Americas ETP News
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Gemini Exchange to Offer Cryptocurrency Block Trading
April 10, 2018--The digital asset exchange Gemini, run by the Winklevoss twins, will be offering investors the ability to place large orders outside of the exchange's order book.
This move gives Gemini the chance to compete with other companies that specialize in high-volume virtual currency trading for institutional markets.
Central limit order books are sufficient to facilitate smaller trades, but orders that exceed the liquidity of the order book can have harmful effects on the market as a whole.
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Source: coinjournal.net
Big Bond Trades Would Stay Secret Under Proposal
April 9, 2018--Wall Street would get a break from reporting prices on trades over $10 million in pilot proposed by SEC advisory committee
Wall Street could get the green light to hold back some information from the public about large bond trades under a proposal advanced Monday by a Securities and Exchange Commission advisory panel.
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Source: Wall Street Journal
iShares Launches Commodities, Infrastructure ETFs
April 9, 2018--BlackRock, Inc., iShares unit, the world's largest issuer of exchange traded funds, added to its expansive lineup last week with the addition of two new funds.
Those new ETFs are the iShares U.S. Infrastructure ETF and the iShares Bloomberg Roll Select Commodity Strategy ETF.
The iShares U.S. Infrastructure ETF seeks to track the investment results of an index composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities, according to iShares.
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Source: MarketWatch
Invesco expands its ability to meet client needs by completing its acquisition of Guggenheim Investments' ETF business
April 9, 2018--BulletShares(R) defined-maturity ETFs' management fee reduced to 10 bps to provide better value and address a growing market segment
Invesco Ltd. (NYSE: IVZ) announced today that it has completed its previously announced acquisition of Guggenheim Investments' exchange-traded funds (ETF) business, which consists of $38.8 billion of assets under management (as of Feb. 28, 2018).
Strengthening our ETF capabilities for growth
The acquisition strengthens Invesc
o’s market-leading ETF capabilities
1 as well as the firm's efforts to
meet the needs of institutional and retail clients in the US an
d across the globe, which will contribute further to the growth and long-term success of the business. With this acquisition, Invesco's ETF assets
under management total more than
$215.3 billion globally (as of
Feb. 28, 2018).
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Source: Invesco Ltd.
BlueStar Israel Equity Review & Outlook April 2018-Israeli Domestic Stocks in Correction as Globally-Oriented Stocks Continue to Outperform
April 9, 2018--This year, Israeli equities with primarily global sources of revenue are outperforming those with primarily domestic sources of revenue. Specifically, the Solactive-BlueStar Israel Domestic Exposure Index is down nearly 10% for the year while the Solactive-BlueStar Israel Global Exposure Index is down just 1.25%;
The BlueStar Israel Global Index(R) is outperforming the local TA-125 by a wide margin of more than six percentage points this year, while also outperforming the MSCI Israel Index by roughly three percentage points. At the same time, the BlueStar Israel Global Technology Index is outperforming the TA-BlueTech index by roughly eight percentage points;
Volatility in global markets continues to remain elevated, reminding investors of the importance of diversification not only across asset classes but within asset classes and sectors.
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Source: Blue Star Indexes
NYSE Opens Doors to Stocks From Rival Exchanges, Ending Decades-Old Policy
April 9, 2018--The change that took effect Monday allows Nasdaq-listed securities and U.S. exchange-traded funds to be traded on the NYSE's flagship exchange
The New York Stock Exchange has ended a decades-old restriction that prevented stocks listed on rival exchanges from being bought and sold on its historic trading floor in lower Manhattan.
The change took effect on Monday as part of a long-awaited upgrade of the NYSE's systems.
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Source: Wall Street Journal
Firstrade Offers Largest Commission-Free ETF Program with More Than 700 ETFs
April 9, 2018--Firstrade Securities, Inc., a leading online brokerage firm, has eliminated its commissions for more than 700 exchange-traded funds (ETFs) effective today, adding yet another significant value proposition for their customers.
Firstrade now offers more commission-free ETFs than any other online brokerage firm. More than three-quarters of these ETFs have received a Morningstar Rating, or "star rating" of three, four or five stars.*
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Source: Firstrade Securities
CBO-The Budget and Economic Outlook: 2018 to 2028
April 9, 2018--In CBO's projections, the economy grows relatively quickly this year and next and then more slowly in the following several years. The federal budget deficit rises substantially, boosting federal debt to nearly 100 percent of GDP by 2028.
In CBO's baseline projections, which incorporate the assumption that current laws governing taxes and spending generally remain unchanged, the federal budget deficit grows substantially over the next few years. Later on, between 2023 and 2028, it stabilizes in relation to the size of the economy, though at a high level by historical standards.
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Source: Congressional Budget Office (CBO)
AdvisorShares Weekly Market Review-Tariffs Throw A Cat Amongst The Pigeons
April 9, 2018--Highlights of the Prior Week Ending 4/6/2018
Macro
Last week was a crazy one; it is difficult to know where to get started so we will try with the jobs data, which showed a disappointing gain of 103,000, which was about 80,000 short of expectations. The headline unemployment rate reported at 4.1%.
The broader U6 dropped to 8.0%. The Labor Force Participation rate downticked to 62.9%. Revisions were tough, taking 50,000 out of the previous reports. Wages perked up a little, rising 0.3%, which works out to 2.7% year over year.
Although it was a lousy report, remember that last month printed above 300,000 (that report was actually revised higher despite the net revision for the last two months being negative), which raises the possibility that jobs were pulled forward and a two month average around 200,000 is still pretty good an generally in line with the previous few months.
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Source: AdvisorShares
Amplify ETFs Announces Primary Listing Venue Change for Two ETFs
April 6, 2018--Amplify ETFs announced today that it plans to change the primary listing venue for two of its ETFs. The following funds are scheduled to move on or about April 19, 2018:
Ticker: DIVO
Fund Name: Amplify YieldShares CWP Dividend & Option Income ETF
Current listing: CBOE BZX New listing: NYSE Arca
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Source: Amplify ETFs
