Americas ETP News
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Convergex ETF Direct Platform Executes Over $1 Billion in Notional Value Since Its Inception
June 2, 2016--Convergex, an agency-focused global brokerage and trading related services provider, announced today that its ETF Direct platform continues to experience significant volume growth with notional value surpassing $740 million during the month of May, an increase of approximately 140% over the previous month.
During the month of May, ETF shares traded increased over 175% from the month of April and the number of trades increased over 105%.
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Source: Convergex
Additional ICE U.S. Treasury Bond Indices Selected by BlackRock; Direxion and Yuanta SITC Also Select Indices as Benchmarks for a Range of U.S. Treasury ETFs
June 2, 2016--Intercontinental Exchange (NYSE: ICE), a leading operator of global exchanges, clearing houses and data services, announced today that the ICE U.S. Treasury Bond indices have been selected as the new benchmarks for a range of Exchange Traded Funds (ETFs) offered by BlackRock iShares(R), Direxion, and Yuanta Securities Investment Trust Company (Yuanta SITC).
BlackRock iShares(R) will move three additional ETFs to the ICE U.S. Treasury Indices in July following four ETFs it moved in March, which included the 20+ Year Treasury Bond ETF (TLT).
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Source: Intercontinental Exchange
State Street Global Advisors Expands ETF Offering With Launch of the SPDR® Dorsey Wright(R) Fixed Income Allocation ETF
June 2, 2016--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced that the SPDR Dorsey Wright Fixed Income Allocation ETF (Ticker: DWFI) began trading on the Nasdaq Stock Market, SSGA's first SPDR ETF to be listed on this exchange.
DWFI, a fund of funds, allows investors an opportunity to take advantage of Dorsey, Wright & Associates'(DWA) signal-driven, momentum-focused technical index methodology for fixed income exposure, implemented in a single SPDR ETF.
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Source: SPDR Exchange Traded Funds
Bats Launches Liquidity Management Provider Program
June 1, 2016--Bats Global Markets, Inc. (Bats: BATS),today launches the Liquidity Management Provider ("LMP") Program on The Bats ETF Marketplace, further incentivizing liquidity providers trading ETPs on Bats.
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Source: BATS
Brazil economy shrinks 5.4%
June 1, 2016--Contraction less than feared but nation faces its worst recession.
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Source: FT.com
Credit Suisse AG Announces the Repurchase of its CSMA ETNs
June 1, 2016--Credit Suisse AG announced today that it will repurchase at its option its Credit Suisse X-Links Merger Arbitrage ETNs ("CSMA"), as the outstanding principal amount of ETNs is $10,000,000 or less.
The repurchase date is expected to be June 13, 2016.
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Source: Credit Suisse AG
CIBC Mellon to provide asset servicing for new Mackenzie Active Fixed Income ETFs
May 31, 2016--CIBC Mellon today announced that it has been selected as asset servicing provider by Mackenzie Financial Corporation (Mackenzie Investments) for four new active fixed income Exchange Traded Funds (ETFs): Mackenzie Core Plus Global Fixed Income ETF, Mackenzie Unconstrained Bond ETF, Mackenzie Floating Rate Income ETF, and Mackenzie Core Plus Canadian Fixed Income ETF.
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Source: CIBC Mellon
Barclays and OFI Global Asset Management to Redeem the Barclays OFI SteelPath Midstream MLP ETN (Ticker: OSMS)
May 31, 2016--Barclays Bank PLC ("Barclays") and OFI Global Asset Management announced today that Barclays will redeem the Barclays OFI SteelPath Midstream MLP Exchange Traded Note (ticker: OSMS) (the "ETNs").
As described in the prospectus and related pricing supplement for the ETNs (together, the "prospectus"), Barclays, as issuer of the ETNs, may redeem the ETNs at its sole discretion on any trading day on or after the inception date until maturity.
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Source: Barclays Bank
Vanguard completes transition of two developed market ETFs to final target FTSE indexes
May 31, 2016--Vanguard Investments Canada Inc., announced today that the TSX-listed Vanguard FTSE Developed All Cap ex U.S. Index ETF (TSX:VDU) and Vanguard FTSE Developed All Cap ex U.S.
Index ETF (CAD-hedged) (TSX:VEF) have fully transitioned to the FTSE Developed All Cap ex US Index and FTSE Developed All Cap ex US Hedged to CAD Index, respectively. Both ETFs will begin tracking their target indexes as of June 1, 201.
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Source: Vanguard
H.R. 1309, Systemic Risk Designation Improvement Act of 2015
May 31, 2016--H.R. 1309 would amend current law to change the process and procedures that federal regulators follow for determining which bank holding companies should be designated as systemically important financial institutions (SIFIs).
Under current law, all banks with consolidated assets exceeding $50 billion are automatically designated as SIFIs. H.R. 1309 would repeal the automatic designation for most banks and establish a new process under which such firms would be designated on a case-by-case basis.
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Source: Congressional Budget Office (CBO)
