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Bitcoin rebounds to $10,500 after U.S. regulator approves futures
December 1, 2017--Bitcoin rebounded on Friday to hit the day's highs above $10,500, recovering from an earlier dip below $9,500, after the U.S. derivatives regulator said it would allow CME Group (CME.O) and CBOE Global Markets (CBOE.O) to list bitcoin futures.
The announcement by the Commodity Futures Trading Commission (CFTC) paves the way for CME and CBOE to become the first traditional U.S. regulated exchanges to launch trading in bitcoin-related financial contracts, a watershed moment for the cryptocurrency that could lead to greater regulatory scrutiny.
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Source: Reuters
VIX Options Set New Daily Volume Record on Friday, December 1
December 1, 2017--Cboe Global Markets, Inc. (Cboe: CBOE |Nasdaq: CBOE), one of the world's largest exchange holding companies, today said that trading volume in options on the Cboe Volatility Index(R) (VIX(R)) reached a new all-time high on Friday, December 1.
In VIX options at Cboe Options Exchange, a reported 3.1 million contracts traded on Friday, far surpassing the previous single-day record of 2.6 million contracts on Monday, September 25, 2017. Five of the ten busiest single days ever for trading VIX options have occurred in 2017.
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Source: Cboe Global Markets
USCF Announces the Launch of Two New Funds that are Designed to Track the SummerHaven Private Equity Strategy Indexes (Tickers: BUY, BUYN)
December 1, 2017--USCF has launched two new funds that make investing in private equity strategies available to investors of all budgets.
The USCF SummerHaven SHPEI Index Fund (NYSE Arca: BUY) and the USCF SummerHaven SHPEN Index Fund (NYSE Arca: BUYN) seek to track newly developed indexes that are based on the research of Harvard Business School Professor, Erik Stafford.
"With BUY and BUYN, investors can access the type of strategy that historically has been offered by private equity firms to a more limited group of investors in higher cost vehicles," said John Love, President and CEO of USCF.
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Source: USCF
U.S. Weekly FundFlows Insight Report: Investors Pad the Coffers of Money Market Funds During the Thanksgiving Holiday Flows Week
December 1, 2017--For the fourth week in a row investors were net purchasers of fund assets (including those of conventional funds and ETFs), injecting $37.2 billion. However, the headline number was a little misleading, with investors padding the coffers of money market funds to the tune of $33.1 billion, while equity funds (+$2.4 billion), taxable bond funds (+$1.6 billion), and municipal bond funds (+$100 million) all just managed to attract net new money for the week.
Despite another ballistic missile test by North Korea and a meltdown in mega-cap technology shares during the fund-flows week ended November 29, investors remained upbeat during the Thanksgiving-shortened trading week. Stocks rallied to record highs after forecasts from Adobe showed Black Friday sales online hit a record $5.0 billion and as the Senate Budget Committee voted 12-11 to advance the Republican tax bill, moving the proposed bill a step closer to a Senate vote.
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Source: Thomson Reuters
CME Group Self-Certifies Bitcoin Futures to Launch Dec. 18
December 1, 2017--CME Group, the world's leading and most diverse derivatives marketplace, today announced that it has self-certified the initial listing of its Bitcoin futures contract to launch Monday, December 18, 2017.
"We are pleased to bring Bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities," said Terry Duffy, CME Group Chairman and Chief Executive Officer.
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Source: CME Group
CFTC Statement on Self-Certification of Bitcoin Products by CME, CFE and Cantor Exchange
December 1, 2017--Today, the Chicago Mercantile Exchange Inc. (CME) and the CBOE Futures Exchange (CFE) self-certified new contracts for bitcoin futures products, and the Cantor Exchange (Cantor) self-certified a new contract for bitcoin binary options.
"Bitcoin, a virtual currency, is a commodity unlike any the Commission has dealt with in the past," said CFTC Chairman J. Christopher Giancarlo. "As a result, we have had extensive discussions with the exchanges regarding the proposed contracts, and CME, CFE and Cantor have agreed to significant enhancements to protect customers and maintain orderly markets. In working with the Commission, CME, CFE and Cantor have set an appropriate standard for oversight over these bitcoin contracts given the CFTC’s limited statutory ability to oversee the cash market for bitcoin."
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Source: CFTC.gov
Arrow Capital Management Inc. launches its first ETF
December 1, 2017--Arrow Capital Management Inc. ("Arrow") is pleased to announce the launch of its first actively managed bond exchange-traded fund (ETF) series.
This innovatively structured ETF series is an additional access point to the Exemplar Investment Grade Fund (the "Fund"). Units of the ETF will begin trading today on the Toronto Stock Exchange ("TSX") under the ticker symbol CORP.
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Source: Arrow Capital Management Inc.
Renaissance Capital Scheduled U.S. IPOs
December 1, 2017--Scheduled U.S. IPOs-Week of 12/04/17
IPO Index Performance
The Renaissance IPO Index has returned 33.8% so far this year, compared to 18.3% for the S&P 500.
IPO Activity
There have been 151 IPOs priced so far this year, a +54% change from last year.
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Source: Renaissance Capital
CFTC.gov Commitments of Traders Reports Update
December 1, 2017--The current reports for the week of November 28, 2017 are now available.
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Source: CFTC.gov
Eaton Vance Launches Floating-Rate NextSharesTM Fund
November 30, 2017--Eaton Vance Management ("Eaton Vance"), a subsidiary of Eaton Vance Corp. (NYSE: EV), today announced the launch of a new NextShares exchange-traded managed fund.
Eaton Vance Floating-Rate NextShares (Nasdaq: EVFTC) (the "Fund") seeks a high level of current income by investing primarily in income producing floating-rate loans and other floating-rate debt securities.
