Americas ETP News
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Yellen defends loose Fed policy, says job market still too weak
July 15, 2014--Federal Reserve Chair Janet Yellen said U.S. labor markets are far from healthy and signaled the Fed will keep monetary policy loose until hiring and wage data show the effects of the financial crisis are "completely gone."
Despite strong recent jobs reports and other signs of continuing recovery, Yellen emphasized in testimony to the Senate Banking Committee that she won't conclude the economy has recovered until wages start rising and discouraged workers return to the labor force.
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Source: Reuters
Dodd calls for one US prudential regulator
July 15, 2014--Chris Dodd, the former US senator responsible for the landmark Dodd-Frank financial reform bill, said the idea of paring down the number of banking regulators could come back to life now that the public had seen the complexity of having so many oversight agencies.
During the 2010 Dodd-Frank talks to overhaul the financial system after the 2008 financial crisis, Mr Dodd and other lawmakers complained about the fragmented, confusing US regulatory structure...
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Source: FT.com
Fed Eyes Banks' Commodity Activities
Some Say Companies Use Their Foothold in Market to Influence Supply Flows and Prices; Risk Also an Issue
July 14, 2014--The Federal Reserve took a small step toward developing potential new restrictions on bank's activities in physical-commodity markets such as aluminum and oil, but it stopped short of introducing new rules.
The Fed, which has been studying the issue for at least two years, said it wants to examine "all aspects" of bank-owned commodity businesses, including "potential conflicts of interest" at the banks and the risks that commodity subsidiaries might pose to financial stability.
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Source: Wall Street Journal
Global X Funds Announces Index And Name Changes For Two ETFs
Colombia and Norway Funds to Begin Tracking MSCI Indexes Tomorrow
July 14, 2014--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), announced that after the close of trading tomorrow the Global X FTSE Colombia 20 ETF (NYSE Arca: GXG) and the Global X FTSE Norway 30 ETF (NYSE Arca: NORW) will begin tracking MSCI Indexes.
GXG, with $115m[1] in assets under management, will be renamed the Global X MSCI Colombia ETF and track the MSCI All Colombia Capped Index.
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Source: CNN Money
Fed sees October end for monthly bond buying
July 9, 2014--Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession.
Minutes of the Fed's June 17-18 meeting released Wednesday showed officials were in basic agreement that the if the economy continues to improve, the final reduction in bond purchases would total a cut of $15 billion and would be announced at the Fed's Oct. 28-29 meeting.
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Source: 7 News
iShares Introduces Two Global ETFs
July 11, 2014--BlackRock's (BLK) iShares unit, the world's largest issuer of exchange traded funds, expanded its already sizable lineup of U.S.-listed ETFs with the introduction of two new funds that are plays on investment themes that have been prominent this year.
The iShares Currency Hedged MSCI EMU ETF (HEZU) is the issuer's newest addition to its currency hedged lineup.
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Source: etftrends.com
Canada's IIROC Publishes Guidance on Expansion of Circuit Breakers
July 11, 2014-In a move designed to continue to insulate the Canadian capital markets from any type of market structure snafu or problem, the nation's leading regulator is publishing extensive guidance on using single stock circuit breakers (SSCBs.)
The Investment Industry Regulatory Organization of Canada (IIROC) has published its Final Guidance report that expands the SSCB program in the nation's equity trading market.
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Source: Traders Magazine Online
CFTC.gov Commitments of Traders Reports Update
July 11, 2014--The current reports for the week of July 8, 2014 are now available.
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Source: CFTC.gov
First Bridge Data-US ETF Landscape: Mid-Year Report
July 10, 2014--US ETF Landscape: Mid-Year Report
US ETF assets grew to $1.86T, with 1612 ETPs listed in the US on June 30th.
This mid--year report looks at the year's 100 new launches, the best performers this year and the asset mix for the largest ETF sponsors.
Money Management Executive: Expert View In this article in MME, our founder examines the marketing & product development mindset that ETF sponsors need to grow their market share.
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Source:First Bridge Data
Chicago Fed Calls for Curbs on High-Frequency Trading
June 10, 2014--The Federal Reserve Bank of Chicago entered the debate over whether financial markets are fair, proposing limits on high-frequency trading firms and incentives to bring more buying and selling into public view.
Recommendations in a working paper published yesterday include breaking up the trading session into a series of half-second periods, a snail's pace in an era of microsecond trading.
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Source: Bloomberg
