Americas ETP News
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United States Commodity Funds lists products on Mexican Stock Exchange
August 28, 2013--USCF announced today that five of its exchange traded products (ETPs) are now listed on the Mexican Stock Exchange, Bolsa Mexicana de Valores in Spanish (BMV).
The ETPs available on the BMV are United States Oil Fund, LP (USO), United States Natural Gas Fund, LP (UNG), United States 12 Month Oil Fund, LP (USL), United States Gasoline Fund, LP (UGA) and the United States Commodity Index Fund (USCI).
USCF's Chief Investment Officer John Hyland said: "We are pleased to list these products on the BMV, as this opens up a significant new market for our products. We think the BMV is the most important exchange in Latin America as it serves both the fast-growing Mexican economy and is a key exchange for the rest of Latin America. As Mexican institutions and investors are becoming increasingly sophisticated, they are interested in alternative investments as well as Mexican equities and fixed income. Now that Mexican investors can trade these ETPs in pesos, we hope they'll benefit from the liquidity and transparency these products provide."
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Source: United States Commodity Funds
Exclusive: Citadel, Virtu, Two Sigma, RGM bid for E*Trade unit -sources
August 28, 2013--Citadel LLC, Virtu Financial, Two Sigma and RGM Advisors are among the companies bidding for E*Trade Financial Corp's (ETFC.O) market-making unit in a deal expected to be worth $100 million to $200 million, several sources with direct knowledge of the situation said on Wednesday.
E*Trade said last month that it was selling its Chicago-based market-making business, G1 Execution Services. The New York-based brokerage said it was taking a $142.4 million impairment charge to close the unit, which it planned to sell within six months
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Source: Reuters
State Street to Open Emerging Market ETF Without BRIC Countries
August 28, 2013--State Street Corp. (STT), the second-largest provider of exchange-traded funds worldwide, is seeking to counter its biggest rivals' dominance of emerging-market stock ETFs with a fund that excludes Brazil, Russia, India and China, known as the BRIC nations.
State Street asked the U.S. Securities and Exchange Commission for permission to open the SPDR MSCI Beyond BRIC ETF, according to a regulatory filing dated yesterday from the Boston-based firm.
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Source: Bloomberg
U.S. SEC to meet exchange heads September 12 over Nasdaq outage
August 27, 2013--The U.S. Securities and Exchange Commission will meet with heads of the major exchanges on September 12 to discuss last week's Nasdaq trading outage, the regulator said on Tuesday.
The meeting with SEC Chairwoman Mary Jo White would address "the market dissemination system involved in last week's halt, as well as other critical market systems and infrastructure issues," the SEC said.
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Source: Reuters
Brown Brothers Harriman and IndexUniverse Launch First Annual ETF Advisor Survey
Key Findings Highlight Opinions of the World's Leading ETF-focused Financial Advisors
August 27, 2013--Brown Brothers Harriman-one of the market leading ETF custodians and administrators with $170 billion in ETF assets and IndexUniverse-the leading independent authority on exchange-traded funds (ETFs), indexes, and index funds- announced today that it will publish its first "Annual Advisor Survey" in the September 2013 issue of IndexUniverse's leading publication, ETF Report.
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Source: Yahoo News
CBOE Futures Exchange Hit With Data Glitch
System Recovers After Temporary Delay of Quotes
August 27, 2013--CBOE Holdings Inc., operator of the largest U.S. options exchange by trading volume, alerted traders to problems with some market-data services early Tuesday, according to notices on the exchange operator's website, before all issues were fully resolved by about 1 p.m. Eastern time.
The Chicago Board Options Exchange parent warned that "some users may see delays in complex order entry," according to an alert at 11:16 a.m., while earlier in the session, the exchange operator said that its futures platform had problems with a "limited number" of canceled trades on its futures platform being executed early Tuesday, according to a separate notice sent to traders. Another notice said some orders from Monday were still appearing as "active" in the futures exchange's order book.
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Source: Wall Street Journal
ISE GeminiTM is the Fastest New Exchange to Surpass Two Percent Market Share in Equity Options
Successful Product Rollout Completed on an Accelerated Basis
August 27, 2013--The International Securities Exchange (ISE) announced that ISE GeminiTM surpassed two percent market share yesterday in equity options, the fastest exchange to reach that milestone since ISE introduced electronic trading to the options market in 2000.
ISE Gemini also successfully concluded its product listing plan on an accelerated basis, less than a month after launching on August 5.
"Since ISE's inception, one of our core values has been a dedication to growth through innovation and the record market share milestone is a testament to that," said Boris Ilyevsky, Managing Director of ISE. "The pricing structure, market model and listings plan we developed were meant to ensure a methodical introduction to ISE Gemini, and the extremely smooth rollout has surpassed our expectations. We are gratified that ISE Gemini continues to be well received and look forward to continued growth of our new exchange."
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Source: ISE.com
National Bank Direct Brokerage Extending Promotional Offer to Trade Exchange-Traded Funds Free of Charge
August 27, 2013--National Bank Direct Brokerage (NBDB) is announcing that it is extending its promotional offer to trade Canadian exchange-traded funds (ETFs) without charging any commission fees until October 31.
This promotion-which was launched in April-is being held in a context where all NBDB activities are experiencing rapid growth: client transactions increased by 9% during the six-month period from February 1 to July 31, 2013 compared to the year-earlier period.
This promotion's success shows that self-directed investors are receptive to National Bank Direct Brokerage's offers, which make investing easier and that ETFs also meet an actual need. It is the perfect time for clients to build a portfolio at a low cost, and take advantage of the benefits of ETFs: they are easy to trade, the portfolio is diversified, and the management fees and securities in the portfolio are transparent," pointed out Nancy Paquet, President of National Bank Direct Brokerage.
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Source: National Bank of Canada
FSB Report-Peer Review of the United States
August 27, 2013--The Financial Stability Board(FSB) published today its peer review of the United States.
The report examines the progress made in the US on three topics that are important for financial stability and relevant for the broader FSB membership: systemic risk oversight arrangements; supervision and oversight of financial market infrastructures (FMIs); and insurance supervision.
To a large extent, the reforms analysed in this review focus on the need to ensure effective and efficient coordination and information sharing arrangements and to address any overlaps or gaps in the roles and responsibilities of the relevant US agencies, given the complex and fragmented US regulatory and supervisory structure.
Good overall progress has been made by the US authorities in following up on the recommendations made by the International Monetary Fund under the 2010 Financial Sector Assessment Program (FSAP) on the above three topics, particularly as regards systemic risk oversight arrangements and the supervision and oversight of FMIs. Progress in implementing the FSAP recommendations has been less advanced in the case of insurance supervision.
view the FSB Report-Peer Review of the United States
Source: Financial Stability Board(FSB)
TMX Group launches Canadian implied volatility and Greeks analytics feed
TMX Datalinx to offer new data feed for MX options
August 27, 2013--TMX Group today announced the launch of a new analytics feed for options traded on Montréal Exchange Inc. (MX), a wholly-owned subsidiary of TMX Group Limited and Canada's derivatives exchange.
TMX Datalinx, the information services division of TMX Group, will make the new feed available to the options trading community through the TMX Atrium global network and other content distributors.
The Canadian implied volatility and Greeks analytics feed, is a low latency, real-time market data feed designed to provide clients with the necessary analytics to effectively evaluate potential trading opportunities and assess portfolio risk.
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Source: TMX Group
