Americas ETP News
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Bats will offer to pay for companies to list ETFs
October 1, 2015--BATS Global Market Holdings Inc said on Thursday it would pay exchange-traded product issuers to list their products on its exchange as it attempts to become the No. 1 U.S. listing venue for the popular securities.
The exchange operator told Reuters in March that it aimed to become the largest listing venue for ETPs such as exchange-traded funds and exchange-traded notes, within three to five years.
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Source: Reuters
OFR-Working Papers-Measuring the Unmeasurable: An Application of Uncertainty Quantification to Financial Portfolios
October 1, 2015--Uncertainty is a crucial factor in financial stability, but it is notoriously difficult to measure. This working paper extends techniques from engineering to quantify,fundamental economic uncertainty, and applies the method to an example of portfolio stress testing.
By this measure, uncertainty peaked in late 2008.
view the Measuring the Unmeasurable: An Application of Uncertainty Quantification to Financial Portfolios
Source: Office of Financial Research
CBOE Holdings Reports September 2015 Trading Volume
October 1, 2015--CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that total trading volume in September for options contracts on Chicago Board Options Exchange(R) (CBOE(R)) and C2 Options Exchange (C2) and futures contracts on
Chicago Board Options Exchange(R)(CBOE(R)) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE(R)) was 104.0 million contracts, a decrease of 5 percent from September 2014 and 17 percent from August 2015.
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Source: CBOE
BATS Global Markets Launches the BATS ETF Marketplace, Redefining the ETF Industry with Innovative Benefits for Issuers, Market Makers, Investors
BATS,the #1 Market for ETP Trading on Exchange with 45% Market Share", Unveils Incentive Programs
October 1, 2015--BATS Global Markets (BATS), the #1 U.S. market for the trading of exchange-traded products (ETPs), today unveiled the BATS ETF Marketplace, a market specifically structured and designed for ETF issuers and their investors.
The unveiling of the BATS ETF Marketplace-ETFMarketplace.com- underscores the company's complete and unique commitment to the listing and trading of exchange-traded products. With this initiative, BATS introduces the BATS ETF Issuer Incentive program and the BATS Lead Market Maker program.
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Source: BATS Global Markets, Inc.
Dow Jones Industrial Average Q3 2015 Performance Report Card
October 1, 2015-The Dow Jones Industrial Average ended September at 16,284.70-down 1,538.37 points year to date for a -8.63% return. Q3 2015 was the worst calendar quarter since Q3 2011.
Leader & Laggard-Nike (NKE) was the biggest contributor during Q3; Goldman Sachs (GS) was the biggest detractor.
Industry Performance-the Consumer Goods industry was the best (and, frankly, only) contributor during the period; Industrials the worst.
Worst Day (In Points & Percent)-down 588.40 points or -3.57% -on August 24th. While bad-the worst 1 day loss since August 2011-it could have been worse: the DJIA was down over 1,000 points in early trading before recovering.
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Source: S&P Dow Jones Indices LLC
CFTC Orders Deutsche Bank AG to Pay a $2.5 Million Civil Monetary Penalty for Swaps Reporting Violations and Related Supervision Failures
September 30, 2015--The U.S. Commodity Futures Trading Commission (CFTC) issued an Order filing and simultaneously settling charges against Deutsche Bank AG, a global banking and financial services company and provisionally registered Swap Dealer, for failing to properly
report its swaps transactions from in or about January 2013 until July 2015.
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Source: CFTC.gov
Index in works to hedge exposure to Fannie, Freddie bonds
September 30, 2015--Vista Capital Advisors plans to offer an index for hedging the credit risk transfer bonds of Fannie Mae and Freddie Mac.
"We hope to have a cash index established this year," said Dick MacWilliams, a co-founder of Vista.
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Source: SmartBrief
Fee Rate Advisory #2 for Fiscal Year 2016
September 30, 2015-- When fiscal year 2016 starts on October 1, 2015, the Securities and Exchange Commission does not expect to have received a regular appropriation for FY 2016.
Accordingly, the fees paid under Section 31 of the Securities Exchange Act will remain at their current rate until 60 days after the enactment of a regular appropriation for the SEC.
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Source: SEC.gov
DOL deputy assistant secretary expects revisions to fiduciary rule
September 29, 2015--A record amount of feedback on the Department of Labor's proposed conflict-of=interest rule will be reflected in the final version, said Timothy Hauser, deputy assistant secretary of labor for program operations, at the National Press Club on Tuesday.
Addressing an Investment Management Consultants Association gathering, Mr. Hauser said, "I have little doubt that the rule is going to change."
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Source: Pensions & Investments
Goldman Sachs Asset Management Launches First ActiveBeta(R)Exchange-Traded Fund
ETF Series to Track Factor-Driven Index-Representing a Next Generation of ETF Investing
September 29, 2015--On October 21, 2015, Goldman Sachs Asset Management ("GSAM") announced the launch of its first exchange-traded fund ("ETF"), the ActiveBeta(R)US Large Cap Equity ETF (ticker:GSLC).
The fund is the first in a series of ETFs that will track GSAM's proprietary ActiveBeta® index
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Source: MarketWatch
