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Intercontinental Exchange to buy Chicago Stock Exchange
April 6, 2018--The Chicago Stock Exchange (CHX) said on Thursday it would be bought by NYSE-operator Intercontinental Exchange Inc (ICE.N) for an undisclosed amount, a month-and-a-half after U.S. regulators blocked the sale of CHX to China-based investors.
The Wall Street Journal last month reported that the exchange operator may pay about $70 million for CHX.
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Source: Reuters
Cryptocurrency Firm Coinbase in Talks to Become SEC-Regulated Brokerage
April 6, 2018--Move comes as regulators wage aggressive campaign to supervise fledgling industry
Coinbase, a leading cryptocurrency firm, has approached U.S. regulators about registering as a licensed brokerage firm and electronic-trading venue, a move that comes as regulators have waged an aggressive campaign to supervise the fledgling industry.
The San Francisco-based startup, one of the world's largest platforms for trading bitcoin and other cryptocurrencies, has met with Securities and Exchange Commission officials in recent weeks about registering its business with the agency, according to people familiar
Market Overview
If you like stock market volatility, this was the week for you. view more JP Morgan's chief highlights ETF and index fund risks
In a letter to shareholders, the US investment bank's chief executive officer highlighted that ETFs and passive index funds manage more money than ever before and questioned the result of those funds going bankrupt. view more
BlackRock Plans to Exclude Gun Makers, Sellers From Some Funds
The iShares MSCI USA Small-Cap ESG Optimized ETF, which will start trading on or about April 12- will track investment results of an index that is mostly made up of small-cap U.S. companies-according to a company release Thursday. view more
Canadian securities regulators report on climate change-related disclosure project view the CSA Staff Notice 51-354 Report on Climate change-related Disclosure Project
DWS expands Xtrackers factor ETF suite view more
It was the group's third straight week of negative net flows during which time its coffers shrank $35.6 billion. Taxable bond funds (+$3.5 billion) and money market funds (+$1.9 billion) both took in net new money for the week, while municipal debt funds (-$247 million) experienced net outflows.
Source: Thomson Reuters
April 5, 2018--In a letter to shareholders Jamie Dimon questions what would happen if ETF and index funds went into large liquidation.
JP Morgan boss Jamie Dimon has listed exchange-traded funds (ETFs) and passive index funds among the risks the institution is currently most worried about.
Source: thetradenews.com
April 5, 2018--Move by BlackRock comes in the wake of Florida shooting
Company also starting gun-free strategies for 401(k) plans
BlackRock Inc., the world's largest asset manager, plans to start two exchange-traded funds that will exclude civilian firearm makers and large sellers in the wake of the Florida high school shooting.
Source: Bloomberg
April 5, 2018--The Canadian Securities Administrators (CSA) today published CSA Staff Notice 51-354 Report on Climate change-related Disclosure Project. The report summarizes the findings of the CSA's previously announced project to review the disclosure by reporting issuers of risks and financial impacts associated with climate change, and outlines its plans for future work.
"We now have a better understanding of the current state of climate change-related disclosure in Canada," said Louis Morisset, CSA Chair and President and CEO of the Autorité des marchés financiers."Moving forward, we will aim to improve the disclosure of risks and related governance and oversight processes, while recognizing both investors' and issuers' perspectives."
Source: Canadian Securities Administrators
April 5, 2018--QARP to offer exposure to high-quality stocks with favorable valuations
DWS announced today the launch of a new quality factor exchange-traded fund (ETF)-Xtrackers Russell 1000 US QARP ETF (NYSE Arca:QARP).
The fund seeks investment results that generally correspond to the performance of the underlying index that aims to identify companies that have strong quality scores relative to their peers, while also looking at the value scores of the securities to avoid those quality companies that are potentially over-priced. The quality focus also seeks to avoid "value traps"-companies with favorable valuation metrics as they approach bankruptcy, that a pure value exposure would likely fall into.
Source: DWS Group
