Americas ETP News
If your looking for specific news, using the search function will narrow down the results
First Asset Investment Management Inc. Announces Changes to its First Asset ETF Lineup
June 30, 2015--First Asset Investment Management Inc. ("First Asset") announces that it will terminate the following funds (the "Funds") due to their current size and/or the existence of a suitable First Asset alternative.
The Funds will terminate on or about August 31, 2015 (the "Termination Date").
view more
Source: First Asset
Schwab ETF OneSource(TM) Expands Menu of Commission-Free ETFs and Welcomes J.P. Morgan Asset Management to Program
New Additions Broaden Access to $0 Commission Strategic Beta and Currency-Hedged ETFs
June 30, 2015--Charles Schwab announced today it is adding one new ETF provider-J.P. Morgan Asset Management-and nine new ETFs to Schwab ETF OneSource(TM), the program that offers investors and advisors the most commission-free* ETFs anywhere in the industry.
The additions give investors more choice within two highly sought-after categories in investing today-currency-hedged ETFs and strategic beta funds across both U.S. and international markets.
CFTC Issues Proposed Rule on Cross-Border Margin
June 29, 2015--The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose a rule that would apply the Commission's margin requirements for uncleared swaps in the context of cross-border transactions (Proposed Rule).
The Proposed Rule would apply to Commission-registered swap dealers and major swap participants that are not subject to the margin requirements of other prudential regulators, such as the Federal Reserve Board, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (collectively, covered swap entities). The comment period ends 60 days after the publication in the Federal Register.
view more
Source: CFTC.gov
OCC Reports First Quarter Bank Trading Revenue of $7.7 Billion
June 29, 2015--Insured U.S. commercial banks and savings institutions reported trading revenue of $7.7 billion in the first quarter of 2015, $3.2 billion higher (72 percent) than in the fourth quarter, the Office of the Comptroller of the Currency (OCC) reported today in the OCC's Quarterly Report on Bank Trading and Derivatives Activities.
Trading revenue in the first quarter was $1.5 billion higher (24 percent) than in the first quarter of 2014.
view the OCC's Quarterly Report on Bank Trading and Derivatives Activities First Quarter 2015
Source: OCC
CFTC Proposes Narrowing Wall Street's Foreign Swaps Loophole
June 29, 2015--The top U.S. derivatives regulator took a step toward preventing Wall Street banks from evading the Dodd-Frank Act and shifting some of their trading overseas.
The Commodity Futures Trading Commission voted unanimously Monday to propose a requirement that broadens when banks' overseas divisions must meet U.S. collateral standards designed to curb risks in the $700 trillion swaps market.
view more
Source: Bloomberg
CFTC Issues Proposed Rule on Cross-Border Margin
June 29, 2015--The U.S. Commodity Futures Trading Commission (Commission) today voted unanimously to propose a rule that would apply the Commission's margin requirements for uncleared swaps in the context of cross-border transactions (Proposed Rule).
The Proposed Rule would apply to Commission-registered swap dealers and major swap participants that are not subject to the margin requirements of other prudential regulators, such as the Federal Reserve Board, Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (collectively, covered swap entities). The comment period ends 60 days after the publication in the Federal Register.
view the Fact Sheet-Proposed Rule Regarding the Cross-Border Application of the Margin Requirements
Source: CFTC.gov
The mutual fund marketplace is broken, Time to fix it.
Many share classes exist only to hide fees paid by mutual funds to brokers in exchange for feeding them business
June 28, 2015--Wall Street and Washington have it wrong. The most important debate today isn't whether financial professionals should adopt the suitability standard or the fiduciary standard.
The pros and cons have been argued ad nauseam; eventually, from D.C. to Main Street, we will all recognize the appropriate choice.
The more flagrant issue to address-and a relatively easy one to fix-is the mind-boggling array of share classes offered by many open-end mutual fund companies.
view more
Source: Investment News
CFTC Commitments Of Traders Reports Update
June 26, 2015--The current reports for the week of June 23, 2015 are now available.
view more
Source: CFTC.gov
BlackRock to Jettison 18 ETFs; Mostly Niche International Funds Affected
June 26, 2015--lackRock (BLK), the largest provider of exchange-traded funds, announced it will close 18 iShares products, mostly those offering niche exposures to international stocks.
Funds getting the boot collectively contain about $227 million in assets. The closures will reduce the number of iShares offerings by about 6%, reducing their total number to 299, according to XTF.
view more
Source: Barron's
Renaissance Capital's-IPO Calendar Week of 06/29/15
June 26, 2015--The Renaissance Capital's-IPO Calendar Week of 06/29/15 is available.
view
Source: Renaissance Capital
