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CFTC to Hold Open Meeting to Consider Two Final Rules and Two Proposals
November 28, 2011--The Commodity Futures Trading Commission (CFTC) will hold a public meeting on Monday, December 5, 2011, at 9:30 a.m., on the following topics:
(1) Final Rule on Investment of Customer Funds and Funds Held in an Account for Foreign Futures and Options Transactions;
(2) Further Notice of Proposed Rulemaking on Process for Making a Swap Available to Trade under Section 2(h)(8) of the Commodity Exchange Act
(3) Final Rule on Registration of Foreign Boards of Trade
(4) Proposed Interpretation for Retail Commodity Transactions under Commodity Exchange Act Section 2(c)(2)(D)
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Source: CFTC.gov
ETF Securities USA files with the SEC
November 28, 2011--ETF Securities USA has filed a pre-effective amendment no. 6 to Form S-1 with the SEC for the ETFS Collateralized Commodities Trust.
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Source: SEC.gov
State Street files with the SEC
November 28, 2011--State Street has filed a post-effective amendment no. 19 to Form S-6 with the SEC for the SPDR S&P MIDCAP 400 ETF TRUST.
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Source: SEC.gov
Precidian files with the SEC
November 28, 2011--Precidian has filed an application for exemptive relief with the SEC.
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Source: SEC.gov
First Trust files with the SEC
November 28, 2011--First Trust has filed a post-effective amendment, registration statement with the SEC.
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Source: SEC.gov
U.S. Company Credit Risk Rises to 7-Week High on Europe Crisis
November 25, 2011--A benchmark gauge of U.S. company credit risk is poised to rise for the fourth week as Italy’s borrowing costs surged, fueling concern that Europe’s fiscal crisis is intensifying. The cost to protect Bank of America Corp. debt increased to a record.
The Markit CDX North America Investment Grade Index of credit default swaps, which investors use to hedge against losses on corporate debt or to speculate on creditworthiness, rose 1.7 basis points to a mid-price of 147.6 basis points at 1:19 p.m. in New York, according to Markit Group Ltd.
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Source: Bloomberg BusinessWeek
Direxion files with the SEC
August 23, 2011--Direxion Has filed a post-effective amendment, registration statement with the SEC.
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Source: SEC.gov
Eurozone private sector activity contracts again: survey
November 23, 2011--Eurozone private sector activity retreated for the third month running in November as businesses worry about the impact of the debt crisis on the economy, a closely-watched survey showed on Wednesday.
Output growth in Germany, Europe's top economy, remained close to stagnation while in France it fell for the second month running, according to the Purchasing Managers Index (PMI) compiled by Markit research firm.
"Companies are clearly shaken by the debt crisis and its growing impact on the real economy, both in Europe and further afield," said Markit chief economist Chris Williamson.
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Source: EUbusiness
Legg Mason files with the SEC
November 23, 2011--Leggs Mason has filed a registration statement with the SEC for the Legg Mason Western Asset Ultra-Short Duration ETF.
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Source: SEC.gov
Fed to test six big U.S. banks for Euro stress
November 22, 2011--The U.S. Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis, as part of an annual review of bank health.
The Fed said it will publish next year the results of the tests for six banks that have large trading operations: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.
"They are clearly worried about the issue of Europe," said Nancy Bush, a longtime bank analyst and contributing editor at SNL Financial. "In a time of risk aversion and concern, you need transparency."
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Source: Reuters
