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U.S. International Reserve Position
June 18, 2010--The Treasury Department today released U.S. reserve assets data for the latest week. As indicated in this table, U.S. reserve assets totaled $123,288 million as of the end of that week, compared to $123,068 million as of the end of the prior week.
I. Official reserve assets and other foreign currency assets (approximate market value, in US millions)
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June 11, 2010 |
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A. Official reserve assets (in US millions unless otherwise specified) 1 |
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123,288 |
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(1) Foreign currency reserves (in convertible foreign currencies) |
Euro |
Yen |
Total |
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(a) Securities |
8,615 |
14,169 |
22,785 |
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of which: issuer headquartered in reporting country but located abroad |
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0 |
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(b) total currency and deposits with: |
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(i) other national central banks, BIS and IMF |
12,598 |
6,946 |
19,544 |
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ii) banks headquartered in the reporting country |
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0 |
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of which: located abroad |
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0 |
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(iii) banks headquartered outside the reporting country |
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0 |
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of which: located in the reporting country |
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0 |
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(2) IMF reserve position 2 |
11,526 |
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(3) SDRs 2 |
54,939 |
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(4) gold (including gold deposits and, if appropriate, gold swapped) 3 |
11,041 |
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--volume in millions of fine troy ounces |
261.499 |
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(5) other reserve assets (specify) |
4,453 |
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--financial derivatives |
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--loans to nonbank nonresidents |
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--other (foreign currency assets invested through reverse repurchase agreements) |
4,453 |
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B. Other foreign currency assets (specify) |
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--securities not included in official reserve assets |
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--deposits not included in official reserve assets |
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--loans not included in official reserve assets |
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--financial derivatives not included in official reserve assets |
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--gold not included in official reserve assets |
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--other |
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read more
Source: U.S. Department of the Treasury
John Hancock files for Exemptive Relief
June 18, 2010--John Hancock has filed a first ammended and restated application for exemptive relief with the SEC.
view filing
Source: SEC.gov
Russell files with the SEC
June 18, 2010--Russell has filed a post-effective amendement, registration statement with the SEC for 11 ETFs. They are
Russell Global 1000 ETF
Russell Global 1000 Growth ETF
Russell Global 1000 Value ETF
Russell Global 2000 ETF
Russell Global 2000 Growth ETF
Russell Global 2000 Value ETF
Russell Global 3000 ETF
Russell Global 3000 Growth ETF
Russell Global 3000 Value ETF
Russell Developed ex-U.S. Large Cap ETF
Russell Emerging Markets Large Cap ETF
view filing
Source: SEC.gov
ETFS Physical Swiss Gold Shares (SGOL) AUM exceeds $500M as Gold price reaches new highs (as of June 8th, 2010)
June 17, 2010--ETF Securities USA LLC (ETFS) announced today that the total assets under management of its ETFS Physical Swiss Gold Shares (SGOL), passed the $500 Million mark as of June 8th, 2010. In the opinion of ETF Securities, recent flows into SGOL have largely been driven by investor’s lack of confidence in paper currencies coupled with an increasingly uncertain economic outlook.
SGOL leads in growth among other physical gold exchange traded funds at 15% year-to-date:
| Fund Issuer | Ounces | Change YTD % | Ounces |
| North America | |||
| ETF Securities | 350 | 45.0 | 15% |
| State Street | 40765 | 4317.9 | 12% |
| iShares | 2765 | 214.6 | 8% |
| Total | 44237 | 4216.5 | 11% |
Gold price reaches new all time highs in 3 major currencies: USD Gold price reaches $1250 Oz. Sterling Gold is now at a record high of £868 Oz and Euro Gold is also at a record high of €1050 Oz. All as of June 08, 2010
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.
read more
Source: ETF Securities USA
ISE Begins Publishing Dividend Trade Data on its Website
June 17, 2010--The International Securities Exchange (ISE) today announced it is now
publishing dividend trade data on its website. Dividend trade strategies are transacted by certain market
makers who try to capture corporate dividend payments when individual customers leave deep-in-themoney
call options unexercised on the day prior to a stock’s ex-dividend date.
“As a securities exchange and a self-regulatory organization, it is incumbent upon us to identify potential
risks in the U.S. market system. Dividend trades greatly increase systemic risk in the options industry due to the extremely large size of the positions, which could cause a substantial market disruption should a
mistake occur in the clearing process,” said Gary Katz, President and Chief Executive Officer of ISE. “In
addition to the systemic risk created by dividend trades, they also disadvantage retail investors and
undermine the hallmark of transparency in the listed options market.”
In March 2010, ISE published its whitepaper=Dividend Trade Strategies in the U.S. Options Industry. The whitepaper explains the mechanics of the dividend trade strategy and concludes that the practice impacts the U.S. options market in the following ways:
The risk of engaging in dividend trade strategies and making a mistake in the clearing process far outweighs any potential benefit for those who participate in these transactions.
Individual investors who hold buy-write positions have a much higher chance of being assigned on their short calls, and therefore not collecting the dividend payment on their long stock position. Market Makers who engage in the dividend trade strategy step in and capture the dividend instead.
Dividend trade strategies create the appearance of healthy order flow. For the individual investor who has been trained to associate high trading volume with news in the individual stock, these trades are very misleading.
To view the dividend trade volume data and to access ISE’s Whitepaper Dividend Trade Strategies in the
U.S. Options Industry, visit www.ise.com/dividendvolume.
Source: International Securities Exchange (ISE)
Teucrium Trading, LLC files with the SEC-Teucrium WTI Crude Oil Fund
June 17, 2010--Teucrium Trading, LLC has filed a FORM S-1 with the SEC for
Teucrium WTI Crude Oil Fund
NYSE ARCA Symbol: CRUD
view filing
Source: SEC.gov
Teucrium Trading, LLC files with the SEC-Teucrium Natural Gas Fund
June 17, 2010--Teucrium Trading, LLC has filed a Form S-1 with the SEC for
Teucrium Natural Gas Fund
NYSE Arca Symbol: NAGS
view filing
Source: SEC.gov
Teucrium Trading, LLC files with the SEC-Teucrium Wheat Fund
June 17, 2010--Teucrium Trading, LLC files with the SEC has filed a FORM S-1 with the SEC for
Teucrium Wheat Fund
NYSE ARCA Symbol: WEAT
view filing
Source: SEC.gov
Teucrium Trading, LLC files with the SEC-Teucrium Soybean Fund
June 17, 2010--Teucrium Trading, LLC has filed a Form S-1 with the SEC for
Teucrium Soybean Fund
NYSE Arca Symbol: SOYB
view filing
Source: SEC.gov
Teucrium Trading, LLC files with the SEC-Teucrium Sugar Fund
June 17, 2010-Teucrium Trading, LLC has filed a FORM S-1 with the SEC for
Teucrium Sugar Fund
NYSE Araca Symbol: CANE
view filing
Source: SEC.gov
