEC-HyperScale Leaders ETF

view SEC filings for the Past 7 Days


Europe ETF News


July 02, 2025 Valour Launches Eight New ETPs on Spotlight Stock Market, Including Bitcoin Cash (BCH), Unus Sed Leo (LEO), OKB (OKB), Polygon (POL), Algorand (ALGO), Filecoin (FIL), Arbitrum (ARB), and Stacks (STX)

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Asia ETF News


July 02, 2025 Fujitsu to develop ETF trading platform based on TSE's CONNEQTOR and provide it to Australian Securities Exchange
June 25, 2025 QFIIs Gain Access to Onshore ETF Options As A-share Market Opening Deepens

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Global ETP News


July 07, 2025 WTO issues new edition of World Tariff Profiles
July 03, 2025 Flow Traders-Tokenization in Capital Markets: A Market Maker's Perspective

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Middle East ETP News


July 14, 2025 Kuwait bourse to return to debt listing and trade in 2025

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Africa ETF News


July 04, 2025 South Africa: African Development Bank Country Focus Report highlights urgent need for economic transformation as GDP growth remains subdued
July 01, 2025 Africa's Trade Projected to Hit $1.5 Trillion in 2025
June 26, 2025 National stock exchange launched in Somalia
June 24, 2025 East Africa's regional 20 share index
June 16, 2025 African Credit Rating Agency to Launch September 2025

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ESG and Of Interest News


June 30, 2025 OECD-Environment at a Glance Indicators
June 18, 2025 Global Energy Transition Gains Ground, but Security and Capital Challenges Persist
June 17, 2025 Pacific Economic Update: Slowing Growth Highlights Need for More Inclusive Workforce

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White Papers


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