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Democrat cites drafting error in proposed capital rule amendment
December 4, 2017-- A Democratic U.S. senator is backing away from a proposed legislative tweak that would have helped big banks lessen their capital burden, according to a statement provided to Reuters on Monday.
Senator Christopher Van Hollen, of Maryland, had submitted an amendment to a financial regulatory reform bill that would give banks a partial reprieve from a rule known as the supplemental leverage ratio, according to the document Reuters reported on earlier on Monday. view more
view the 2017 CSA Investor Index
Source: Canadian Securities Administrators (CSA)
Hedge Funds Prepare to Trade Against Bitcoin
November 4, 2017--New bitcoin futures contracts will draw in more investors
Seen as one of greatest short opportunities, investor says.
A bitcoin big short is building.
The planned introduction of bitcoin futures contracts at CME Group Inc., Cboe Global Markets Inc. and Nasdaq Inc. will make it much easier to bet on a decline.
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Source: Bloomberg
Cboe Plans December 10 Launch of Bitcoin Futures Trading
December 4, 2017--Cboe Global Markets, Inc. (Cboe: CBOE | Nasdaq: CBOE), one of the world's largest exchange holding companies, today announced that Cboe Futures Exchange (CFE), plans to offer trading in bitcoin futures beginning at 5:00 p.m. CT on Sunday, December 10, 2017, at the start of Global Trading Hours.
Monday, December 11, will be the first full day of trading, and trading will be free1 through December.
Cboe's bitcoin futures will trade on CFE under the ticker symbol 'XBT.' XBTSM futures are cash-settled contracts based on Gemini's auction price for bitcoin, denominated in U.S. dollars
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Source: Northern Trust
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
