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iShares files with the SEC
December 7, 2011--iShares has filed a Form S-1 with the SEC for the iShares® Dow Jones-UBS Roll Select Commodity Index Trust.
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Source: SEC.gov
State Street files with the SEC
December 7, 2011--State Street has filed a post-effective amendment no.38, regsistration statement with the SEC for the SPDR MSCI EM 50 ETF.
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Source: SEC.gov
State Street files with the SEC
December 7, 2011--State Street has filed a post-effective amendment No. 78, registration statement with the SEC for the SPDR® Barclays Capital Global Convertible Securities ETF (GCWB).
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Source: SEC.gov
State Street files with the SEC
December 7, 2011--State Street has filed a post-effective amendment, registration statement for the SPDR® Barclays Capital Breakeven Inflation ETF.
view filing
Source: SEC.gov
BM&FBOVESPA announces November 2011 market performance
December 7, 2011--BM&FBOVESPA announced November 2011 market performance. ETFs, securities lending, agribusiness securities, agribusiness commodity futures, and options on agribusiness commodity futures are the November highlights.
Record number of trades and financial volumes for ETFs: The financial volume registered in November by the eight BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 1.45 billion in a record 86,037 trades, from BRL 1.37 billion and 72,352 the previous month. In November the ETF with the highest financial volume was BOVA11 with BRL 1.37 billion and 82,402 transactions.
Record securities lending volume at BRL 67.3 billion: In November, the total number of securities lending transactions reached 122,983, compared to 121,132 in October. Financial volume was a record BRL 67.30 billion in November from BRL 64.64 billion the previous month.
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Source:- BM&FBOVESPA
BM&FBOVESPA announces November 2011 market performance
December 7, 2011--BM&FBOVESPA announced November 2011 market performance. ETFs, securities lending, agribusiness securities, agribusiness commodity futures, and options on agribusiness commodity futures are the November highlights.
Record number of trades and financial volumes for ETFs: The financial volume registered in November by the eight BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 1.45 billion in a record 86,037 trades, from BRL 1.37 billion and 72,352 the previous month. In November the ETF with the highest financial volume was BOVA11 with BRL 1.37 billion and 82,402 transactions.
Record securities lending volume at BRL 67.3 billion: In November, the total number of securities lending transactions reached 122,983, compared to 121,132 in October. Financial volume was a record BRL 67.30 billion in November from BRL 64.64 billion the previous month.
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Source: BM&FBOVESPA
Global X Funds Launches ETFs Linked To The New NASDAQ 400 And NASDAQ 500 Indexes
ETF provider partners with NASDAQ OMX to bring products to market
December 6, 2011 – Global X Funds, the New York based provider of exchange traded funds, today launched two new funds: the Global X NASDAQ 500 ETF (Ticker: QQQV) and the Global X NASDAQ 400 Mid Cap ETF (Ticker: QQQM). These are the first products linked to the new benchmark indexes on The NASDAQ Stock Market® (NASDAQ).
The Global X NASDAQ 500 ETF (Ticker: QQQV) and the Global X NASDAQ 400 Mid Cap ETF (Ticker: QQQM) track the NASDAQ 500 Index and the NASDAQ 400 Index, respectively.
The NASDAQ 500 Index measures the performance of 500 of the largest domestic and international non-financial securities listed on NASDAQ based on market capitalization. The NASDAQ 400 Index measures the performance of the top 400 mid-capitalization domestic and international non-financial securities listed on NASDAQ. Over the past 5+ years, companies in both indexes have demonstrated strong earnings growth and are maturing into profitable companies; earnings growth has been outpacing revenue growth over this time period*. Between November 2001 and November 2011 the financial sector lost -34.21% of its value, and during the same period technology stocks gained 37.82% and industrials 16.85%, based on the longstanding NASDAQ sector indexes, the NASDAQ Computer and NASDAQ Industrial respectively. From January 1 to September 30, 2011, the NASDAQ 500 and 400 indexes outperformed the S&P 500 and 400 indexes by more than 3% with similar volatility*.
“We are pleased to be pairing with NASDAQ OMX, a recognized leader in the development of innovative indices, to bring these products to market,” said Bruno del Ama, CEO of Global X Funds. “Both new funds expand the coverage beyond the NASDAQ 100 Index®, providing greater diversification and possibly capturing the next Apple or Google.”
“NASDAQ OMX is delighted to license the use of our indexes as benchmarks for the Global X Funds,” said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. “NASDAQ OMX and Global X Funds share a common goal to provide investors with the chance to access some of the world’s most innovative companies and these new indexes and ETFs are the latest examples of that commitment.”
Source: Global X
ISE Introduces ISE SPY Bear Option Overlay Index and ISE SPY Bull Option Overlay Index
December 5, 2011--The International Securities Exchange (ISE) has created the ISE SPY Bear Option Overlay Index (symbol: VCS) and ISE SPY Bull Option Overlay Index (symbol: VPS), two innovative new indexes that track the performance of a diversified portfolio of vertical call or put spread strategies* based on the SPDR® S&P 500® ETF (symbol: SPY). The indexes provide leveraged directional exposure to the underlying ETF and give investors the ability to track two popular trading strategies on the most actively traded ETF.
“The ISE SPY Bear Option Overlay Index and ISE SPY Bull Option Overlay Index are the first indexes of their kind, allowing investors a simplified way of tracking vertical spread strategies,” said Kris Monaco, Head of New Product Development at ISE. “Although we have introduced these indexes based on the popular SPY ETF, the methodology we have developed is portable, and can be applied to many other underlying ETFs, stocks, or even indexes. Once VCS and VPS are implemented as ETFs, they will provide a flexible way to trade popular strategies with controlled directional exposure and in a cost efficient manner.”
The indexes are live and distributed via the Options Price Reporting Authority (OPRA) to major market data vendors. Real-time prices and historical data are available via Bloomberg (symbols: VCS and VPS).
To learn more about the ISE SPY Bear Option Overlay Index and the ISE SPY Bull Option Overlay Index, please visit www.ise.com/index.
Source: International Securities Exchange (ISE)
ISE Introduces Quoting in Its Complex Order Book
First Continually Quoted Complex Order Book in the US Options Industry
December 5, 2011--The International Securities Exchange (ISE) has enhanced its complex order
book to enable market makers to provide two-sided quotes for complex, or multi-legged, instruments.
This capability was developed as part of ISE’s implementation of the Optimise™ trading architecture and successfully launched on December 1.
ISE’s complex order book can accommodate multi-legged instruments with up to eight options legs along with a stock component. As a result of this latest enhancement, ISE market makers have more flexibility and control over the liquidity they provide in the complex order book.
“ISE’s new quoting capability for complex instruments is a first for the US options industry,” said Boris Ilyevsky, Managing Director of ISE’s Options Exchange. “By introducing this functionality, we hope to encourage greater liquidity and better executions in our complex order book to support the growth of this rapidly growing segment of the options market.”
ISE has initially rolled out quoting functionality to three options. Within the complex order book, ISE market makers can enter a complex quote in any symbol activated for complex quoting, regardless of their symbol appointments in ISE’s regular market. Furthermore, complex quotes only trade with other complex orders and do not interact with individual legs on the regular order book. ISE will disseminate the aggregated size and price for complex quotes over the ISE Spread Book data feed.
For more information about ISE’s complex order book, contact ISE Business Development at bizdev@ise.com.
Source: International Securities Exchange (ISE)
Opening Statement Before the Sixth Open Meeting to Consider Final Rules Pursuant to the Dodd-Frank Act--Commissioner Jill E. Sommers
December 5, 2011--Thank you Mr. Chairman. I too would like to welcome Commissioner Wetjen to his first CFTC Dodd-Frank open meeting. And, as always, I thank the teams who have worked so diligently on the two final rules and the proposal we are considering today. The longs hours you have committed to the documents before us today are very much appreciated.
Today we are considering the final rule creating a registration system for Foreign Boards of Trade (FBOTs) that make their products available to U.S. customers by providing them with direct access to their electronic trading system. This rule will replace the existing process of staff-issued no action relief letters. The CFTC has a long history of recognizing regimes with comparable regulatory objectives. Currently we have over 20 Foreign Boards of Trade operating under no-action relief. It is very important to me for us to retain the type of regulatory cooperation we have with other jurisdictions. I believe that global markets benefit from international support and collaboration among supervisors. It is my hope that under this new registration regime, the CFTC will continue to be a global leader in recognizing and granting access to FBOT’s with comprehensive and comparable oversight from their home country regulator.
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Source: CFTC.gov
