Americas ETP News
If your looking for specific news, using the search function will narrow down the results
Bipartisan Budget Act of 2013
December 11, 2013--The legislation, offered as an amendment to H.J. Res. 59, the Continuing Appropriations Resolution, 2014, would revise the limits on discretionary appropriations for fiscal years 2014 and 2015, allowing for higher levels of funding in those years than is allowed under the caps and budget enforcement procedures in current law.
CBO estimates that, if appropriations for 2014 and 2015 equaled the revised limits, discretionary outlays would be roughly $62 billion higher over the 2014-2023 period than if appropriations for those years equaled the limits in current law. (Nearly $48 billion of the anticipated increase in discretionary outlays would occur in 2014 and 2015.)
view the Bipartisan Budget Act of 2013
Source: Congressional Budget Office (CBO)
CFTC.gov Swaps Report Update
December 11, 2013--CFTC's Weekly Swaps Report has been updated, and is now available.
The proposed version of the Swaps Report provides a detailed weekly snapshot of the notional outstanding (on both a gross and net basis) as of the previous Friday, as well as a detailed weekly total of the transaction volume (on both a ticket volume and dollar volume basis) ending the previous Friday, in four asset classes (interest rate swaps, credit default swaps, equity swaps, and other commodity swaps).
view updates
Source: CFTC.gov
UBS Launches Exchange-Traded Note with Significant Monthly Income Potential and 2x Leveraged Exposure to a Closed-End Fund Index
ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN
December 11, 2013--UBS Investment Bank announced that today is the first day of trading on the NYSE Arca(R) for the ETRACS Monthly Pay 2xLeveraged Closed-End Fund ETN (NYSE:CEFL).
CEFL is linked to the monthly compounded 2x leveraged performance of the ISE High Income(TM) Index (the "Index"), reduced by investor fees.
view more
Source: UBS
ROBO-STOX(TM) Global Robotics and Automation ETF Surpasses $25 Million In Assets Under Management
ETF Tracking the Robotics/Automation Industry's First Benchmark Index Achieves Major Asset Milestone Following First Month of Trading
December 11, 2013-- ROBO-STOX LLC, the world leader in developing investment solutions targeting the robotics and automation space, has announced that the ROBO-STOX(TM) Global Robotics and Automation Index ETF (ROBO) amassed more than $25 million in assets under management as of November 30, 2013.
The Fund became available to investors on NASDAQ through the Exchange-Traded Concepts platform on October 22, 2013.
"The rapid accumulation of assets in our exchange-traded fund provides evidence of the overwhelming interest from investors in the worldwide robotics and automation sector," said Rob Wilson, Chief Executive Officer of ROBO-STOX.
view more
Source: ROBO-STOX LLC
Nasdaq plans "dark pool" for U.S. Treasuries
December 10, 2013--Nasdaq OMX Group plans to create a so-called dark pool for electronic U.S. Treasuries trading where buying and selling interest is not revealed, even on a post,trade basis, the company's chief executive officer said on Tuesday.
Nasdaq, which runs the No. 2 U.S. equities exchange, closed its $750 million acquisition of eSpeed, an electronic Treasuries-trading platform formerly run by BGC Partners Inc, in July.
view more
Source: Reuters
Agencies Issue Final Rules Implementing the Volcker Rule
December 10, 2013--Five federal agencies on Tuesday issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Volcker Rule").
The final rules prohibit insured depository institutions and companies affiliated with insured depository institutions ("banking entities") from engaging in short-term proprietary trading of certain securities, derivatives, commodity futures and options on these instruments, for their own account.
The final rules also impose limits on banking entities' investments in, and other relationships with, hedge funds or private equity funds.
Like the Dodd-Frank Act, the final rules provide exemptions for certain activities, including market making, underwriting, hedging, trading in government obligations, insurance company activities, and organizing and offering hedge funds or private equity funds. The final rules also clarify that certain activities are not prohibited, including acting as agent, broker, or custodian.
view the final rules
Source: FRB
ISE Receives "Best Risk Management Initiative" Award
December 10, 2013--International Securities Exchange (ISE) announced today that it received the "Best Risk Management Initiative" Award at the 2013 American Financial Technology Awards (AFTAs), hosted by Waters Technology.
Winners were determined by a panel of independent industry judges and Waters editorial staff.
Daniel Friel, Chief Information Officer of ISE said, "On behalf of the Technology Division at ISE, we are truly honored to receive this award for the Best Risk Management Initiative for 2013. Risk management is an important focus of our technology roadmap. We work hard to continually enhance the risk management functionality available to our member firms through our PrecISE(R) front-end execution and order management system and through our T7(TM) trading platform so that they have the utmost confidence when sending orders and quotes to ISE and ISE Gemini."
view more
Source: International Securities Exchange (ISE)
BNY Mellon ADR Index Monthly Performance-November 2013
December 10, 2013----The BNY Mellon ADR Index Monthly Performance-November 2013 Update has been published and is now available for review.
view update
Source: BNY Mellon
Market Vectors Announces the Launch of New Emerging Markets Aggregate Bond ETF (EMAG)
Fund launch completes the conversion of the Market Vectors LatAm Aggregate Bond ETF (BONO) into the more broadly diversified EMAG
December 10, 2013--Market Vectors ETFs today announced the launch of its newest ETF, Market Vectors(R) Emerging Markets Aggregate Bond ETF (NYSE Arca: EMAG), completing the conversion announced in October of the Market Vectors(R) LatAm Aggregate Bond ETF (NYSE Arca: BONO) into this new fund.
EMAG seeks to track, before fees and expenses, the price and yield performance of the Market Vectors(R) EM Aggregate Bond Index (MVEMAG), which includes the four major categories of emerging markets bonds: 1) U.S. dollar and Euro denominated sovereigns; 2) local currency sovereigns; 3) U.S. dollar and Euro denominated corporates; and, 4) local currency corporates.
view more
Source: Van Eck Securities
Millions of hidden share trades to be revealed
December 9, 2013-Millions of previously hidden US stock trades were revealed for the first time on Monday 9 December thanks to research from a team of academics.
Previously odd lots, which are trades of less than 100 shares, have not been revealed on the publicly available 'consolidated tape', with only big investment banks and sophisticated computer-powered high-frequency traders paying to see them from individual exchanges. It was thought they were used only by small retail investors and so were not important.
view more
Source: Warwick Business School
