Americas ETP News
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Brazil may be heading for a subprime crisis
February 21, 2011--Brazil has been on a credit binge – over the past 5 years credit growth has run at 2.4 times nominal gross domestic product. This compares with 2, 1.6 and 1.2 times for Russia, India and China respectively.
Normally this isn’t a problem, as leverage is rising from a low level and the ratio of loans to GDP is “only” 46 per cent; this compares with private sector debt in the US at 165 per cent of GDP.
read more
Source: FT.com
IOSCO identifies benefits of organised platform derivatives trading
February 18, 2011--The Technical Committee of the International Organisation of Securities Commissions (IOSCO) has published a Report on Trading of OTC Derivatives. The report analyses the benefits, costs, and challenges associated with increasing exchange and electronic trading of over-the-counter (OTC) derivative products and contains recommendations to assist the transition of trading in standardised derivatives products from OTC venues onto exchanges and electronic trading platforms (organised platforms) while preserving the efficacy of those transactions for counterparties.
The Report was prepared by the Technical Committee’s Task Force on OTC Derivatives Regulation (Task Force), in response to a request from the Financial Stability Board to examine increasing exchange and electronic trading of OTC derivative products in response to the G-20 Leaders’ commitments on this issue and their stated objectives of improving transparency, mitigating systemic risk, and protecting against market abuse in the derivatives markets.
view report- Report on Trading of OTC Derivatives
Source: IOSCO
Opening Statement, Meeting of the: Joint Advisory Committee on Emerging Regulatory Issues
February 18, 2011--Good morning. I am pleased to join Chairman Schapiro in welcoming the members of the Joint CFTC-SEC Advisory Committee on Emerging Regulatory Issues to our fifth public meeting. This is the third time this week that Chairman Schapiro and I have shared a table. I had the honor of testifying alongside Chairman Schapiro before Congressional committees in both the House and Senate on implementation of the Dodd-Frank Act. We also are focused on strengthening our markets to prevent similar events as those that occurred on May 6 of last year.
I would like to thank Chairman Schapiro, her fellow Commissioners and the staff of the SEC for all they have done on the May 6 review as well as our strong collaboration with regard to the Dodd-Frank Act.
I also would like to thank the staff of the CFTC for all of their hard work planning this meeting, reviewing the circumstances surrounding May 6 and working with the Committee.
I want to recognize and thank my fellow CFTC Commissioners, Mike Dunn, Jill Sommers, Bart Chilton and Scott O’Malia.
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Source: CFTC.gov
CFTC to Hold Open Meeting on Twelfth Series of Proposed Rules under the Dodd-Frank Act
February 18, 2011-- The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Thursday, February 24, 2011, at 9:30 a.m. to consider the issuance of proposed rulemakings under the Dodd-Frank Wall Street Reform and Consumer Protection Act on the following topics:
Registration of intermediaries;
Antidisruptive trading practices authority interpretive order;
Amendments to Commodity Pool Operator and Commodity Trading Advisor regulations;
Swap data recordkeeping and reporting requirements for pre-enactment and transition swaps;
and Requirements for processing, clearing and transfer of customer positions
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Source: CFTC.gov
DB Index & ETF Research -- US ETF+ Monthly Directory : January 2011 ETPs
February 19, 2011--This document includes all US listed exchange-traded funds (ETFs) and exchange-traded vehicles (ETVs), plus a special section covering exchange-traded notes (ETNs). The directory is organized by asset class and asset-class-related sub sections. Within each sub section it has also been sorted. For Equity and Fixed Income ETPs it is sorted by country in alphabetical order and by AUM in descending order, and for the other ETP asset classes it is sorted by sub sector in alphabetical order and by AUM in descending order.
A number of key information per product has been included in order to enable the reader to get an overview in their respective area of interest. Among the key numeric information we include avg. daily turnover, assets under management, and cash flows (all in $US).
To request a copy of the report
Source: Deutsche Bank Global Equity Index & ETF Research
CFTC.gov Commitments of Traders Reports Update
February 18, 2011--The current reports for the week of February 15, 2011 are now available.
view updates
Source: CFTC.gov
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
February 18, 2011--The shareholders of Avoca Resources Limited (ASX:AVO) and Anatolia Minerals Development Limited (TSX:ANO) have agreed to the Merger Implementation Deed whereby the two companies will be merged to form Alacer Gold Corp. (TSX:ASR). Shareholders of Avoca will receive 0.4453 shares of the new Alacer Gold for each share held and Anatolia shareholders will receive Alacer Gold on a 1-for-1 basis.
The relative weight of Alacer Gold (formerly Anatolia) will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity and Capped Equity, the S&P/TSX Completion and Equity Completion, the S&P/TSX SmallCap and Equity SmallCap, the S&P/TSX Global Mining and Global Gold and the S&P/TSX Capped Materials indices to reflect the issuance of Alacer Gold shares as part of the transaction, which will become effective after the close of Tuesday, February 22, 2011.
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 & Poors
ETF Securities USA files with the SEC
February 18, 2011--ETF Securities has filed a pre-effective amendment No. 4
to Form S-1 for the ETFS Collateralized Commodities Trust.
view filing
Source: SEC.gov
PowerShares files with the SEC
February 18, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for PowerShares Convertible Portfolio.
view filing
Source: SEC.gov
PowerShares files with the SEC
February 18, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for PowerShares Financial Corporate Bond
PowerShares Industrial Corporate Bond Portfolio
PowerShares Utilities Corporate Bond
view filing
Source: SEC.gov
