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US Treasury yields approach 60-year low
September 6, 2011--The yield on benchmark US Treasury 10-year notes approached the lowest level for six decades as bond traders grew increasingly confident that slumping equities and the eurozone debt crisis would compel the Federal Reserve to enact a new programme of bond purchases later this month.
The yield on 10-year notes touched 1.91 per cent on Tuesday, just above the low of 1.9 per cent set in 1950 according to Barclays’ Equity Gilt study.
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Source: FT.com
SNB stuns market with franc action
September 6, 2011--The Swiss National Bank stunned financial markets on Tuesday by setting a ceiling for the Swiss franc against the euro in an attempt to prevent the strength of its currency from pushing its economy into recession.
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The central bank said it would set a minimum exchange rate of SFr1.20 against the euro. The SNB action came after previous measures to weaken its currency proved ineffective as the worsening eurozone crisis prompted a flight to safety by investors, boosting haven demand for the franc and sending it up to record levels.
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Source: SEC.gov
Nuveen files with the SEC
September 2, 2011--Nuveen has filed a Form S-1 Registration statement with the SEC for the Nuveen Long/Short Commodity Total Return Fund.
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Source: SEC.gov
CME Group Volume Averaged All-Time Record 17.1 Million Contracts per Day in August 2011, Up 46 Percent from August 2010
Record metals volume up 131 percent
Interest rate volume up 47 percent
Equity index volume up 83 percent
Foreign exchange volume up 21 percent
September 2, 2011--CME Group, the world's leading and most diverse derivatives marketplace, today announced August volume averaged an all-time record 17.1 million contracts per day, up 46 percent from August 2010, and up 35 percent sequentially.
Total volume for August was 393 million contracts, of which 84 percent was traded electronically. August 2011 month-end open interest reached 100 million contracts, up 7 percent from the same period last year.
"While customers rely on liquidity during all market conditions, it becomes increasingly crucial during times of high market volatility," said CME Group Executive Chairman Terry Duffy. "The market turbulence in August reinforced the need for deep liquidity across time zones, allowing for the decisive action necessary to manage risk in an uncertain environment."
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Source: CME Group
PowerShares files with the SEC
September 2, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares Fundamental Investment Grade Corporate Bond Portfolio.
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Source: SEC.gov
iShares files with the SEC
September 2, 2011--iShares has filed a pre-effective amendment no. 4 to Form S-1 registration statement with the SEC for the iShares® Copper Trust.
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Source: SEC.gov
Van Eck files with the SEC
September 2, 2011--Van Eck has filed a post-effecrive amendment, registration statement with the SEC for the Market Vectors Indonesia Small-Cap ETF.
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Source: SEC.gov
SEC Approves CBOE Holdings' Proposal To Trade SPXpm
New S&P 500 Index Option Product To Launch on C2, the Company's All-Electronic Exchange
September 2, 2011--CBOE Holdings, Inc. (NASDAQ: CBOE) announced today that the Securities and
Exchange Commission (SEC) has approved its rule filing to launch, on a pilot basis, SPXpm, its proposed new S&P 500 Index option product.
SPXpm will be traded on the C2 Options Exchange (C2), the Company's all-electronic exchange.
C2's SPXpm product will be a cash-settled index option based on the S&P 500 Index, the premier benchmark of the broader U.S. market. SPXpm is almost identical in structure to the Chicago Board Options Exchange's (CBOE) flagship S&P 500 SPX contract, the most-actively traded U.S. index option product, except, as the SPXpm name implies, it has a "p.m." settlement.
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Source: CBOE
U.S. Regulators Seek High-Frequency Trading Secrets
September 2, 2011-U.S. securities regulators have taken the unprecedented step of asking high-frequency trading firms to hand over the details of their trading strategies, and in some cases, their secret computer codes.
The requests for proprietary code and algorithm parameters by the Financial Industry Regulatory Authority (FINRA), a Wall Street brokerage regulator, are part of investigations into suspicious market activity, said Tom Gira, executive vice president of FINRA's market regulation unit.
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Source: Reuters
Goldman files with the SEC
September 2, 2011-- Goldman Sachs has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
