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"Heart of the Matter: Resources"
Statement of CFTC Commissioner Bart Chilton on the Administrations FY 2013 Budget
February 13, 2012--I support the President's budget request for Fiscal Year 2013. It goes to the heart of the matter by proposing funding to ensure we have the rudimentary resources to do our job.
When Congress passed the Dodd/Frank Act, it gave our Agency urgently needed authorities to police financial markets in the wake of the 2008 Wall Street collapse. That’s a good thing. But, policing can’t happen without putting more cops on the beat and getting technology up to full speed to oversee a marketplace whose speed and breadth are enormous.
We will move from regulating $5 trillion in trading to hundreds of trillions. To do that, in total, we will have finalized dozens of rules when that process is complete this year. And, all of that occurs at a time when the agency has anywhere from 750 to 1,000 enforcement investigations going on at any one time.
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Source: CFTC.gov
RBC targets ETF market after late start
February 11, 2012--Royal Bank of Canada expects to become a powerhouse in the burgeoning exchange-traded fund market despite its late entry as it moves to harness its reach as Canada's largest bank to target investors hungry for lowfee funds.
Cary Blake, vicepresident and head of ETF at the bank's RBC Global Asset Management unit, said a four-month-old suite of eight fixed-income ETFs
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Source: Ottawa Citizen
CFTC.gov Commitments of Traders Reports Update
February 10, 2012--The current reports for the week of February 7, 2012 are now available.
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Source: CFTC.gov
iShares files with the SEC
February 10, 2012--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Barclays GNMA Bond Fund.
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Source: iShares
ETF price war intensifies with new launches
February 10, 2012--A third example of increased price competition from iShares is provided by the launch of SLVP which is based on the MSCI global silver miners index.
SLVP carries a total expense ratio of 39bps and it undercuts SIL, the silver miners ETF run by Global X
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Source: FT.com
iShares files with the SEC-iShares Global ex USD High Yield Corporate Bond Fund
February 10, 2012--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Global ex USD High Yield Corporate Bond Fund.
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Source: SEC.gov
iShares files with the SEC-iShares Global High Yield Corporate Bond Fund
February 10, 2012--iShares has filed a post-effective amendment, registration statement with the SEC for the iShares Global High Yield Corporate Bond Fund.
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Source: SEC.gov
Global X files with the SEC
February 10, 2012--Global X has filed a post-efective amendment, registration statement with the SEC for the
Global X SuperIncome ETF
Global X SuperIncome Preferred ETF and
Global X SuperIncome REIT ETF
view filing
Source: SEC.gov
ProShares files with the SEC
February 10, 2012--ProShares has filed a post-effective amendment, regfistration statement with the SEC for ProShares German Sovereign / Sub-Sovereign Debt ETF.
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Source: SEC.gov
CME to Extend Corporate Debt Collateral to Rate Swaps Next Month
February 10, 2012--CME Group Inc., owner of the world's largest futures market, will extend the use of corporate debt it accepts as collateral to interest-rate swaps beginning March 12.
While the Chicago-based company’s clearinghouse already accepts corporate bonds to back futures trades, it will now allow users to post as much as $3 billion in bonds to back rate swaps, said a notice sent to customers yesterday. The bonds will need at least an A rating from a nationally recognized statistical rating organization and be denominated in dollars, among other requirements, CME Group said on its website.
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Source: Bloomberg Business Week
