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FactorShares files with the SEC
January 20, 2011--FactorShares has filed a pre-effective amendment NO. 4
to Form S-1 with the SEC for FactorShares 2X: S&P500 Bull/TBond Bear.
view filing
Source: SEC.gov
Van Eck files with the SEC
January 20, 2011--Van Eck has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Record amounts withdrawn from US muni funds
January 20, 2011--Investors withdrew record amounts of cash from funds that invest in US municipal bonds in the past week as industry and fiscal analysts urged that concerns about the stress on state and local government finances was overblown.
Despite the outflows, the $3,000bn municipal bond market where states and local governments raise money, had begun to stabilise.
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Source: FT.com
Commodity Futures Trading Commission’s Technology Advisory Committee to Meet January 27, 2011
direct market access controls and costs and technology challenges in implementing the Dodd-Frank Wall Street Reform and Consumer Protection Act
January 20, 2011-- The Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee (TAC) will hold its third meeting on January 27, 2011,at 1:00 p.m. in the CFTC’s Washington, DC headquarters’ Hearing Room.
The TAC will discuss pre-trade functionality, direct market access controls and costs and technology challenges in implementing the trade execution, processing and records management requirements of the Dodd-Frank Act. Dr. Michael Gorham, Illinois Institute of Technology (IIT) Industry Professor of Finance and Director of the ITT Center for Financial Markets, will present the Pre-Trade Functionality Subcommittee Report on Direct Market Access Controls.
“As the Commission continues its brisk pace in implementing new regulations under the Dodd-Frank Act, technology remains more important than ever,” TAC Chairman and CFTC Commissioner Scott O’Malia said. “In the over 40 proposed rules released to date, technology is the common thread that runs throughout the challenges imposed by each rulemaking. It is the tool that will enable the CFTC to fulfill its heightened oversight and surveillance responsibilities as mandated by the Dodd-Frank Act in as cost-effective and efficient a manner as possible.
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Source: CFTC.gov
Opening Statement, Public Meeting on Proposed Rules Under Dodd-Frank Act
January 20, 2011--Commissioner Michael V. Dunn
January 20, 2011--Thank you all for joining us today for this important meeting regarding the implementation of the Dodd-Frank Act. Today’s meeting will address proposed rules regarding:
Commodity Options and Agricultural Swaps; and
Swap Trading Relationship Documentation Relating to Termination Provisions Implicated Under Title II of the Dodd-Frank Act
he proposed rule regarding agricultural swaps is of particular interest to me. In September, the Commission published an Advanced Notice of Proposed Rulemaking requesting comments regarding rules governing the trading of swaps in agricultural commodities. The comments received by the Commission were nearly unanimous in their support for treating agricultural swaps under the same regulatory scheme as other categories of swaps, and the rules proposed today do just that. Among others, I found the comments from the National Council of Farmer Cooperatives particularly helpful. The rules we promulgate must not diminish the ability of farmer cooperatives to provide their producers with risk management tools. I look forward to receiving comments on today’s proposed rule, so that we can be certain that the ultimate rule regarding swaps in agricultural commodities provides an appropriate framework for these important transactions.
read more
Source: CFTC.gov
Brazil ups rates and signals more tightening
January 19, 2011--Brazil’s central bank raised interest rates by 50 basis points and signalled further tightening in the weeks to come as Latin America’s biggest economy seeks to rein in a worrying surge in inflation.
In a hawkish statement, the central bank increased the benchmark Selic rate to 11.25 per cent in a move that could lead to further pressure on Brazil’s currency, the real, to appreciate against the dollar.
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Source: FT.com
CFTC Staff to Host Public Roundtable to Discuss Swap Data Recordkeeping and Reporting Requirements
January 19, 2011--Staff of the Commodity Futures Trading Commission (CFTC) will hold a public roundtable on January 28, 2011, from 9:00 am to 5:00 pm to discuss issues related to swap data recordkeeping and reporting requirements. The roundtable will assist the CFTC in the understanding and implementation of Section 728 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Unique Counterparty Identification (UCI);
Unique Product Identification (UPI);
Unique Swap Identification (USI); and Master Agreement Library and Portfolio Data Warehouse.
The roundtable will be held in the Lobby Level Hearing Room at the CFTC’s Headquarters, Three Lafayette Centre, 1155 21st Street, NW, Washington DC. The discussion will be open to the public with seating on a first-come, first-served basis. Members of the public may also listen by telephone and should be prepared to provide their first name, last name and affiliation.
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Source: CFTC.gov
Van Eck files with the SEC
January 18, 2011--Van Eck has filed a post effective amendment, registration statement with the SEC for the Market Vectors Russia Small-Cap ETF.
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Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
January 19, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
The shareholders of Potash One Inc. (TSX:KCL) have accepted the cash offer of $CDN4.50 per share from K+S Canada Holdings Inc.
Potash One will be removed from the S&P/TSX SmallCap and Equity SmallCap indices after the close of trading on Wednesday, January 26, 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
First Trust files with the SEC
January 19, 2011--First Trust has filed a post effective amendment, registration statement with the SEC for
ALPHADEX(R) FUNDS
First Trust Mid Cap Growth AlphaDEX(R) Fund
First Trust Mid Cap Value AlphaDEX(R) Fund
First Trust Small Cap Growth AlphaDEX(R) Fund
First Trust Small Cap Value AlphaDEX(R) Fund
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Source: SEC.gov
