Americas ETP News
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BATS Launches Options Market, Hires Senior NYSE Officer
The stock-exchange operator hired Laura Morrison to run its global exchange-traded funds business
April 26, 2015--BATS Global Markets Inc., one of the three main stock-exchange operators in the U.S., made aggressive moves against its competitors on Thursday as it seeks to gain market share in trading of options and exchange-traded funds.
In the morning, the company announced it would launch an options market, called EDGX Options, in November of this year. The new exchange is designed to directly compete with options exchanges run by Nasdaq OMX Group Inc. and International Securities Exchange.
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Source: Wall Street Journal
CFTC.gov Swaps Report Update
April 15, 2015--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
New ETF Launches by Exposure ('15 YTD)
April 15, 2015--As of April 14, 2015, 65 new ETFs had been launched in the US.
A complete list of all ETFs in the US can be accessed here:
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Source: First Bridge Data
Schwab Disrupts ETF Industry And Plans To Keep At It
April 14, 2015--Schwab ETFs are growing fast. In just over five years, Schwab's 21 exchange traded funds have captured $30 billion in assets and 1.5% of total market share.
It's now the seventh largest ETF provider in asset size, up from 10th a year ago. John Sturiale, a senior vice president at Charles Schwab (NYSE:SCHW) Investment Management (CSIM), helped craft the brokerage's target retirement date funds in 2002.
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Source: Investors.com
Moody's-Cheaper Active: Taking a Stand Against
April 14, 2015--Summary Opinion
Eaton Vance's exchange traded managed fund structure represents a significant innovation in the asset management industry.
Eaton Vance's exchange traded managed
fund structure, branded as NextShares, combines the active management of mutual funds with the structural cost benefits of the ETF structure, creating an actively managed fund that
can better compete against passive ETFs. Traditional mutual funds' higher costs compared to passive exchange traded funds (ETFs) is a primary reason actively managed mutual funds
have lost market share to passive strategies.
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Source: nextshares.com
PowerShares Canada expands smart beta ETF suite
Three new ETFs focus on corporate fundamentals
April 14, 2015--This year marks the 25th anniversary of the listing of the first exchange-traded fund (ETF).
In the midst of the nostalgia, it might be time to consider the problem at the heart of many popular ETFs: market-capitalization weighting.
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Source: Invesco Canada Ltd.
Treasury International Capital Data For February
April 14, 2015--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for February 2015. The next release, which will report on data for March 2015, is scheduled for May 15, 2015.
The sum total in February of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC inflow of $4.1 billion.
Of this, net foreign private outflows were $7.2 billion, and net foreign official inflows were $11.3 billion.
Foreign residents increased their holdings of long-term U.S. securities in February; net purchases were $12.8 billion. Net purchases by private foreign investors were $23.0 billion, while net sales by foreign official institutions were $10.2 billion.
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Source: US Department of the Treasury
CBOE MSCI Index Options to Debut April 21
April 14, 2015-MSCI EM, EAFE Indexes First of Six Planned to Launch in 2015
In U.S., MSCI Index Options Listed Solely on CBOE
IMC Financial Markets to be Designated Primary Market-Maker
CBOE Holdings, Inc. (NASDAQ: CBOE) said today it will launch options on the MSCI Emerging Markets and MSCI EAFE Indexes on Tuesday, April 21. The CBOE ticker symbols are MXEF for options on the MSCI Emerging Markets Index and MXEA for options on the MSCI EAFE Index.
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Source: CBOE
Canadian ETF Space for March 2015-Highlights
April 14, 2015--Net issuance across Canada's 10 ETF providers (Questrade joined the fray last month) totalled $2.76
Billion for March. (Gross inflows: +$3.3Bn; Total outflows: $534MM).
This included inflows of $556MM
into Canada's largest ETF- XIU.
A more difficult month for markets detracted $1.25Bn from AUM, which given strong net inflows still climbed to yet another all-time high of $83.0 Billion.
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Source: CETFA
Expect tumult for broker-dealers if DOL fiduciary plan goes through
Prohibited transaction is key: Will give rise to new legal exposure, new comp models
April 14, 2015--It's early days, but retirement plan experts predict a major shake-up in the way broker-dealers do business with small retirement plans and IRAs-all thanks to a prohibited transaction exemption in the Labor Department's new fiduciary duty proposal.
The DOL released its newly minted "definition of fiduciary" reproposal on Tuesday afternoon, adding to it a block of related regulation in the form of prohibited transaction exemptions. In all, the brand-new rule and its exemptions came out to more than 300 pages of text-now open for comments.
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Source: Investment News
