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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.

The company also offers NDF clearing for the Chinese Renminbi Yuan, Philippine Peso, Malaysian Ringgit, Indian Rupee, Korean Won, Taiwan Dollar, Chilean Peso, Colombian Peso, Peruvian Sol, Russian Ruble and Indonesian Rupiah.

"As the leader in cleared OTC U.S. customer volume, clearing our first customer FX NDF trade adds to our already robust, multi-asset class OTC clearing service," said Laurent Paulhac, CME Group Managing Director, OTC Products & Services. "Clients see a lot of value in leveraging the same risk, operational and legal infrastructure across interest rate swaps, credit default swaps and foreign exchange. We continue to work with buy-side, sell-side and clearing member firms to further develop our overall OTC offering and FX has become a key priority for clients in the last few months."

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Source: CME Group


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).

On April 20, 2012, NI 25-101 came into force, establishing a regulatory framework for the oversight of credit rating organizations, by permitting them to apply for DRO status. This framework is consistent with international regimes applicable to credit rating agencies.

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Source: CSA


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).

BOX expects to start using its own exchange license in mid-May. Being an SRO eliminates the need for BOX to rely on Nasdaq OMX Group Inc., which has been conducting the regulatory oversight of its options market.

“After years of hard work, we are excited to act as our own SRO and no longer be regulated by a competitor,” said Tony McCormick, BOX CEO. “We are anticipating greater efficiencies, and the ability to directly file for new products and contracts that will enhance the experience for our customers.”

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Source: BOX Optons Exchange


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

US-Listed ETFs: Estimated Flows by Market Segment

ETFs generated net inflows of $7.2 bln last week; the third largest ETF net inflows YTD
Last week’s net inflows were primarily driven by US Equity ETFs ($5.8 bln in aggregate) where all segments were positive
ETF assets stand at $1.2 tln, up 14% YTD; ETFs have posted net inflows 14 out of 17 weeks YTD ($54.3 bln in net inflows)

13-week flows were mixed among asset classes; combined $25.8 bln net inflows
Fixed Income ETFs have consistently generated weekly net inflows (37 straight weeks of net inflows) and account for 52% of the ETF net inflows over the past 13 weeks
Over the past 13 weeks US Broad-Market and market capitalization ETFs have exhibited aggregate net outflows of $2.1 bln

US-Listed ETFs: Estimated Largest Flows by Individual ETF
SPDR S&P 500 ETF (SPY) generated net inflows of $3.3 bln last week, the most of any ETF
Market Vectors Gold Miners ETF (GDX) generated net inflows of $228 mln last week, continuing its recent streak of seven weeks of net inflows ($1.1 bln in aggregate); conversely, SPDR Gold Trust exhibited net outflows of $221 mln last week
The technology-heavy PowerShares QQQ (QQQ) has posted net outflows for four consecutive weeks ($2.3 bln in aggregate)

US-Listed ETFs: Short Interest
Data Updated: Based on data as of 4/13/12

SPDR S&P 500 ETF (SPY) posted the largest increase in USD short interest
Despite SPY’s sizeable increase in USD short interest, its short interest ratio (short interest divided by average daily traded volume) declined from 2.03 to 1.75 as SPY’s ADTV increased from 133 mln shares to 159 million shares
iShares Russell 2000 Index Fund (IWM) exhibited the largest decrease in USD short interest (lowest level since 1/31/11)

The average shares short/shares outstanding for ETFs is currently 5% SPDR Retail ETF (XRT) is the most heavily shorted ETF as a % of shares outstanding (375%); the fund has seen a rise in shares short in each of the last three periods reported
Based on multiple borrowings and the ability to continuously create new shares, shares short as a % of shares outstanding can exceed 100%

US-Listed ETFs: Most Successful Recent Launches by Assets
Source: Bloomberg, Morgan Stanley Smith Barney Research. Data estimated as of 4/27/12 based on daily change in share counts and daily NAVs.

$7.5 billion in total market cap of ETFs less than 1-year old
Over the past 13 weeks, newly launched Fixed Income ETFs generated most net inflows at $763 mln
94 new ETF listings and 17 closures YTD; 42 of the ETFs launched YTD were issued by iShares

Over the past year, many of the successful launches have an income/dividend orientation
Five different ETF sponsors and two asset classes represented in top 10 most successful launches; six of the 10 focus on fixed income securities
PIMCO Total Return ETF (BOND) continues to generate strong net inflows ($328 mln over past four weeks); notably, BOND accounts for 91% of newly launched Active ETF net inflows over the past 13 weeks
Top 10 most successful launches account for 57% of market cap of ETFs launched over the past year

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Source: Morgan Stanley


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.

This borrowing estimate is $19 billion lower than announced in January 2012. The decrease is primarily due to projections of lower outlays and higher issuances of State and Local Government securities, partially offset by lower receipts.

During the July-September 2012 quarter, Treasury expects to issue $265 billion in net marketable debt, assuming an end-of-September cash balance of $95 billion.

During the January - March 2012 quarter, Treasury issued $401 billion in net marketable debt, and ended the quarter with a cash balance of $43 billion. In January 2012, Treasury estimated $444 billion in net marketable borrowing and assumed an end-of-March cash balance of $30 billion. The higher cash balance and lower borrowing were driven primarily by lower-than-projected outlays and higher net issuances of State and Local Government Securities.

Additional financing details relating to Treasury’s Quarterly Refunding will be released at 9:00 a.m. on Wednesday, May 2, 2012.

view the Sources and Uses Reconciliation Table

Source: US Department of the Treasury


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.

This survey was undertaken jointly by the U.S. Department of the Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. The next survey will be for end-June 2012 and preliminary data are expected to be released by February 28, 2013.

Complementary surveys measuring U.S. holdings of foreign securities are also carried out annually. Data from the most recent survey, reporting on securities held at year-end 2011, are currently being processed. Preliminary results are expected to be reported by August 31, 2012.

Overall Results

The survey measured foreign portfolio holdings of U.S. securities as of June 30, 2011, to be $12,440 billion, with $3,830 billion held in U.S. equities, $7,731 billion in U.S. long-term debt securities1 (of which $1,140 billion are holdings of asset-backed securities (ABS) 2 and $6,591 billion are holdings of non-ABS securities), and $878 billion held in U.S. short-term debt securities. The previous survey, conducted as of June 30, 2010, measured total foreign portfolio holdings of U.S. securities at $10,691 billion, with holdings of $2,814 billion in U.S. equities, $6,921 billion in U.S. long-term debt securities, and $956 billion in U.S. short-term debt securities .

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view the Foreign Portfolio Holdings of U.S. Securities update

view the Major Foreign Holders of Treasury Securities, through end-February 2012 table

Source: US Department of the Treasury


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.

Rebounding capital markets and renewed company dividends at the end of the five-year period will support industry growth. For these reasons, industry research firm IBISWorld has added a report on the Open-End Investment Funds industry to its growing industry report collection.

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Source: IBIS World


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.

New rules and regulations should be a net positive for the ETF industry, according to Moody’s ETF Industry Overview report, which said that the harmonisation of product labelling and increased disclosure and reporting was a “necessary and logical next step”.

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Source: FT.com


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.

The ETFs being terminated (collectively, the "Terminated ETFs") are as follows:

Horizons BetaPro COMEX® Long Gold/Short Silver Spread ETF (HBZ)
Horizons BetaPro COMEX® Long Silver/Short Gold Spread ETF (HZB)

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Source: Horizons Exchange Traded Funds Inc.


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.

The new ticker symbol will be "KBT" and the new CUSIP number will be 50045T 10 8. There is no consolidation of capital.

Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.

Source: Standard & Poor's


SEC Filings


November 13, 2026 Dimensional Funds Trust files with the SEC-Dimensional US Core Equity Market Portfolio and Dimensional US Equity Market Portfolio
November 13, 2026 Volatility Shares Trust files with the SEC-2x Anthropic ETF
November 13, 2026 Exchange Listed Funds Trust files with the SEC-KICK CPU Index ETF and KICK Space Data Center & Infrastructure Index ETF
November 13, 2026 Advisors' Inner Circle Fund III files with the SEC-GQG Global Equity ETF
November 13, 2026 EA Series Trust files with the SEC-U.S. Equity Haven ETF

view SEC filings for the Past 7 Days


Europe ETF News


November 11, 2026 HANetf continues dramatic growth trajectory and surpasses $6 billion AUM, adding $1.25 billion in 3 months
November 10, 2026 DriveWealth Receives MiCA Authorization from the Bank of Lithuania to Provide Crypto-Asset Services Across the EU
November 10, 2026 Wedbush Fund Advisers and HANetf launch Dan IVES Wedbush AI Revolution UCITS ETF
November 06, 2026 New ETF and ETP Listings on November 6, 2026, on Deutsche Boerse
November 05, 2026 New ETF and ETP Listings on November 5, 2026, on Deutsche Boerse

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Asia ETF News


November 09, 2026 BOJ estimates $6bln annual gain from faster ETF sales, finance minister says
November 06, 2026 Samsung Securities Introduces Six Commodity-Linked ETNs Tracking Solactive Copper, Gold, and Silver Indices
November 03, 2026 Franklin Templeton SinoAm Launches FT Core Computing Power & AI Tech ETF Tracking the Solactive Core Computing Power & AI Tech Index
October 28, 2026 ChinaAMC and Franklin Templeton Sign Strategic MOU to Deepen Cross-Border Collaboration
October 23, 2026 HKEX Launches AI Index, Southern Asset Management Authorised to Launch ETF

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Global ETP News


November 12, 2026 Ranked: Government Debt by Country in 2026
October 29, 2026 Institutions and the Broader Economy Now Drive a Third of Blockchain Revenue
October 29, 2026 Tradeweb Reports Third Quarter 2026 Financial Results
October 27, 2026 Institutional Investors and Wealth Advisors Remain Bullish on Private Markets, With a Sharpened Focus on Liquidity: New Report From BBH Investor Services
October 23, 2026 The $128 Trillion Global Economy: Every Country's GDP Ranked

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Middle East ETP News


November 10, 2026 Mideast Stocks: Gulf bourses open higher as Trump holds off on Iran strikes
November 09, 2026 Mideast Stocks: Gulf stocks gain on Trump's signal against renewed Iran strikes
November 09, 2026 ADX adds to expanding ETF offering with planned cross-listing of GQG US Equity ETF
November 04, 2026 Exchange Traded Concepts Takes Client ETFs to the Abu Dhabi Securities Exchange
November 02, 2026 Mideast Stocks: Gulf markets mixed as investors monitor Iran-Qatar talks

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Africa ETF News


November 05, 2026 'Power, Protect, Purchase'-Africa Made It Unveils Blueprint To Capture Usd 34B In Gdp And Accelerate African Industrial Sovereignty
November 05, 2026 Africa: Ethiopia Becomes Africa's Fifth-Largest Economy After Rebasing GDP
October 19, 2026 OECD- Critical minerals in Africa-A regional overview

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ESG and Of Interest News


October 28, 2026 Fixed income investors focus on physical climate risk: IFR
October 20, 2026 Americans Worry They Can't Afford Health Care in Retirement, Allianz Life Study Finds
October 13, 2026 Global Economic Resilience Is Under Strain, Demanding Decisive Policy Action
October 13, 2026 Global Financial Markets Face Rising Risks From AI, Bond Yields, and Cyberattacks
October 12, 2026 Global Financial Stability Report-Resilience, Risk, and Transformation

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White Papers


October 13, 2026 IMF Working Paper Fiscal-monetary Interactions: The Role of Debt Maturity
October 12, 2026 IMF Working Paper-Fear and Shortages: Identifying Geopolitical Risk and Supply Disruptions in Energy Markets

view more white papers