"Unreasonably Feeble"-continued

Opening Statement of Commissioner Scott D. O'Malia Regarding Open Meeting on One Final Rule and One Proposed Rule1
February 23, 2012--Introduction
The latest issue of The Economist features an article titled "Over-regulated America"2 that features as its archetype for excessive and badly-written regulation our own Dodd-Frank Act.
The problem, the article points out, is that rules that sound reasonable on their own may impose a huge collective burden due, in part, to their complexity. Part of the problem is that we, as The Economist points out, are under the impression that we can anticipate and regulate for every eventuality. In our hubris, The Economist warns, our overreaching tends to defeat our good intentions and creates loopholes and perhaps unintentional safe-harbors, leaving our rules ineffectual and subject to abuse. The solution The Economist offers isn’t so unfamiliar, at least to this Commissioner. It is rather simple. It is just that: Rules need to be simple. Echoing President Obama’s 2011 Executive Order 13563 “Improving Regulation and Regulatory Review”3 (which applies equally to independent federal agencies such as the Commodity Futures Trading Commission (the “Commission” or “CFTC”) per a subsequent Executive Order4), The Economist advises that we ought to cut out the verbiage and focus on writing rules that articulate broad goals and prescribe only what is strictly necessary to achieve them.

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Source: CFTC.gov


American ETP News
WisdomTree files with the SEC
March 27, 2015--WisdomTre has filed a post-effective amendment, registration statement with the SEC for the WisdomTree Barclays U.S. Aggregate Bond Enhanced Yield Fund.
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First Trust Reschedules Investment Objective Changes for 7 AlphaDEX(R) ETFs
March 27, 2015--First Trust Advisors L.P. ("FTA") previously announced that on or about April 14, 2015, each of the seven index exchange-traded funds listed below (each a "Fund") will change its investment objective and seek investment results that correspond generally to the price and yield (before the Fund's fees and expenses) of a NASDAQ AlphaDEX(R) Equity Index.
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Source EURO STOXX 50 ETF to Close and Liquidate
March 26, 2015--The Board of Trustees of the Source ETF Trust has decided to close and liquidate the Source EURO STOXX 50 ETF (NYSE: ESTX), which is managed and marketed by Source Exchange Traded Investments, LLC.
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iShares files with the SEC- iShares MSCI International Developed Value Factor ETF
March 26, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI International Developed Value Factor ETF.
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iShares files with the SEC
March 26, 2015--March 25, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares MSCI International Developed Size Factor ETF.
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BlackRock, Morningstar and Ric Edelman Team Up For New ETF
March 26, 2015--The iShares Exponential Technologies ETF (XT) that launched this week is an unusual collaboration between a noted financial advisor, a respected financial research firm and the global leader in exchange-traded funds.
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BNY Mellon-Consultant 360-Volume I 2015
March 26, 2015--The BNY Mellon-Consultant 360-Volume I 2015 is now available.
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Global X Funds Announces Index Change For Its MLP ETF
March 26, 2015--Global X Funds, the New York based provider of exchange traded funds (ETFs), has announced that after the close of trading on March 31, 2015, the Global X MLP ETF (NYSE Arca: MLPA) will begin tracking the Solactive MLP Infrastructure Index.
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Direxion files with the SEC
March 26, 2015--Direxion has filed a post-effective amendment, registration statement with the SEC.
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AdvisorShares Weekly Market Update:
For the week of March 16-March 20The Fed Loses Patience
Macro
March 26, 2015-The Federal Reserve Bank apparently figured out how to remove the word "patient" from its guidance without triggering..
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CFTC Swaps Report Update
March 25, 2015--CFTC's Weekly Swaps Report has been updated, and is now available.
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FTSE Selected to Provide Index for New Mexico State
March 25, 2015--Innovative new FTSE RAFI Low Volatility Index to be utilized
Decision adds smart beta indexing to NMSIC passive and active strategies
Continues trend of corporate and public funds using smart beta
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Highland Will Make a Number of Hires to Power Its New Liquid Alts Platform
March 25, 2015--Highland Capital Management is pouring resources into a new investment platform. Watch for the Dallas-based mutual fund shop to add staff, technology, tools, and other resources to the effort.
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iShares files with the SEC- iShares iBonds Dec 2022 AMT-Free Muni Bond ETF
March 25, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares iBonds Dec 2022 AMT-Free Muni Bond ETF.
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iShares files with the SEC
March 25, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares iBonds Dec 2021 AMT-Free Muni Bond ETF*.
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SEC Proposes Rule to Require Broker-Dealers Active in Off-Exchange Market to Become Members of National Securities Association
March 25, 2015--The Securities and Exchange Commission today proposed rule amendments to require that broker-dealers trading in off-exchange venues become members of a national securities association.
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ProShares files with the SEC
March 25, 2015--ProShares has filed a post-effective amendment, registration statement with the SEC. This post-effective amendment relates only to ProShares Hedged FTSE Europe ETF.
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'A vote of confidence': Nasdaq, NYSE take steps to embrace bitcoin
March 24, 2015--The biggest U.S. stock exchange operators are taking steps to embrace bitcoin, spurring speculation the digital currency is coming up from underground.
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AdvisorShares Active ETF Report: Sponsors & AUM Continue to Climb
March 24, 2015--Assets under management for actively managed ETFs increased to $19.7 billion through February 28, 2015. There are now 122 actively managed ETFs which include offerings from a new sponsor, Tuttle Capital Management.
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The Start-Up Nation Index: New York-Based Company BlueStar Indexes Introduces The TA-BIGITech Index(TM)
TA-BIGITech(TM) includes 57 Stocks of Israeli High-Tech Companies Listed in Tel Aviv, New York and London, as well as Dual-Listed Companies, and will serve as the Underlying Benchmark for Index Funds, ETFs and ETNs
March 24, 2015--The Tel Aviv Stock Exchange (TASE) continues to implement the recommendations of the R&D Committee for promotion of Israeli high-tech companies, and has signed a cooperation agreement with BlueStar Indexes, a New York-based investment research company engaged in the development of global indexes.
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Global X files with the SEC
March 24, 2015--Global X has filed a post-effective amendment, registration statement with the SEC for the Global X SuperDividend(R) Alternatives ETF.
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State Street files with the SEC
March 24, 2015--State Street has filed a post-effective amendment, registration statement with the SEC for the SPDR EURO STOXX 50® (R)Currency Hedged ETF.
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BlackRock Launches iShares Exponential Technologies ETF
Inspired by Edelman Financial Services with an Index Designed and Constructed by MorningstarProvides Exposure to Transformational Firms at the Forefront of Innovation
March 24, 2015--BlackRock, Inc. announced today that its iShares Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched the iShares Exponential Technologies ETF (nysearca:XT).
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Lattice Strategies Expands Risk-First Fund Family with Debut of Global Small-Cap ETF
March 24, 2015--Lattice Strategies, an investment management firm that seeks long-term capital growth through the disciplined and deliberate allocation of risk, today announced that its global small-cap exchange-traded fund (ETF), Lattice Global Small Cap Strategy ETF, began trading today on the New York Stock Exchange under the ticker (NYSE:ROGS).
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IndexIQ Adds to Industry-Leading Liquid Alts Family; Now Offers Complete Toolkit for Those Looking to "Build Their Own Hedge Fund Strategy"
MArch 24, 2015--New ETFs, IQ Hedge Long/Short Tracker ETF (QLS) & IQ Hedge Event-Driven Tracker ETF (QED) "complete the set" as IndexIQ now has an ETF for each of the four major hedge fund strategies
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RealityShares files with the SEC
March 24, 2015--RealityShares has filed a post-effective amendment, registration statement with the SEC. This post-effective Amendment No. 4 relates solely to the Reality Shares NASDAQ-100 DIVS Index ETF and the Reality Shares DIVS Index ETF.
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SEC chief forges ahead on financial adviser regs
March 23, 2015--Securities and Exchange Commission (SEC) Chair Mary Jo White will tell Congress Tuesday that she is moving forward with stringent new regulations for financial advisers, according to prepared testimony obtained by The Hill.
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FIA Issues Guide on the Development and Operation of Automated Trading Systems
March 23, 2015--Today, FIA released a comprehensive guide to the development and operation of automated trading systems.
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SIFMA Releases White Paper Highlighting the Current Regulatory Regime Which Comprehensively Protects Investors and Preserves Investor Choice
March 23, 2015-- SIFMA today released a white paper developed by Morgan Lewis, titled "Department of Labor Retirement Initiative Fails to Consider Current Regulatory Regime, Which Comprehensively Protects Investors, Including IRA Investors, and Preserves Investor Choice."
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Schwab's Advisor Robo-Platform Offers 200 ETFs, 28 Asset Classes
Schwab Institutional Intelligent Portfolios requires 4% cash holdings in portfolios
March 23, 2015--Charles Schwab on Monday announced details of its Institutional Intelligent Portfolios (IIP) robo-advisor offering in a webcast with more than 3,100 of its RIA clients.
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Questrade launches six distinctive ETFs, listed on the TSX
March 23, 2015--Today, Questrade Wealth Management launched Questrade Smart ETFs™ with the listing of six exchange traded funds on the TSX.
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CIBC Mellon to provide asset servicing for Questrade's new family of exchange-traded funds
March 23, 2015--CIBC Mellon today announced that Questrade Financial Group has selected CIBC Mellon as asset servicing provider for its newly-launched family of exchange-traded funds (ETFs).
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SIFMA Chief: Fiduciary Standard Could Be Detrimental To Investors
March 23, 2015--A new legal white paper said the proposed fiduciary standard for the sale of investment products "has the potential to cause a detrimental impact on all American savers, especially middle class investors, and the retirement system as a whole."
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US regulator calls fears over leveraged ETFs 'baseless'
March 23, 2015--The Securities and Exchange Commission's Michael Piwowar is downplaying warnings over leveraged exchange traded funds’ threat to market stability.
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Volcker Outlines Plan for Overhauling Financial Regulation
March 20, 2015--Former Federal Reserve Chairman Paul Volcker outlined a new plan for revamping the way the U.S. government oversees the financial system, adding his voice to an idea that is broadly supported-even if Congress can never muster enough votes to pass it.
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Wisdom Tree leverages dollar volatility to attract investor dollars
March 20, 2015--Two exchange-traded funds are leading New York-based ETF manager WisdomTree Investments Inc. to experience significant growth.
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Exchange Traded Concepts files with the SEC
March 20, 2015--Exchange Traded Concepts has filed a post-effective amendment, registration statement with the SEC for the
GaveKal Knowledge Leaders Emerging Markets ETF
GaveKal Knowledge Leaders Developed World ETF.
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Direxion files with the SEC
March 20, 2015--Direxion has filed a post-effective amendment, registration statement with the SEC.
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Janus files with the SEC
March 20, 2015--Janus has filed a amended application for exemptive relief with the SEC.
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Dutch HFT plots US expansion
March 20, 2015--A Dutch high-speed trading firm reportedly preparing for an IPO that could value it at more than $1 billion has secured a broker dealer license with Wall Street's self-regulator
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BATS aims to be No. 1 in U.S. ETF listings within 3-5 years
March 20, 2015--March 20, 2015--BATS Global Markets plans to aggressively expand its listings business for exchange-traded funds, with the goal of being the No. 1 ETF listing venue within three to five years, the head of the exchange operator's U.S. markets said on Friday.
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AdvisorShares Weekly Market Update-Deflation in the USA
March 19, 2015--For the week of March 9 thru March 13
Macro
On Friday the Producer Price Index (PPI) printed at -0.50% which was the fourth monthly decline in a row. This creates a quandary for the Federal Reserve Bank at their meeting this week because it wants to hike interest rates in the next few months.
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Research Affiliates shutters index line licensed to PowerShares
March 19, 2015--Invesco PowerShares is swapping indices on nine smart beta equity exchange traded funds after Research Affiliates announced it would discontinue a family of benchmarks.
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Global X files with the SEC
March 19, 2015--Global X has filed a post-effective amendment, registration statement with the SEC for the
Global X Scientific Beta US ETF
Global X Scientific Beta Europe ETF
Global X Scientific Beta Japan ETF
Global X Scientific Beta Asia ex-Japan ETF
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Direxion files with the SEC
March 19, 2015--Direxion has filed a post-effective amendment, registration statement with the SEC.
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Alps files with the SEC
March 19, 2015--Alps has filed a post-effective amendment, registration statement with the SEC.
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Guggenheim files with the SEC
March 19, 2015--Guggenheim has filed a post-effective amendment, registration statement with the SEC.
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New Research From Fidelity(R) and BlackRock Reveals a Key to Growth for ETF Adoption is Educating Investing on ETF Basics
March 19, 2015--ETF Industry Grows at Record Pace, Even Though Two-Thirds of U.S. Investors Don't Own ETFs
Greater Awareness, Further Education Are Powerful Drivers To Increasing ETF Adoption Among Investors and Advisors
Current ETF Owners Increasingly Turning to ETFs for Long-Term Holdings
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Beacon Announces Strategic Hire for ETF and Office Expansion
March 19, 2015--Beacon Consulting Group (Beacon) announces the addition of Steve Messinger to the management team as it continues its West Coast growth and expansion in the ETF and investment management industry.
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Emerging Market debt markets offer value and diversity
March 19, 2015--There are significant pockets of value in emerging markets debt with a wide variety of options for investors to access fixed income assets at a low cost, according to Francis Rodilosso, Senior Investment Officer for Van Eck Global's Market Vector's fixed income exchange traded funds (ETFs).
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Regulators Outpace Physicists in Race to Catch Flash Boys
March 18, 2015-- Regulators are testing the limits of science in their drive to stop high-frequency traders from manipulating European securities markets.
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DB-Synthetic Equity & Index Strategy-US ETF Market Weekly Review-Equity ETPs attract $6.7bn in fresh new cash
March 18, 2015--Friday, March 13th
Market and Net Cash Flows Review
The US (S&P 500) fell by 0.86%; while, outside the US, the MSCI EAFE (in USD) and the MSCI EM (USD) dropped by 1.72% and 3.24%, respectively. In the meantime, performance was mixed across US sectors.
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CFTC Swaps Report Update
March 18, 2015--CFTC's Weekly Swaps Report has been updated, and is now available.
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Federal Reserve Board and Federal Open Market Committee release economic projections from the March 17-18 FOMC meeting
March 18, 2015--The attached table and charts released on Wednesday summarize the economic projections and the target federal funds rate projections made by Federal Reserve Board members and Federal Reserve Bank presidents for the March 17-18 meeting of the Federal Open Market Committee.
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Federal Reserve issues FOMC statement
March 18, 2015--Information received since the Federal Open Market Committee met in January suggests that economic growth has moderated somewhat. Labor market conditions have improved further, with strong job gains and a lower unemployment rate.
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SEC Joins Battle on Broker Bias That Could Remake Industry
March 17, 2015--The head of the U.S. Securities and Exchange Commission called for tighter rules on brokers, echoing the White House's campaign to crack down on what the government calls biased financial advice that is costing investors billions of dollars.
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Global X Funds Expands SuperDividend(R) ETF Suite With Emerging Market And REIT Offerings
March 17, 2015--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), today launched the Global X SuperDividend(R) Emerging Markets ETF (SDEM) on the NYSE Arca and the Global X SuperDividend(R) REIT ETF (SRET) on the NASDAQ Stock Exchange.
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U.S. bond ETF set for record outflow in March-TrimTabs
March 17, 2015--U.S. bond exchange-traded funds are on track to experience outflow in March on worries the Federal Reserve may raise interest rates later this year, TrimTabs Investment Research said on Tuesday.
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Vanguard to Bring Price War to Small-Business Pensions Market
Investment manager's cut-price index funds spawned a competitive race to slash fees among rivals
March 17, 2015--Vanguard Group is bringing the investment price war to the small-business pensions market, according to its Chief Executive F. William McNabb III.
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Reading the confusing alphabet soup of exchange-traded fund trends
The ETF universe seems to perpetually expand but the result of pushing the envelope isn't necessarily always positive
March 17, 2015--Every year, investing in exchange-traded funds gets more confusing. Last year, 178 new ETFs launched (based on their inception date as determined by Morningstar Inc.) and while the ETF universe seems to perpetually expand, the result of pushing the envelope in product development isn't necessarily always positive.
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Nasdaq Lists The Global X SuperDividend(R) REIT ETF
Offers Features to Help Reduce Interest Rate Risk and Diversify Portfolios
March 17, 2015--Nasdaq announced that Global X Funds will list a new exchange-traded fund (ETF), The Global X SuperDividend(R)REIT ETF (Symbol:SRET), which will begin trading on The Nasdaq Stock Market today.
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John Hancock files with the SEC
March 17, 2015--John Hancock has filed a fourth amended and restated application for exemptive relief with the SEC.
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ETF Series Solutions files with the SEC
March 17, 2015--ETF Series Solutions has filed a post-effective amendment, registration statement with the SEC for the Diamond Hill Valuation-Weighted 500 ETF.
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Columbia files with the SEC
March 17, 2015--Columbia Management Investment Advisers has filed a post-effective amendment, registration statement with the SEC. This post-Effective Amendment relates solely to the Columbia Core Bond ETF, Columbia Intermediate Municipal Bond ETF, Columbia Large Cap Growth ETF, Columbia Select Large Cap Growth ETF, Columbia Select Large Cap Value ETF series.
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ETFs struggle to dazzle pension funds
March 17, 2015--Despite their much-lauded growth in the past few decades,
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Morningstar Reports U.S. Mutual Fund and ETF Asset Flows for February 2015
March 17, 2015--Morningstar, Inc., a leading provider of independent investment research, today reported estimated U.S. mutual fund and exchange-traded fund (ETF) asset flows for February 2015.
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First Trust Extends its Latin American Reach Via Chile's Pension Funds
Chile's Pension Risk Rating Commission Approves Sale of Two First Trust AlphaDEX ETFs
March 17, 2015--First Trust Advisors L.P. ("First Trust"), a global ETF provider and asset manager, today announced that Chilean pension funds investment Risk Rating Commission, La Comisión Clasificadora de Riesgo (CCR), has approved two First Trust ETFs for sale to Chilean pension funds, known as la Asociación de Administradoras de Fondos de Pensiones(AFPs).
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Annual Changes to the NASDAQ US Broad Dividend Achiever Index
March 16, 2015--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the results of the annual evaluation of the NASDAQ US Broad Dividend Achievers(TM) Index (Nasdaq:DAA), which will become effective prior to market open on Monday, March 23, 2015.
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Treasury International Capital Data For January
March 16, 2015--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for January 2015. The next release, which will report on data for February 2015, is scheduled for April 15, 2015.
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US SEC official says worries about ETFs and market volatility overblown
March 16, 2015--Concerns that riskier exchange-traded funds may contribute to increased volatility in financial markets because of the way they rebalance their portfolios are overblown, a top U.S. securities regulator said on Monday.
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Financial Sector Regains S&P 500 Dividend Crown After Stress Tests
March 16, 2015--When the Federal Reserve Bank approved the post-stress test capital plans for 28 of the 31 banks subject to the Comprehensive Capital Analysis and Review (CCAR), it set off a flurry of announcements of, dividend increases and share repurchases that lit up the tape.
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WisdomTree files with the SEC-WisdomTree DEFA Hedged Equity Fund
March 16, 2015--WisdomTree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree DEFA Hedged Equity Fund.
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WisdomTree files with the SEC
March 16, 2015--WisdomTree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree International Hedged SmallCap Dividend Fund.
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PowerShares files with the SEC
March 16, 2015--PowerShares has filed a post-effective amendment, registration statement with the SEC.
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Assets in ETFs/ETPs listed in the United States reached a new record high of 2.09 trillion US dollars at the end of February 2015 according to ETFGI
March 16, 2015-Assets invested in ETFs/ETPs listed in the United States reached a new record high of US$2.09 trillion at the end of February 2015, according to ETFGI's monthly ETF and ETP global insight report for February.
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ETFs/ETPs listed in Canada celebrated their 25th anniversary on March 9th according to ETFGI
March 16, 2015--March 9th marked the 25th anniversary of the listing of the first ETF in Canada on the Toronto Stock Exchange: the TIPs (Toronto 35 Index Participation Fund) tracking the TSX 35 index. The TIPS ETF listed nearly three years before the first ETF the SPDR S&P 500 ETF (SPY) was listed in the United States on January 29, 1993.
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ProShares files with the SEC
March 13, 2015--ProShares has filed a Form S-1, registration statement with the SEC.
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PowerShares files with the SEC-PowerShares Contrarian Opportunities Portfoli
March 13, 2015--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares Contrarian Opportunities Portfolio (formerly, PowerShares NYSE Century Portfolio).
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PowerShares files with the SEC
March 13, 2015--PowerShares has filed a post-effective amendment, registration statement with the SEC.
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Van Eck files with the SEC
March 13, 2015-Van Eck has filed a third amended and restated application for exemptive relief with the SEC.
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Alps files with the SEC
March 13, 2015--Alps has filed a post-effective amendment, registration statement with the SEC for the Sprott Junior Gold Miners ETF.
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Global X files with the SEC
March 13, 2015--Global X has filed a post-effective amendment, registration statement with the SEC.
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DBX files with the SEC
March 13, 2015--DBX has filed a post-effective amendment, registration statement with the SEC for the
Deutsche X-trackers Dow Jones Hedged International Real Estate ETF
NYSE Arca, Inc.: DBRE
Deutsche X-trackers S&P Hedged Global Infrastructure ETF
NYSE Arca, Inc.: DBIF
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Investors shift focus to equity ETFs
March 13, 2015--Global assets invested in exchange-traded products reached a high of US$2.91 trillion as of the end of February, according to preliminary data from ETFGI.
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New ETF Provides Pure-Play Exposure to the Growth of Dividends
March 13, 2015--It sounds like a great plan: Save up a few million bucks, buy dividend-paying stocks, and live off the income. How much do you need? Two million dollars invested in dividend-paying stocks yielding an average of 3% would provide $60,000 in annual income.
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NYSE owner warns of cyber risk to high-frequency trading
March 13, 2015--The owner of the New York Stock Exchange has warned that its efforts to fend off cyber hackers could reverse the momentum towards ever-faster markets, piling fresh pressure on the "flash boys" of high-frequency trading.
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Horizons ETFs announces final valuations for terminated ETFs
March 13, 2015--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs") previously announced, by way of a press release dated December 31, 2014, that certain exchange traded funds
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Invesco PowerShares Announces Changes to ETF Family
Plans to change the indexes and providers of ten ETFs
Management fees reduced on four ETFs
Four ETFs to receive new product tickers
March 13, 2015--Invesco PowerShares Capital Management LLC, a leading global provider of exchange-traded funds (ETFs) with more than $100 billion in franchise assets, today announced changes to its product line.
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ETFis files with the SEC
March 12, 2015--ETFis has filed a post-effective amendment, registration statement with the SEC for the Reaves Utilities ETF.
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WisdomTree files with the SEC
March 12, 2015--WisdomTree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree Global ex-U.S. Hedged Dividend Fund.
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ETFis files with the SEC
March 12, 2015--ETFis has filed a post-effective amendment, registration statement with the SEC.
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State Street files with the SEC
March 12, 2015--State Street has filed a post-effective amendment, registration statement with the SEC-SSgA Active Trust.
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ProShares Announces Changes to Gold ETFs' Benchmark
March 12, 2015--ProShares, a premier provider of alternative ETFs, announced changes to the benchmark tracked by ProShares Ultra Gold (UGL) and ProShares UltraShort Gold (GLL).
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AdvisorShares Weekly Market Update:
March 12, 2015--For the week of March 2-March 6
NASDAQ 5000, and it Lasted for Almost 24 Hours!
Like many of the recent jobs reports there were things to like and things to dislike. There were 295,000 new jobs created which was well ahead of expectations which was a "like".
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Upstart stock exchange Aequitas raises money and adds investors as it prepares for March 27 launch
March 12, 2015--Upstart stock exchange Aequitas Innovations Inc., which is already backed by industry heavy hitters including RBC Capital Markets and Barclays., has added to the roster with Invesco Canada Ltd.,
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Auspice Capital to Offer ETF Tied to Canada Heavy Crude
March 12, 2015--Auspice Capital Advisors Ltd. is creating Canada's first exchange-traded fund based on heavy crude produced in Alberta to supply U.S. refineries.
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CSOP Asset Management Launches CSOP FTSE China A50 ETF on NYSE Arca
Debuted with more than $237 million in assets as the largest initial launch among all US listed equity ETFs since 2007[1]
March 12, 2015-- CSOP Asset Management Limited ("CSOP" or the "Company"), a leading offshore Chinese asset manager with the largest Renminbi Qualifi­ed Foreign Institutional Investor ("RQFII") quota, announced that its CSOP FTSE China A50 ETF (the "Fund") will begin trading today on the NYSE Arca under the ticker "AFTY".
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CFTC.gov Swaps Report Update
March 11, 2015--CFTC's Weekly Swaps Report has been updated, and is now available.
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CBOE to Launch MSCI Index Options on Options on April 21
April 11, 2015--CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that it plans to list options on the MSCI Emerging Markets Index (EEM) and the MSCI EAFE Index (EAFE) beginning Tuesday, April 21.
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Direxion Investments Launches ETFs Tracking Value Line(R) Indexes
New ETFs Enable Investors to Harness Research Powerhouse's Ranking Systems
March 11, 2015--Direxion Investments announced today that it has launched three Strategic Beta ETFs which track indexes from Value Line.
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Principal Financial Signals ETF Entry With Kim Hire
March 11, 2015--Principal Financial Group's (PFG) Principal Global Investors signaled its intent to join the rapidly-growing exchange traded funds industry with the recent hiring
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First Trust files with the SEC
March 11, 2015--First Trust has filed a post-effective amendment, registration statement with the SEC.
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The Big Picture: A Cost Comparison of Futures and ETFs
March 11, 2015--CME has released a report-The Big Picture: A Cost Comparison of Futures and ETFs.
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UBS ETRACS launches two ETNs linked to ISE Exclusively Homebuilders Total Return Index
March 11, 2015--UBS ETRACS Launches Two Exchange-Traded Notes Linked to the ISE Exclusively Homebuilders Total Return Index
ETRACS ISE Exclusively Homebuilders ETN
ETRACS Monthly Reset 2xLeveraged ISE Exclusively Homebuilders ETN
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Exchange Traded Concepts to Close and Liquidate the Horizons S&P Financial Select Sector Covered Call ETF
March 11, 2015--After careful consideration, the Board of Trustees of the Exchange Traded Concepts Trust II has determined to close and liquidate the Horizons S&P Financial Select Sector Covered Call ETF (NYSE: HFIN), which is managed and marketed by Horizons ETFs Management (USA) LLC ("Horizons USA").
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Eaton Vance NextShares Carves Out a New Space
Eaton Vance NextShares is forging a new path with exchange-traded managed funds, and Stephen Clarke is leading the way. But is this new asset class ready for the opening bell?
March 11, 2015--In November, Eaton Vance received something it had been working toward for four years: Securities and Exchange Commission approval to offer a new class of investment product that the firm referred to as exchange-traded managed funds (ETMFs).
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OSC's Investor Advisory Panel Releases Annual Report
March 10, 2015--The Investor Advisory Panel has submitted its Annual Report 2013-14 to the Ontario Securities Commission (OSC).
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State Street Global Advisors Announces Changes to U.S. SPDR ETF Lineup
March 10, 2015--State Street Global Advisors (SSGA), the asset management business of State Street Corporation (NYSE:STT), today announced plans to close and liquidate the following three exchange traded funds based on an ongoing review of the SPDR ETF offering and limited market demand:
SPDR S&P Mortgage Finance ETF (KME);
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Direxion files with the SEC
March 10, 2015--Dirxion has filed a post-effective amendment, registration statement with the SEC.
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BATS Global Markets names Kapil Rathi as VP Options Business Strategy
BATS Adds to Strong Team Leading Its Growing Options Market
March 10, 2015--Global Markets (BATS), a leading operator of exchanges and services for financial markets globally, today announced the hiring of Kapil Rathi as Vice President, Options Business Strategy.
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Vanguard says Europe head Thomas Rampulla to lead US advisor services unit
March 10, 2015--Mutual fund company Vanguard Group said it would move the head of its UK and European operations, Thomas Rampulla, to the United States to head its $1 trillion Financial Advisor Services division by mid-year.
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BNY Mellon ADR Index Monthly Performance Update-February 2015
March 10, 2015--The BNY Mellon ADR Index Monthly Performance Update-February is now available.
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NYSE Sees Progress In Push For Faster Active ETF Listings
March 9, 2015--The New York Stock Exchange's Arca unit has reached a new turning point in its push to speed listing times for actively managed, transparent exchange-traded funds, an exchange official said.
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CBO-Monthly Budget Review for February 2015
March 9, 2015--The federal government ran a budget deficit of $386 billion for the first five months of fiscal year 2015, CBO estimates-$10 billion more than the shortfall recorded in the same span last year.
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CBO-Updated Budget Projections: 2015 to 2025
March 9, 2015--As it typically does after the President's budget is released, CBO has updated the baseline budget projections it published earlier in the year. CBO now estimates that if the laws that currently govern federal taxes and spending generally remain in place, the federal budget deficit will total $486 billion in fiscal year 2015, about the same as the shortfall posted in 2014.
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Toronto Stock Exchange Celebrates 25 Years of Listing and Trading Exchange Traded Funds
The world's first ETF was launched on TSX in 1990
March 9, 2015--2015 marks the 25th anniversary of the creation of the world's first Exchange Traded Fund (ETF).
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Women In ETFs Take the NYSE
March 9, 2015--The ETF industry's first women's group, with eight chapters in the United States, Europe, Canada and its newest chapter in Asia Pacific, rang the NYSE's opening bell this morning across the globe to commemorate International Women's Day 2015!
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Charles Schwab Launches Schwab Intelligent Portfolios(TM)
Sophisticated, automated advice and money management with no commissions, advisory or account service fees
March 9, 2015--Charles Schwab today launched a fully automated investment advisory service, Schwab Intelligent Portfolios(TM), the only investment advisory service using sophisticated computer algorithms to build, monitor,
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Van Eck files with the SEC
March 9, 2015--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Emerging Markets High Yield Bond ETF.
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Vanguard to Make It Easier to Invest in Munis
The fund giant's ETF would have lower expenses,which could be a draw
March 8, 2015--The municipal-bond market isn't always the easiest to navigate. But the simple, cheap choice of investing in muni bonds through ETFs is about to get a boost.
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Jefferies reportedly cuts commodities-futures brokerage staff
March 7, 2015--Investment bank Jefferies Group LLC [JGLL.UL], owned by Leucadia National Corp (LUK.N), has cut about 20 jobs in its commodities futures brokerage in New York and Chicago, three sources familiar with the cuts said on Friday.
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Janus Capital Gets Initial Nod from SEC to Offer ETFs-Analyst Blog
March 6, 2015--Global investment firm Janus Capital Group, Inc. seems to be on track with its business strengthening initiatives.
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CFTC.gov Commitments of Traders Reports Update
March 6, 2015--The current reports for the week of March 3, 2015 are now available.
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State Street files with the SEC
March 6, 2015--State Street has filed a post-effective amendment, registration statement with the SEC for the SPDR MSCI China A Shares IMI ETF.
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Lattice files with the SEC
March 6, 2015--Lattice has filed a post-effective amendment, registration statement with the SEC.
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Direxion files with the SEC
March 6, 2015--Direxion has filed a post-effective amendment, registration statement with the SEC for the
Direxion Value Line(R) Mid- and Large-Cap High Dividend ETF (VLML)
Direxion Value Line(R) Small- and Mid-Cap High Dividend ETF (VLSM)
Direxion Value Line® Conservative Equity ETF (VLLV)
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ETF Factsheets From XTF Inc. Now Available via AIRE(TM) Market
Ratings on Exchange Traded Funds Now Available on the Cloud-Based Marketplace for Financially Actionable Apps, Information, and Reports (Financial AIR(TM) from Airex, Inc.
March 5, 2015--Airex, Inc. (www.airexmarket.com) today announced that Factsheets for Exchange Traded Funds (ETFs) from XTF Inc. (XTF) are now available for purchase on the AIREX Market, the first independent, online marketplace for financially actionable apps, information, and reports (Financial AIR).
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First Bridge Data- 'ETF 20/20 Report' March 2015
March 5, 2015--Our monthly 'ETF 20/20' report summarizes the most important recent Exchange Traded Fund (ETF) trends in the US. It uses data from the First Bridge global ETF database
US ETF assets rose in February 2015 to $2.094T, with the S&P 500 Index having its best monthly gain since October 2011.
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AdvisorShares Weekly Market Update: Negative Yields Proliferate Europe
March 5, 2015--For the week of February 23-February 27
Negative Yields Proliferate Europe
Macro
Fed Chair Janet Yellen gave testimony on Capitol Hill last week that offered no surprises or news and probably to Chair Yellen's relief did not move equities at all and only moved bonds slightly.
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BlackRock Launches iShares Short Maturity Municipal Bond ETF
Seeks to maximize tax-free income through diversified exposure to short-term municipal bonds
March 5, 2015-- BlackRock, Inc. BLK announced today that its iShares Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched the iShares Short Maturity Municipal Bond ETF (bats:MEAR).
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ETFis files with the SEC
March 5, 2015--ETFis has filed a post-effective amendment, registration statement with the SEC for the INFRACAP MLP ETF.
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Nuveen taking another crack at ETFs
March 5, 2015--Nuveen Investments is planning to launch active exchange traded funds, nearly 13 years after abandoning an earlier ETF foray.
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Guggenheim files with the SEC
March 5, 2015--Guggenheim has filed a post-effective amendment, registration statement with the SEC for the Guggenheim S&P High Income Infrastructure ETF.
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U.S. mutual funds cut expenses by shifting billions to trusts
March 4, 2015--Mutual fund companies, including No. 2 Fidelity Investments, have slashed fees on their most popular funds by shifting billions of dollars into collective trusts not regulated by the U.S. Securities and Exchange Commission.
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Bitcoin's golden moment: BIT gets FINRA approval
March 4, 2015-Online wallet and exchange services such as Coinbase have made it incredibly easy for the everyday investor and user of bitcoin to buy the currency.
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DB-Synthetic Equity & Index Strategy-North America-US ETF Market Monthly Review-US ETP assets clearly crossed $2.0 trillion mark in February
March 4, 2015--Data in this report is as of Friday, February 27th
US ETP assets rose by $108.7bn
ETP assets in the US rose by $108.7bn to $2.066 trillion (YTD +4.4%) last month.
ETF AUM was 14.5% of the Mutual Fund AUM at the end of January vs.14.6% at the end of 2014, and 6.5% at the end of 2007.
Flows Review: Equity ETPs capture $17.4bn during February
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SA stocks down as defensive shares wilt
March 4, 2015--SA stocks have pulled back weighed down by defensive stocks
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iShares files with the SEC- iShares Interest Rate Hedged Emerging Markets Bond ETF
March 4, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Interest Rate Hedged Emerging Markets Bond ETF.
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iShares files with the SEC-iShares Interest Rate Hedged 10+ Year Credit Bond ETF
March 4, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Interest Rate Hedged 10+ Year Credit Bond ETF.
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WisdomTree Launches Europe Hedged SmallCap Equity Fund (EUSC)
Industry's First ETF for European Small Cap Equity Exposure Without the Euro
March 4, 2015--WisdomTree (NASDAQ: WETF), an exchange-traded fund (“ETF”) and exchange-traded product (“ETP”) sponsor and asset manager, today announced the launch of the WisdomTree Europe Hedged SmallCap Equity Fund (EUSC) on the NYSE Arca.
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iShares files with the SEC-iShares Interest Rate Hedged 0-5 Year High Yield Bond ETF
March 4, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Interest Rate Hedged 0-5 Year High Yield Bond ETF.
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ProShares files with the SEC
March 4, 2015--ProShares has filed a post-effective amendment, registration statement with the SEC.
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ProShares files with the SEC
March 4, 2015-ProShares has filed a post-effective amendment, registration statement with the SEC.
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iShares files with the SEC
March 4, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares U.S. CapEx ETF.
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Bitcoin Swaps Exchange Enters Merger Agreement to Get Listed Publicly
March 3, 2015--Tera Group Inc, the operator of the US's first regulated Bitcoin derivative platform Tera Exchange,
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First Trust files with the SEC
March 3, 2015--First Trust has filed a first amended and restated application for exemptive relief with the SEC.
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Reality Shares files with the SEC
March 3, 2015--Reality Shares has filed a post-effective amendment, registration statement with the SEC for the
Reality Shares NASDAQ-100 DIVS Index ETF
Reality Shares DIVS Index ETF.
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Altavista-Sector SPDR Analyzer + Equal Sector Weight ETF-March 2015
March 3, 2015--The monthly update on each of the nine Select Sector SPDRs plus the ALPS Equal Sector Weight ETF is now available.
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CBO-Federal Debt and the Statutory Limit, March 2015
March 3, 2015--The debt limit-commonly referred to as the debt ceiling-is the maximum amount of debt that the Department of the Treasury can issue to the public and to other federal agencies.
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Morgan Stanley-US ETF Weekly Update
March 2, 2015--Weekly Flows: $7.0 Billion Net Inflows
Sixth Consecutive Week of Net Inflows
High-conviction ETF Recommendations Slide
ETF Assets Stand at $2.1 Trillion, Up 5% YTD
Seven ETF Launches Last Week
Deutsche Increases Creation Limit on China ETF
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ETF Series Trust
March 2, 2015--ETF Series Trust has filed a post-effective amendment, registration statement with the SEC for the
Recon Capital DAX Germany ETF (DAX)
Recon Capital FTSE 100 ETF (UK)
Recon Capital NASDAQ 100 Covered Call ETF (QYLD).
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Corporate-Bond Market Poses Systemic Risk, SEC's Gallagher Says
March 2, 2015--A lack of liquidity in corporate-bond markets could pose a "systemic risk" to the economy when interest rates rise, U.S. Securities and Exchange Commission member Daniel Gallagher said.
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Wall St. rallies, Nasdaq hits highest level since 2000
March 2, 2015--The Nasdaq on Monday closed above 5,000 for the first time since the year 2000 dot-com bubble as tech stocks were boosted by deals, while the S&P 500 and Dow indexes hit records after economic data pointed to a slowly accelerating economy.
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iShares files with the SEC
March 2, 2015--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Short Maturity Municipal Bond ETF.
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Exclusive: SEC plans to level playing field for newer ETF firms
March 2, 2015--The U.S. Securities and Exchange Commission may strip Vanguard Group, BlackRock Inc and State Street Corp, the oldest and biggest providers of exchange-traded funds, of an advantage they hold over newer rivals in how they assemble the shares of their funds, said sources familiar with the SEC.
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More clients, and delays, for Eaton Vance's active ETFs
March 2, 2015--Eaton Vance continues to add fund shops backing its push to develop nontransparent exchange traded products, but the timeline for launching NextShares is growing longer.
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Deutsche Bank Boosts Capacity for A-Shares ETF
March 2, 2015--Deutsche Asset & Wealth Management on Monday took a step toward normalizing the trading mechanics for its popular China "A-shares" exchange-traded fund, diminishing the odds that the fund's price will leapfrog its net-asset value in bouts of heavy buying.
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Horizons ETFs Announces Appointment of Co-CEOs
March 2, 2015--Horizons ETFs Management (Canada) Inc. ("Horizons ETFs"), the Toronto-based manager and trustee of a family of exchange traded funds, announces today that Mr. Taeyong Lee, Executive Chairman of Horizons ETFs, along with Steven Hawkins, Chief Investment Officer of Horizons ETFs, have been appointed as Co-Chief Executive Officers of Horizons ETFs.
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BlackRock Reduces Fees on Five Bond ETFs, Joining Rivals
March 2, 2015--BlackRock Inc., the world's largest money manager, cut fees on five bond exchange-traded funds, joining rivals in lowering costs to attract more investors.
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ISE Holdings Reports Business Activity for February 2015
March 2, 2015--ISE and ISE Gemini combined represent 12.5% of equity options market share, excluding dividend trades.
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CBOE Holdings Reports February 2015 Trading Volume
ADV of 4.7 Million Contacts Down 13% vs January
Total Volume of 88.5 Million Contracts Traded
March 2, 2015--CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that average daily volume (ADV) during February for options contracts on Chicago Board Options Exchange(R)(CBOE(R)) and C2 Options ExchangeSM (C2SM) and futures contracts on CBOE Futures Exchange (CFE®) was 4.7 million contracts, a decrease of 22 percent from February 2014 and a decline of 13 percent from January 2015.
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Institutions Pour Cash Into Bond ETFs
Move to exchange-traded funds comes as big investors deal with bond-trading challenges
March 1, 2015--Institutions are piling into exchange-traded bond funds at the fastest pace on record, driven by forces reshaping the increasingly illiquid corporate-debt market and their desire to stay nimble ahead of expected interest-rate moves.
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The walls close in on the fund management market
March 1, 2015--Patience with the investment management market is wearing dangerously thin, says Chris Newlands
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