Americas ETP News
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AdvisorShares Weekly Market Update-This Week in Active ETFs: First Quarter Ends With A Meh!
Highlights of the Prior week-For the week of March 28-April 1
April 4, 2016--A funny thing happened on the way to the quarter end; the tight correlation between WTI and the equity market appears to be broken as their fortunes diverged sharply last week with
the S&P 500 rallying 1.81% while West Texas Intermediate Crude fell 7.70%; more than 4% on Friday alone.
The rally last week lifted the broad market into positive territory
for the quarter; 1.50% for Dow Jones Industrial Average and 77 basis points for the S&P 500 (plus another 55 basis points for the dividend).
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Source: AdvisorShares
TSX Welcomes TD Asset Management, Canada's Newest ETF Provider to Open the Market
April 4, 2016--Executives from TD Asset Management Inc. (TDAM) will join Toronto Stock Exchange (TSX) to open trading this morning to celebrate the launch of their new exchange traded fund (ETF) business.
Last week, TDAM's six new passive ETFs began trading on TSX, including products designed to track the performance of Canadian fixed income markets as well as Canadian, U.S. and international equities.
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Source: TMX Group
Morgan Stanley Favors Inflation-Linked Debt as Fed Seen 'Dovish'
April 3, 2016--We continue to like being long 30-year TIPS, company says
MS's view echoes BlackRock, Pimco calls for inflation pickup
Morgan Stanley recommended Treasury Inflation Protected Securities, following inflation warnings from BlackRock Inc., Pacific Investment Management Co. and Bill Gross.
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Source: Bloomberg
Horizons ETF Trust to Close and Liquidate the Horizons Korea KOSPI 200 ETF
April 2, 2016--After careful consideration, the Board of Trustees of the Horizons ETF Trust has determined to close and liquidate the Horizons Korea KOSPI 200 ETF (NYSE: HKOR)(the "Fund"), which is managed and marketed by Horizons ETFs Management (USA) LLC ("Horizons USA").
The last day of trading of the Fund's shares on the NYSE Arca will be April 29, 2016.
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Source: Horizons ETFs Management (USA) LLC
Bats Global Markets set to test water over second listing attempt
April 2, 2016--Bats Global Markets could launch a marketing blitz as early as next week in its second attempt to list as the exchanges operator pushes forward with going public, a person familiar with the deal said.
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Source: FT.com
ISE Holdings Reports Business Activity for March 2016
April 1, 2016--ISE's options exchanges combined to represent 16.8% of equity options market share, excluding dividend trades.
ISE's options exchanges reported a combined ADV of 2.3 million contracts.
Dividend trades made up 0.8% of industry volume in March 2016.
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Source: ise.com
Fed gives green light on banks' US muni bond holdings
April 1, 2016--US regulators have bowed to pressure from the financial industry and allowed banks
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Source: FT.com
IMF Policy Paper-Financial Integration in Latin America
March 31, 2016--Summary: Many Latin American economies have experienced significant reductions in growth recently, as a result of the end of the commodity super-cycle and the rebalancing of China's growth, and a number of global banks have been leaving the region.
Although Latin American countries were generally less affected by the global financial crisis (GFC) than other regions, the region continues also to suffer from the protracted sluggish growth in advanced economies. In addition, there has since 2008 been a withdrawal of global banks from the region, thus potentially worsening access to credit or reducing competition in the financial sector. More broadly, the GFC demonstrated that extreme economic volatility can originate from outside the region, rather than internally, as was the experience of the 1980s and 1990s...
view the IMF Policy Paper-Financial Integration in Latin America
Source: IMF
ISE Announces First Implementation of a Securities Exchange on Amazon Web Services Cloud Computing Environment
March 30, 2016--The International Securities Exchange (ISE) is the first regulated securities exchange to build and operate cloud-based disaster recovery infrastructure as part of disaster preparedness requirements established by the U.S. Securities and Exchange Commission's (SEC) recent Regulation Systems Compliance and Integrity (Reg SCI) initiative.
ISE migrated its options exchanges, ISE and ISE Gemini, to the Amazon Web Services (AWS), Inc. Cloud in advance of the SEC’s November 3, 2015 deadline. ISE Mercury, ISE's recently launched third options exchange, also leverages AWS Cloud.
Appeals Court Upholds Determination that CBOE Patents are Invalid
March 30, 2016--The United States Court of Appeals for the Federal Circuit (Appeals Court) on Friday, March 25, 2016, affirmed the decision of the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office (USPTO) that invalidated three CBOE patents (US Patent Nos. 7,356,498, 7,980,457 and 8,266,044).
The Appeals Court agreed with ISE and found that all three patents are invalid. These patents formed the basis of litigation that CBOE brought against ISE in the case of Chicago Board Options Exchange, Incorporated v. International Securities Exchange, LLC (Case No. 1:13-cv-01339-JMF).
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Source: ISE.com
