Americas ETP News
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U.S. One files with the SEC
August 18, 2010--U.S. One has filed an order for exemptive relief with the SEC.
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Source: SEC.gov
ETFS Physical Swiss Gold Shares (SGOL) experiences highest daily trading volume since inception
August 17, 2010--SGOL Volume: SGOL volume reached a record 1.74m shares on August 11th, 2010.
SGOL Assets under Management: Total assets for SGOL now exceed $695M as of August 13th, 2010.
ETF Securities USA LLC (ETFS) announced a record days trading volume in ETFS Physical Swiss Gold Shares (SGOL) of 1.74m shares or approx $208m in dollar value traded. 1.74m shares represents the largest one day volume since SGOL’s inception on September 9th, 2009.
ETFS Gold Trust
The objective of the ETFS Gold Trust’s (SGOL) shares reflect the performance of the price of Gold, less the Trust’s expenses. The Trust is open ended and is designed for investors who want a cost-effective (1) and convenient (2) way to invest in Gold as well as diversify their precious metal holdings. SGOL has an expense ratio of 0.39% (3) per annum.
ETFS Gold Trust (SGOL) is backed by allocated Gold bullion and stored in secure vaults in Switzerland by the Custodian, JPMorgan Chase Bank, N.A, one of the world's leading Custodians for precious metals. The Shares represent an interest in physical gold owned by the Trust. The physical gold of the Trust is subject to minimal counterparty or credit risks, which contrasts with other offerings that achieve bullion exposure through the use of derivatives.
William Rhind, Head of Sales & Marketing for ETFS Marketing LLC, commented:
“Last week’s exchange traded volume of 1.74 million shares in SGOL is a landmark event for the product. SGOL continues to appeal to investors looking for a way to gain exposure to physical gold in Switzerland”.
For more information please visit www.etfsecurities.com
Source: ETFS Marketing LLC
Exchange-Traded Funds: US ETF Weekly Update-Morgan Stanley
August 17, 2010--Highlights
Weekly Flows: $10.3 Billion Net Outflows
ETFs Traded $306 Billion Last Week
Launches: 3 New ETFs
Claymore to Close 4 ETFs
US-Listed ETFs: Estimated Flows by Market Segment
ETFs had net cash outflows of $10.3 blnlast week, reversing 5 weeks of net inflows
Weekly net outflows were dominated by US-based ETFs; only 22% of ETFs generated net inflows last week
ETF assets stand at $811 bln; down 4% last week
13-wk flows have turned mixed
$11.9 bln net inflows into ETFs over 13 wks; Fixed Income & International -EM capture most new money
US-Listed ETFs: ETF Dollar Volume
Market share of monthly ETF volume as % of listed volume has nearly tripled over 5 yrs
US Large-Cap accounts for 46% weekly ETF volume, but only has 20% of market cap
Fixed Income accounts for only 3% weekly ETF volume, but has 17% of market cap
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Source: Morgan Stanley
FactorShares files Form S-1 with SEC-FactorShares S&P US Anti-Equity
August 17, 2010-August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for FactorShares S&P US Anti-Equity.
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Source: SEC.gov
FactorShares files Form S-1 with SEC -FactorShares S&P Crude Oil Premium
August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for FactorShares S&P Crude Oil Premium.
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Source: SEC.gov
FactorShares files Form S-1 with SEC
August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for FactorShares S&P Gold Premium.
view filing
Source: SEC.gov
FactorShares files with the SEC
August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for FactorShares S&P US Equity Anti-USD.
view filing
Source: SEC.gov
FactorShares files with the SEC-FactorShares S&P US Equity Premium
August 17, 2010--FactorShares has filed a pre-effective amendment No.2 to Form S-1 for
FactorShares S&P US Equity Premium-NYSE Arca Symbol: FSE
view filing
Source: SEC.gov
Emerging Markets Week in Review -8/9/2010 - 8/13/2010
August 16, 2010--The Dow Jones Emerging Markets Sector Titans Composite Index declined 3.55% last week as all sectors fell on concerns of a slowing global economic recovery. Consumer Services and Goods declined the least, falling by only 0.99% and 1.69% respectively.
Both sectors continue to lead the emerging markets this year. Materials and Energy, the two worst performers in 2010, dragged the market down, losing 4.18% ad 4.38% respectively.
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Source: Emerging Global Advisors
ISE Recommends SEC Review of Anticompetitive and Discriminatory Fee Practices in the Options Industry
August 16, 2010--The International Securities Exchange (ISE) announced today that it has submitted a comment letter to the Securities and Exchange Commission (SEC) recommending that
the SEC examine certain anticompetitive and discriminatory fee practices at three options exchanges.
The letter expands upon previous comments that ISE submitted in response to the SEC’s proposed amendments to Rule 610 of Regulation NMS that would prohibit an options exchange from imposing unfairly discriminatory terms limiting access to its quotations. ISE’s new comment letter describes high
fees targeted at certain market participants at the Boston Options Exchange (BOX), Chicago Board
Options Exchange (CBOE), and Nasdaq OMX PHLX (PHLX) that harm retail investors by serving as a barrier to competition to interact with retail order flow.
“ISE has always been committed to fostering a fair, efficient marketplace for all types of investors. As fee
schedules in the options industry grow increasingly complex, it is important for the SEC to ensure that
opaque fee practices do not foster unfair discrimination among categories of market participants nor work
against the robust competitive standards the Commission has set for the marketplace,” said Gary Katz,
President and Chief Executive Officer of ISE. “We have identified three instances where other options
exchanges are using their fee schedules to ‘stack the deck’ in favor of firms that seek to trade against
their retail customer order flow and deny these investors the full benefits of market competition for their
orders. As part of their ongoing review of market structure issues, we urge the SEC to examine these
practices and to take the necessary actions to prevent discriminatory fees that harm retail options
investors.
The discriminatory fee practices identified by ISE relate to certain fees applied to orders executed in BOX’s Price Improvement Period (PIP) and in the CBOE’s PIP-equivalent, known as the Automated Improvement Mechanism. Additionally, ISE’s comment letter examines a discriminatory fee levied by
PHLX for participants seeking to interact with Facilitation Orders transacted on the exchange floor.
ISE’s comment letter is available on its website.
Source: International Securities Exchange (ISE)
