| American ETP News |
| ISE and AlphaClone Announce Partnership | |||
| May 15, 2012--The International Securities Exchange (ISE), a leading US options exchange, and AlphaClone LLC, the leader in hedge fund position replication, today announced their partnership to promote AlphaClone's innovative hedge fund position replication index, the AlphaClone Hedge Fund Long/Short Index. | |||
| read more | |||
| New ETF starts trading on BM&FBOVESPA | |||
| May 15, 2012--A new exchange-traded fund (ETF) is available for trading on BM&FBOVESPA. UTIP11 is indexed to the Public Utilities Index (UTIL), which tracks the performance of the shares issued by leading electric, water and sewage, and gas utilities. | |||
| read more | |||
| Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices | |||
| May 15, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Flint Energy Services Ltd. (TSX: FES) have accepted the $CDN25.00 cash per share offer from URS Corporation (NYSE: URS). | |||
| read more | |||
| Treasury International Capital Data for March | |||
| May 15, 2012--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for March 2012. The next release, which will report on data for April 2012, is scheduled for June 15, 2012.
The sum total in March of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of $49.9 billion. Of this, net foreign private outflows were $57.7 billion, and net foreign official inflows were $7.8 billion. | |||
| read more | |||
| Exchange Traded Concepts files with the SEC-KraneShares | |||
| May 15, 2012-- Exchange Traded Concepts has filed a post-effective amendment no.18, registration statement with the SEC. Prospectuses for the KraneShares Dow Jones Global Luxury Consumer ETF, KraneShares Dow Jones China Alternative Energy ETF, KraneShares CSI China Internet ETF, | |||
| read more | |||
| ISE to List Options on Facebook on May 29 | |||
| May 15, 2012--The International Securities Exchange (ISE) today announced that it will list options on Facebook (ticker: FB) beginning on Tuesday, May 29. | |||
| read more | |||
| Direxion files with the SEC | |||
| May 15, 2012--Direxion has filed a poist-effective amendment, registration statement with the SEC for the Direxion S&P 1500 RC Volatility Response Shares (VSPR)
Direxion S&P 600 RC Volatility Response Shares Direxion S&P 500 RC Volatility Response Shares (VSPY) | |||
| read more | |||
| Nasdaq set to take on US banks and brokerages | |||
| May 14, 2012--Nasdaq OMX is moving into direct competition with banks and brokerages, filing plans to make basic trading algorithms available as part of its US equity trading platform. | |||
| read more | |||
| Beware 'Leveraged' ETFs . | |||
| May 11, 2012--Despite years of warnings about the dangers of "leveraged" exchange-traded mutual funds, many small investors-and, apparently, some investment professionals-may still not be getting the message. | |||
| read more | |||
| HSBC introduces new fund for US retail investors | |||
| May 11, 2012--HSBC Global Asset Management has launched the World Selection Income Strategy Fund intended for US retail investors. | |||
| read more | |||
| U.S. Department of the Treasury-Treasury International Capital System (TIC) Homepage Update | |||
| May 11, 2012--Treasury International Capital System (TIC) Homepage for U.S. Department of the Treasury. This information has recently been updated, and is now available. | |||
| read more | |||
| CFTC.gov Commitments of Traders Reports Update | |||
| May 11, 2012--The current reports for the week of May 8, 2012 are now available. | |||
| read more | |||
| JPMorgan shares dive after $2bn trading loss | |||
| May 11, 2012--Shares in JPMorgan Chase have dived 9% after the biggest US bank, revealed a trading loss of at least $2bn (€1.2bn). | |||
| read more | |||
| ProShares files with the SEC | |||
| May 11, 2012--ProShares has filed a pre-effective amendment NO. 2 to Form S-1 Registration statement with the SEC. | |||
| read more | |||
| SPDR US ETF Snapshot: April 2012 | |||
| May 11, 2012--1,246 Exchange Traded Funds (ETFs)-with assets totaling $1.2TN-were managed by 36 ETF managers as of April 30, 2012. Month over month, ETF assets decreased by $5.3BN, down 0.4%. Despite a $6.7BN gain in the Fixed Income category, the ETF industry experienced a modest 0.4% decline in assets in April. | |||
| read more | |||
| Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices | |||
| May 10, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
The shares of Orosur Mining Inc. (TSXVN:OMI) will be removed from the S&P/TSX Venture Composite Index after the close of Friday, May 11, 2012. | |||
| read more | |||
| CFTC Proposes Order Amending the Effective Date for Swap Regulation Order Issued on July 14, 2011 | |||
| May 10, 2012--The Commodity Futures Trading Commission (CFTC) today voted to propose an Order regarding the effective date for swap regulation. | |||
| read more | |||
| Target Date Funds Miss The Mark | |||
| May 10, 2012--Target date ETFs are an increasingly popular fund category that allow investors to save for retirement by buying a single fund that periodically shifts asset allocation of the underlying investments as the years progress. | |||
| read more | |||
| Opening Statement Regarding the Twelfth Open Meeting to Consider Final Rules Pursuant to the Dodd-Frank Act | |||
| May 10, 2012--Thank you Mr. Chairman and thank you to the rulemaking team for the hard work and diligence in crafting these rules. | |||
| read more | |||
| Winners Announced at the 8th Annual Global ETF Awards | |||
| Awards Given out in 20 Categories for Outstanding Achievements in the Global ETP: Industry Inaugural Nate Most Greatest Contributor to the ETF Market Award Announced May 10, 2012--The 8th Global ETF Awards® dinner held by US based Exchangetradefunds.com was a tremendous success. ETF professionals from all over the world attended the half-day educational Workshop and Awards presentation in New York City at the Hyatt New York April 26, 2012. | |||
| read more | |||
| Claymore files with the SEC | |||
| May 10, 2012--Claymore has filed a post-effective amendment no. 190, registration statement with the SEC for the Guggenheim BulletShares 2016 High Yield Corporate Bond ETF Guggenheim BulletShares 2017 High Yield Corporate Bond ETF Guggenheim BulletShares 2018 High Yield Corporate Bond ETF | |||
| read more | |||
| NYSE Amex LLC to be renamed NYSE MKT LLC | |||
| NYSE Amex Options market will retain its current name May 10, 2012-- NYSE Euronext (NYX) today announced that NYSE Amex LLC, the self regulatory organization, will be renamed NYSE MKT LLC effective May 14, 2012, subject to SEC filing. | |||
| read more | |||
| Van Eck Launches Emerging Markets High Yield Bond ETF (HYEM) | |||
| Focuses Primarily on USD-denominated Emerging Markets Corporate High-Yield Bonds
May 9, 2012--Market Vectors ETF Trust announced today that it has launched its Emerging Markets High Yield Bond ETF (NYSE Arca: HYEM), the first exchange-traded fund (ETF) designed to focus solely on the U.S. dollar (USD)-denominated non-sovereign segment of the EM high-yield bond market- a segment that has grown 265 percent since 2003, according to data from Bank of America Merrill Lynch. | |||
| read more | |||
| CFTC analysis nixes emergency trading curbs-sources | |||
| Analysis finds limited power to put curbs in place now
Curbs on commodities speculators due later this year Lawmakers have pressed CFTC to act sooner over fuel prices May 9, 2012--The U.S. futures regulator has concluded it cannot currently use its emergency authority to impose trading curbs on speculators in the oil markets, according to people familiar with a recent internal legal analysis. | |||
| read more | |||
| CFTC.gov Financial Data for Futures Commission Merchants Update | |||
| May 9, 2012--Selected FCM financial data as of March 31, 2012 (from reports filed by May 1, 2012) is now available. | |||
| read more | |||
| "The Thing Is" Speech of Commissioner Bart Chilton before Americans for Financial Reform, Washington, DC | |||
| May 9, 2012-Introduction Thank you for the introduction. I appreciate the opportunity to be with you today to discuss cost/benefit analysis (CBAs). | |||
| read more | |||
| NSX Introduces New Pricing Schedule and Market Data Revenue Sharing | |||
| May 9, 2012--Fee and Rebate Schedule
Updated as of May 9, 2012
The Schedule of Fees and Rebates (pursuant to Rule 16.1(a) and Rule 16.1(c)) for the National Stock Exchange, Inc. ("NSX"). Order matching computations are made on a monthly basis unless otherwise noted. | |||
| read more | |||
| MarketShares files with the SEC | |||
| May 9, 2012--MarketShares has filed a first and amended application for exemptive relief with the SEC. | |||
| read more | |||
| ArrowShares Debuts Global Yield ET (GYLD) | |||
| May 8, 2012--In the latest example of a mutual fund company making the move to ETFs, ArrowFunds, the Maryland-based firm which currently has five mutual funds in its lineup, is now an ETF advisor as well. | |||
| read more | |||
| Federated filed with the SEC | |||
| May 8, 2012-Federated has filed an amended application for exemptive relief with the SEC. | |||
| read more | |||
| BM&FBOVESPA announces winner of the bidding process for use of the new IBOVESPA ETF | |||
| May 8, 2012--Individuals and companies from all over the world can make credit card donations to rigorously selected and monitored projects listed on the BVSA portal May 8, 2012--Caixa Economica Federal won the bidding process that BM&FBOVESPA held to license use of the BOVESPA Index for a new ETF based on IBOVESPA. The Exchange opened the proposals and announced the results of the process. Three institutions participated. | |||
| read more | |||
| Dow Jones Indexes To License Yield-Oriented, Multi-Asset Class Index For New Arrowshares ETF | |||
| Launch of Dow Jones Global Composite Yield Index To Respond to High Level of Interest in Yield-Based Themes
Five Subindexes to Provide Equally Weighted Exposure to Traditional, Alternatives Sources of Income Across Multiple Assets Classes May 8, 2012--Dow Jones Indexes today announced that Arrow Investment Advisors, LLC has licensed the Dow Jones Global Composite Yield Index to serve as the basis for the Arrow Dow Jones Global Yield ETF. | |||
| read more | |||
| Arrow Makes Its Exchange Traded Fund Debut With the Launch of the Arrow Dow Jones Global Yield ETF (GYLD) | |||
| Based on the Dow Jones Global Composite Yield Index, GYLD Targets a Competitive Yield via Direct Exposure to Traditional and Alternative Assets
May 8, 2012--Arrow Investment Advisors, LLC, the advisor to Arrow Funds, today announced the launch of its first exchange traded fund (ETF). | |||
| read more | |||
| Horizons plans ETF closures | |||
| May 8, 2012--Horizons Exchange Traded Funds Inc. says it will be terminating five exchange traded funds (ETFs) effective at the close of business on June 29.
The ETFs being terminated are: Horizons BetaPro COMEX Long Gold/Short Silver Spread ETF (TSX:HBZ) Horizons BetaPro COMEX Long Silver/Short Gold Spread ETF (TSX:HZB) | |||
| read more | |||
| ETF Research Center-Q1 2012 Earnings Reports-Week Three | |||
| May 7, 2012--HIGHLIGHTS: With more than 80% of S&P500 firms reporting, overall index earnings likely grew by $15.5bn or 7.4% YoY to $24.81 per share. Tech (XLK), | |||
| read more | |||
| Morgan Stanley-US ETF Weekly Update | |||
| May 7, 2012--US ETF Weekly Update
Weekly Flows: $1.6 Billion Net Outflows ETF Assets Stand at $1.2 Trillion, up 11% YTD One ETF Launch Last Week Van Eck Reduces Expense Cap on Indonesia ETF | |||
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| Invesco PowerShares Celebrates 1 Year Anniversary of Fastest Growing ETF of 2011 | |||
| May 7, 2012--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs), today celebrates the one year anniversary of the PowerShares S&P 500® Low Volatility Portfolio (NYSE: SPLV) which has attracted the highest monthly inflows of all ETFs listed in 2011. | |||
| read more | |||
| Joint Statement on Regulation of OTC Derivatives Markets | |||
| May 7, 2012--The Securities and Exchange Commission today released the following joint statement with other regulators:
Leaders and senior representatives from key authorities with responsibility for the regulation of the over-the-counter (OTC) derivatives markets in their respective jurisdictions met on May 1, 2012 in Toronto. | |||
| read more | |||
| Van Eck files with the SEC | |||
| May 7, 2012--Van Eck has filed a fourth amended and restated application for exemptive relief with the SEC. | |||
| read more | |||
| T. Rowe Price files with the SEC | |||
| May 7, 2012--T. Rowe Price has filed an Amendment No. 3 to the application for exemptive relief with the SEC. | |||
| read more | |||
| U.S. Court Of Appeals For The Federal Circuit Unanimously Rules In ISE's Favor In Patent Infringement Case Against Chicago Board Options Exchange | |||
| May 7, 2012--The International Securities Exchange (ISE) announced today that the U.S. Court of Appeals for the Federal Circuit unanimously ruled in ISE's favor in the exchange's patent infringement case against the Chicago Board Options Exchange (CBOE). | |||
| read more | |||
| Deutsche Bank - Equity Research - North America-US ETF+ Monthly Directory : April 2012 ETPs | |||
| April 7, 2012--This document includes all US listed exchange-traded funds (ETFs) and exchangetraded vehicles (ETVs), plus a special section covering exchange-traded notes (ETNs). | |||
| read more | |||
| DB Equity Research Equity Research-US ETF Market Monthly Review : Market sell-off removes $23bn or 1.9% from ETP assets | |||
| May 7, 2012--Net Cash Flows Review Last week, markets experienced a sell-off across the board. The US (S&P 500) plunged by 2.44%. Outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) dropped by 2.29% and 0.57%, respectively. Moving on to other asset classes, the 10Y Treasury yield retreated by 5bps last week, while the DB Liquid Commodity Index was down by 3.83%. | |||
| read more | |||
| BNY Mellon ADR Index Monthly Performance Review is Now Available-April 2012 | |||
| May 6, 2012--The BNY Mellon ADR Index Monthly Performance Review April 2012 is now available. | |||
| read more | |||
| Crackdown on exotic ETFs moves forward | |||
| May 6, 2012--Efforts to keep nontraditional ETFs out of the hands of unsophisticated investors are heating up as regulators and an influential senator take aim at sales of the risky products. | |||
| read more | |||
| Two Years After Flash Crash, SEC Still Pursuing New Safeguards | |||
| May 5, 2012--This weekend marks the two-year anniversary of the aptly named flash crash. On May 6, 2010, starting at 2:42 in the afternoon, the Dow Jones Industrial Average plummeted nearly 600 points in just five minutes, only to recover most of that loss two minutes later. | |||
| read more | |||
| Morgan Stanley-ETFs Exhibited Net Inflows of $53.0 billion | |||
| May 4, 2012--There were 76 new ETFs listed in the US in the first quarter of 2012. So far this year, 94 ETFs have been issued while 17 ETFs were liquidated, resulting in net new issuance of 77 ETFs. As of April 30, 2012, there were 34 issuers with 1,243 ETFs listed in the US. Net inflows into US-listed ETFs were $53.0 billion during 1Q12. | |||
| read more | |||
| Markets and regulator keep industry on its toes | |||
| May 4, 2012--The US mutual fund industry has no shortage of challenges, both near-term and long-term. | |||
| read more | |||
| Van Eck files witht the SEC | |||
| May 4, 2012--Van Eck has filed a post-amendment, registration statement with the SEC for the Market Vectors Morningstar Wide Moat Research ETF. | |||
| read more | |||
| CFTC.gov Commitments of Traders Reports Update | |||
| April 4, 2012--The current reports for the week of May 1, 2012 are now available. | |||
| read more | |||
| NASDAQ OMX Plans to Launch Retail Market for U.S. Equity Options | |||
| New Trading Platform to Target Retail Customer Orders With Access to Liquidity, Reliable Technology and Innovative Functionality
April 4, 2012--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ - News) today announced at the Options Industry Conference that it will launch NASDAQ OMX BX OptionsSM (BX OptionsSM) in June 2012, pending SEC approval. | |||
| read more | |||
| DB Equity Research Equity Research-US ETF Market Monthly Review : Risk-off trade? ETP flows say not there yet | |||
| May 4, 2012--US ETP assets recorded -0.4% MoM and 13.6% YTD growth in April ETP assets in the US declined by $4.5bn to $1.19 trillion last month, accumulating an increase of 13.6% YTD after the first four months of the year. Global ETP industry assets edged lower to $1.61 trillion, or 12.3% up YTD. ETP Flows suggest beginning of shift from risk-on to risk-off trade | |||
| read more | |||
| MSCI and Barclays Announce Partnership to Create Global ESG Fixed Income Indices | |||
| New Index Family Provides Environmental, Social & Governance Investment Strategies for Institutional Fixed Income Portfolios May 4, 2012--MSCI Inc., a leading provider of investment decision support tools worldwide, and Barclays, publisher of leading broad market bond benchmarks, announced today an agreement to create a family of co-branded Environmental, Social & Governance (ESG) fixed income indices. | |||
| read more | |||
| CFTC to Hold Open Meeting to Consider a Final Rule on Core Principles and Other Requirements for Designated Contract Markets and a Proposed Order Amending the Effective Date for Swap Regulation | |||
| May 3, 2012--The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Thursday, May 10, 2012, at 9:30 a.m., | |||
| read more | |||
| Economic Commentary-Exchange-Traded Funds-O. Emre Ergungor | |||
| May 3, 2012--ETFs are one of the most successful financial innovations of the last few decades. As a new, rapidly growing, and increasingly complex financial instrument, ETFs might raise concerns about the risk they pose to financial stability. While they do not seem to pose a threat at this time, ETFs exposed a weakness in U.S. stock markets during the Flash Crash of 2010: the fragmented nature of trading, which can leave some markets very shallow. | |||
| read more | |||
| Treasury Doesn't Sound a New Note | |||
| May 3, 2012--The Treasury Department surprised bond investors by delaying a decision on whether to introduce floating-rate notes to its mix of debt securities. | |||
| read more | |||
| SEC Reopens Comment Period for Proposed Amendments to Its Net Capital, Customer Protection, Books and Records, and Notification Rules for Broker-Dealers | |||
| May 3, 2012--The Securities and Exchange Commission today announced that it is re-opening the public comment period for proposed amendments to its net capital, customer protection, books and records, and notification rules for broker-dealers. | |||
| read more | |||
| ALPS files with the SEC | |||
| May 3, 2012--ALPS has filed a post-effective amendment, registration statement with the SEC for the U.S. Equity High Volatility Put Write Index Fund-HVPW. | |||
| read more | |||
| Legg Mason files with the SEC | |||
| May 3, 2012--Legg Mason has filed a third and amended application for exemptive relief with the SEC. | |||
| read more | |||
| Van Eck files with the SEC | |||
| May 3, 2012--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Saudi Arabia ETF. | |||
| read more | |||
| VAn Eck files with the SEC-Saudi Arabia Small-Cap ETF | |||
| May 3, 2012--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Saudi Arabia Small-Cap ETF. | |||
| read more | |||
| ISE Introduces Implied Order Functionality | |||
| May 3, 2012--The International Securities Exchange (ISE) announced today that it has introduced Implied Order functionality*. With Implied Orders, ISE will significantly enhance the execution of multi-legged strategy orders by enabling greater interaction of the complex order book with the regular order book. The result will be an increased fill rate for multi-legged strategy orders as well as tighter spreads and increased liquidity on the regular order book. | |||
| read more | |||
| "Space Between Walls" -Speech by Commissioner Bart Chilton | |||
| Finance, Credit and International Business Association International Credit Executives Conference, Chicago, IL May 3, 2012--Introduction Thanks to Rick Hayes for that great introduction. Aside from Russian roulette, having a fraternity brother introduce you must be one of the riskiest things that can be done. It really is wonderful to be with you this morning and be in my favorite city in the world: Chicago. | |||
| read more | |||
| ETF Industry Association Releases April 2012 ETF Data Reports | |||
| May 3, 2012--Some of the key highlights from the April 2012 ETF Data report include:
Assets in US listed Exchange Traded Funds (ETF) and Exchange Traded Notes (ETN) totaled approximately $1.20 trillion at April 2012 month-end, an increase of 6% over April 2011 month-end, when assets totaled $1.14 trillion. | |||
| read more | |||
| RBC unit to cover nearly $3 million of investor ETF losses | |||
| May 2, 2012--Royal Bank of Canada's brokerage unit agreed to repay investors in Massachusetts up to $2.9 million to cover losses on leveraged and inverse leveraged exchange-traded funds, the latest phase of a nationwide regulatory crackdown on the sometimes volatile products. | |||
| read more | |||
| PIMCO Launches Active TIPS ETF | |||
| May 2, 2012--Fresh off the heels of the release of its Total Return ETF, PIMCO on Tuesday began trading its Global Advantage Inflation-Linked Bond Strategy Fund (ILB) on the NYSE. | |||
| read more | |||
| Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices | |||
| May 2, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices: On May 1, 2012, the shareholders of Reliable Energy Ltd. (TSXVN:REL) approved the Plan of Arrangement whereby the company will be acquired by Crescent Point Energy Corp. (TSX:CPG). | |||
| read more | |||
| US Bancorp Fund Services files with the SEC-ETFs and Actively-Managed ETFs | |||
| May 2, 2012--US Bancorp Fund Services has filed an application for exemptive relief with the SEC for ETFs and actively-managed ETFs. | |||
| read more | |||
| US Bancorp files with the SEC | |||
| May 2, 2012--US Bancorp has filed an application for exemptive relief with the SEC. | |||
| read more | |||
| Global X files with the SEC | |||
| May 2, 2012--Global X has filed a post-effective amendment no. 69, registration statement with the SEC for the Global X MLP ETF
Global X MLP Natural Gas ETF | |||
| read more | |||
| Reed plans to continue examination of ETFs | |||
| Rhode Island senator: 'This market deserves more attention' May 2, 2012--Sen. Jack Reed, D-R.I., chairman of the Senate Banking Subcommittee on Securities, Insurance and Investment, indicated that he would follow up on a hearing he held last year on the investment vehicles with another one in coming weeks. | |||
| read more | |||
| Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices | |||
| May 2, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices:
On May 1, 2012, the shareholders of Reliable Energy Ltd. (TSXVN:REL) approved the Plan of Arrangement whereby the company will be acquired by Crescent Point Energy Corp. (TSX:CPG). | |||
| read more | |||
| ETFGI-Latin America ETF/ETP Industry As At End Of April 2012 - Preliminary Findings | |||
| May 2, 2012--Summary for ETFs listed in Latin America
At the end of April 2012, the Latin America ETF industry had 32 ETFs, with 487 listings, assets of US$11.4 Bn, from 15 providers on 4 exchanges. Assets | |||
| read more | |||
| ETFGI-United States ETF/ETP industry as at end of April 2012 - Preliminary findings | |||
| May 2, 2012--Summary for US listed ETFs
At the end of April 2012, the US ETF industry had 1,170 ETFs, assets of US$1,074.5 Bn, from 30 providers on 3 exchanges. Assets ETF assets have decreased by 0.2% from US$1,077.1 Bn in March 2012 to US$1,074.5 Bn in April 2012. YTD through end of April 2012, ETF assets have increased by 14.4% from US$939.3 Bn to US$1,074.5 Bn. | |||
| read more | |||
| CFTC Votes to Clarify Indemnification and Confidentiality Provisions in the Dodd-Frank Act | |||
| Commission Issues Proposed Interpretative Statement; Seeks Public Comment May1, 2012--The Commodity Futures Trading Commission (CFTC) today voted to issue a Proposed Interpretative Statement regarding the confidentiality and indemnification provisions in the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act). | |||
| read more | |||
| Vanguard: Blacks and Hispanics More Likely to Borrow from 401(k), But at Roughly Same Dollar Amount as Whites and Asians; Vanguard Recommends Limiting Plan Loans for All Participants | |||
| Vanguard: blacks and Hispanics take more loans and hardship withdrawals from their 401(k) accounts than whites and Asians. But they borrow only slightly more, so all four groups put similar assets at risk.
May 01, 2012--New Vanguard research, a second report in a series on diversity and retirement savings, indicates that blacks and Hispanics are more likely to take loans and hardship withdrawals from their 401(k) plan accounts than whites and Asians. | |||
| read more | |||
| BNY Mellon wins dismissal in Virginia FX fraud case | |||
| May 1, 2012--A Virginia state judge on Tuesday dismissed a lawsuit that accused BNY Mellon Corp of overcharging on foreign exchange trades for pension funds in that state. | |||
| read more | |||
| April Trading at CBOE Futures Exchange Up 103% Over Year Ago | |||
| Average Daily Volume for Month is Second-Highest All-Time May 1, 2012----The CBOE Futures Exchange, LLC (CFE) today announced that trading volume during April 2012 totaled 1,692,624 contracts, an increase of 103 percent from the 834,892 contracts traded in April 2011. | |||
| read more | |||
| FINRA Sanctions Four Firms $9.1 Million for Sales of Leveraged and Inverse Exchange-Traded Funds | |||
| May 1, 2012--The Financial Industry Regulatory Authority (FINRA) today announced that it has sanctioned Citigroup Global Markets, Inc; Morgan Stanley & Co., LLC; UBS Financial Services; and Wells Fargo Advisors, LLC a total of more than $9.1 million for selling leveraged and inverse exchange-traded funds (ETFs) without reasonable supervision and for not having a reasonable basis for recommending the securities. | |||
| read more | |||
| Market Vectors Reduces Expense Cap for Indonesia Index ETF (IDX) | |||
| First U.S.-listed Indonesia-focused ETF reducing expense cap for the second time; Fund currently holds Morningstar 5-star ratings in both 3-year and overall categories May 1, 2012--Van Eck Associates Corporation is lowering the expense cap for its Market Vectors Indonesia Index ETF (NYSE Arca: IDX) from 60 basis points (bps) to 57 bps, effective today. | |||
| read more | |||
| ETFs Growing Faster Than Mutual Funds | |||
| Five Star Equities Provides Stock Research on the SPDR S&P 500 ETF and the Daily Small Cap Bull 3X Shares ETF
May 1, 2012--ETFs have been gaining popularity among investors as a result of the poor performance of actively managed funds. The low costs, transparency, liquidity, and better tax efficiency are some of the major reasons ETFs are being chosen over mutual funds. | |||
| read more | |||
| NASDAQ OMX Launches New Options Based on MSCI Indexes | |||
| MSCI Emerging Markets and EAFE Index Options are the Only Cash-Settled Options Available in the U.S. on These Major Global Indexes May 1, 2012--The NASDAQ OMX Group, Inc. (NDAQ - News) announced today the launch of MSCI Emerging Markets (EEMIQ) and MSCI EAFE (EAFEQ) Index Options, which will be the latest U.S. options listings offered at NASDAQ OMX PHLX. They are the first and only listed cash-settled options available in the U.S. on these major global indexes. | |||
| read more | |||
| OIC Announces April Options Trading Volume Decreased 5% | |||
| May 1, 2012--The Options Industry Council (OIC) announced today that 319,640,606 total options contracts changed hands in April, 4.71 percent less than the 335,425,947 contracts traded in April 2011. | |||
| read more | |||
| ISE Reports Business Activity for April 2012 | |||
| May 1, 2012--ISE was the second largest equity options exchange in April with market share of 18.3%, excluding dividend trades.
Dividend trades made up 4.5% of industry volume in April 2012. The International Securities Exchange (ISE) today reported average daily volume of 2.6 million contracts in April 2012. | |||
| read more | |||
| Statement of Chairman Gary Gensler on the Proposed Interpretative Statement Regarding the Confidentiality and Indemnification Provision in the Dodd-Frank Wall Street Reform and Consumer Protection | |||
| Chairman Gary Gensler May 1, 2012--Commodity Futures Trading Commission Chairman Gary Gensler today issued the following statement: "I support the proposed interpretative statement regarding the application of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) indemnification provisions for swap data repositories (SDRs). The Commission is working closely with international regulators on a collaborative approach regarding how data may be accessed by regulators. | |||
| read more | |||
| Direxion files with the SEC | |||
| April 30, 2012--Direxion has filed a post-effective amendment, registration statement wiuth the SEC for Direxion Shares ETF Trust. | |||
| read more | |||
| ISE Launches ISE Premium Hosted Database | |||
| Comprehensive Tick Data and Analytics
Hosted Solution Provides Straightforward Access to over 200 Terabytes of Data April 30, 2012 --The International Securities Exchange (ISE) announced today that it has launched the ISE Premium Hosted Database (ISE PhD). | |||
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| CME Group Expands Multi-Asset Class OTC Offering with First Cleared FX Non-Deliverable Forward | |||
| April 30, 2012--CME Group, the world's leading and most diverse derivatives marketplace, announced today that on April 27 the company cleared its first customer FX Over-the-Counter Non Deliverable Forward (NDF) trade, further expanding the company's market leading OTC solution across multiple asset classes. The currency cleared was the Brazilian Real. | |||
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| Canadian securities regulators grant Designated Rating Organization status under new regulatory framework | |||
| April 30, 2012--The Canadian Securities Administrators announced today the official designation of DBRS Limited, Fitch, Inc., Moody's Canada Inc., and Standard & Poor's Rating Services (Canada) as Designated Rating Organizations (DROs) under applicable Canadian securities laws, as contemplated under National Instrument 25-101 Designated Rating Organizations (NI 25-101). | |||
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| BOX Granted SRO Approval From U.S. Securities And Exchange Commission | |||
| April 30, 2012--BOX Options Exchange announces it has received SEC approval of its application for registration as a national securities exchange and thus, act as its own self-regulatory organization (SRO). | |||
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| Morgan Stalney-US ETF Weekly Update | |||
| April 30, 2012--US ETF Weekly Update
Weekly Flows: $7.2 Billion Net Inflows ETF Assets Stand at $1.2 Trillion, up 14% YTD Nine ETF Launches Last Week ProShares Announces ETF Share Splits Vanguard Reduces Expense Ratios on 13 ETFs | |||
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| Treasury Announces Marketable Borrowing Estimates | |||
| April 30, 2012--The U.S. Department of the Treasury today announced its current estimates of net marketable borrowing for the April - June and July-September 2012 quarters:
During the April- June 2012 quarter, Treasury expects to issue $182 billion in net marketable debt, assuming an end-of-June cash balance of $95 billion. | |||
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| Report On Foreign Portfolio Holdings Of U.S. Securities | |||
| April 30, 2012--The final results from the annual survey of foreign portfolio holdings of U.S. securities at end-June 2011 are released today on the U.S. Treasury web site. A revised table on Major Foreign Holders of Treasury Securities, through end-February 2012, is also released. | |||
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| Open-End Investment Funds in the US Industry Market Research Report Now Available from IBISWorld | |||
| April 30, 2012--While assets under management (AUM) have fluctuated since 2006, the industry continues to be concerned with reduced fees. Capital markets depreciated dramatically during the five years to 2012 as high unemployment led to less income and investment savings, while recessionary cuts in company dividends and defined-contribution employee matching exacerbated the downturn. | |||
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| EGA Emerging Global Shares files with the SEC | |||
| April 27, 2012--EGA Emerging Global Shares has filed a post-effective amendment, registration statement with the SEC for the EGA Emerging Global Shares Trust. | |||
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| EGA Emerging Global Shares files with the SEC | |||
| April 27, 2012--EGA Emerging Global Shares has filed a post-effective amendment, registration statement with the SEC for the EGShares Beyond BRICs ETF EGShares Emerging Markets Domestic Demand ETF. | |||
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| Celent and Moody's predict further ETF growth | |||
| April 27, 2012--The exchange traded funds industry is poised for further growth in 2012 and beyond, according to a pair of reports published this week by Celent, the research consultancy, and Moody's Investors Services, the ratings agency. | |||
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| Horizons ETFs Announces ETF Closures | |||
| April 27, 2012 --Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate Horizons ETFs Management (Canada) Inc. (the "Manager") announced today that it will be terminating certain exchange traded funds ("ETFs") effective at the close of business on Friday June 29, 2012. | |||
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| Russell files with the SEC | |||
| April 27, 2012-Russell has filed a second and restated application for exemptive relief with the SEC. | |||
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| PAX World files with the SEC | |||
| April 27, 2012--PAX World files a post-effective amendment, registration statement with the SEC for the Pax MSCI North America ESG Index ETF
Pax MSCI EAFE ESG Index ETF | |||
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| Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices | |||
| April 27, 2012--Standard & Poor's will make the following changes in the S&P/TSX Canadian Indices: The shares of Pan Terra Industries Inc. (TSXVN:PNT) will trade under the new name Kombat Copper Inc. in the S&P/TSX Venture Composite Index after the close of Friday, April 27, 2012. | |||
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| Maple offer for TMX on knife edge | |||
| April 27, 2012-Another potential big stock exchange deal could soon be history. A group of Canadian banks and pension funds have said they may not extend their C$3.8bn ($3.7bn) offer to buy TMX Group, the country's largest exchange operator, past a deadline on Monday, citing a continued stiff regulatory review. | |||
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| National Income and Product Accounts Gross Domestic Product, 1st quarter 2012 | |||
| (advance estimate)
April 27, 2012--Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate of 2.2 percent in the first quarter of 2012 (that is, from the fourth quarter to the first quarter), according to the "advance" estimate released by the Bureau of Economic Analysis. In the fourth quarter of 2011, real GDP increased 3.0 percent. | |||
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| Vanguard Cuts Fees on Popular ETFs. | |||
| April 27, 2012--The ETF battles continue. Vanguard Group, the third-largest ETF provider, cut fees on 13 of its exchange-traded funds this week, bringing their costs to investors in line or ahead of those of some rival firms. | |||
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| Canada promotional blitz urges free trade with EU | |||
| April 27, 2012--Government ministers on Friday set out across Canada to promote a free trade pact with the European Union described as the "most ambitious" deal in Canadian history. | |||
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| CFTC.gov Commitments of Traders Reports Update | |||
| April 27, 2012--The current reports for the week of April 24, 2012 are now available. | |||
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| Vanguard Cuts Fees on Popular ETFs | |||
| April 27, 2012--The ETF battles continue. Vanguard Group, the third-largest ETF provider, cut fees on 13 of its exchange-traded funds this week, bringing their costs to investors in line or ahead of those of some rival firms. | |||
| read more | |||
| State Street Global Advisors Launches Actively Managed SPDR ETFs | |||
| Suite of Three Fund-of-Funds Designed to Take Advantage of Market Inefficiencies April 26, 2012--State Street Global Advisors (SSgA)*, the asset management business of State Street Corporation (NYSE: STT-News), today announced that the SPDR® SSgA Multi-Asset Real Return ETF (Symbol: RLY -News), the SPDR SSgA Income Allocation ETF (Symbol: INKM - News), and the SPDR SSgA Global Allocation ETF (Symbol: GAL-News) began trading on the NYSE Arca on April 26, 2012. The new funds, which are actively managed by SSgA's Investment Solutions Group (ISG), provide investors and advisors with access to the firm's institutional asset management expertise. | |||
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| UBS launches ETRACS exchange traded note providing exposure across commodities and across their respective futures maturities | |||
| ETRACS DJ-UBS Commodity Index 2-4-6 Blended Futures (Ticker: BLND) Is the first ETN linked to the second generation of the most widely followed commodities index April 26, 2012--UBS Investment Bank today announced the launch of the ETRACS DJ-UBS Commodity Index 2-4-6 Blended Futures ETN (Ticker: BLND), the first exchange-traded note linked to the next generation of the DJ-UBS Commodity Index, one of the most widely followed, diversified indexes of commodities futures prices. | |||
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| State Street Begins Asset-Allocation ETFs in Active Push | |||
| April 26, 2012--State Street Corp. (STT), the second- largest manager of exchange-traded funds, opened three products that can spread money across a range of asset classes in a push into actively managed ETFs. | |||
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| iShares Creates the First Suite of Corporate Credit Quality Exchange Traded Funds | |||
| iShares Launches the First ETFs that Access Baa-Ba and B - Ca Rated Corporate Debt April 26, 2012--BlackRock, Inc. (NYSE:BLK) announced that its iShares Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched the first suite of corporate credit quality ETFs. | |||
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| Horizons ETFs launches Canada's first hedge fund index ETF | |||
| April 26, 2012--Horizons Exchange Traded Funds Inc. ("Horizons ETFs") and its affiliate AlphaPro Management Inc. ("AlphaPro") are pleased to announce the launch of the Horizons Morningstar Hedge Fund Index ETF, (the"Hedge Fund ETF"), the first ETF in Canada that will allow investors to get hedge fund-type exposure for their portfolios through an index strategy. | |||
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| CSA provides guidance to improve compliance of disclosure requirements related to prospectus exemptions | |||
| April 26, 2012--The Canadian Securities Administrators (CSA) today published two notices aimed at improving market participant compliance with exemptions to prospectus requirements. Staff Notice 45-308 Guidance for Preparing and Filing Reports of Exempt Distribution and Multilateral Staff Notice 45-309 Guidance for Preparing and Filing an Offering Memoranda, offer guidance related to disclosure rules found under National Instrument (NI) 45-106 Prospectus and Registration Exemptions. | |||
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