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ELX Announces Strong Second Quarter - Sets Multiple Volume Records - Celebrates Second-Year Anniversary
July 6, 2011--ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today strong second-quarter results and multiple volume records in its U.S. Treasuries and Eurodollar futures contracts.
ELX traded 5M contracts in the second quarter and celebrates its second-year anniversary as an electronics futures exchange on July 10.
Highlights:
During the second quarter, ELX set single-day volume records in total exchange volume (148K on May 6, 2011), combined US Treasury futures (120K on May 6, 2011), the 5-year note (44K on May 6, 2011), and the 30-year bond (28K on June 9, 2011).
The 30-year bond and the 5-year note established quarterly average daily volume (ADV) records of 20.4K and 15.3K respectively
The 30-year bond also set a quarterly market share record at 4%.
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Source: ELX
Federal Reserve And FTC Issue Final Rules To Implement The Credit Score Disclosure Requirements Of The Dodd-Frank Act
July 6, 2011--The Federal Reserve Board (Board) and the Federal Trade Commission (FTC) on Wednesday issued final rules to implement the credit score disclosure requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act. If a credit score is used in setting material terms of credit or in taking adverse action, the statute requires creditors to disclose credit scores and related information to consumers in notices under the Fair Credit Reporting Act (FCRA).
The final rules amend Regulation V (Fair Credit Reporting) to revise the content requirements for risk-based pricing notices, and to add related model forms that reflect the new credit score disclosure requirements. The Board is issuing these final rules jointly with the FTC.
The rules under Regulations V and B are effective 30 days after the date of publication in the Federal Register, which is expected soon.
view the Fair Credit Reporting Risk-Based Pricing Regulations
ISE Announces the Launch of the First Trust ISE Cloud Computing Index Fund
July 6, 2011--The International Securities Exchange (ISE) today announced that First Trust Advisors L.P. has launched the First Trust ISE Cloud Computing Index Fund (Ticker: SKYY), the first ETF that tracks companies actively involved in the emerging cloud computing industry. The First Trust ISE Cloud Computing Index Fund is based on the ISE Cloud Computing™ Index (CPQ), a new benchmark for this growth sector that includes companies that are direct service providers for the “cloud,” firms that provide goods and services in support of the cloud computing space, and technology conglomerates whose business model uses or supports cloud computing technology. SKYY began trading today on The NASDAQ Stock Market®.
“The ISE Cloud Computing Index reflects the evolution of technology infrastructure and provides new and dynamic opportunities for investors,” said Kris Monaco, Head of New Product Development at ISE. “We are very pleased to partner again with First Trust to launch this unique exchange-traded fund focused on this rapidly expanding industry.”
“Cloud computing is projected to be one of the fastest growing IT markets this year, according to IDC Research,” said Ryan Issakainen, Vice President, ETF Strategist. “As businesses and consumers continue to migrate to a cloud environment, we believe there are significant growth opportunities for the companies involved in all aspects of cloud computing. The ETF provides a way to gain diversified exposure to those companies. Forrester Research is projecting total public cloud revenues to go up 27% annually to reach nearly $160 billion by 2020, up from $15 billion in 2010.”
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Source: International Securities Exchange (ISE)
BNP Paribas files with the SEC
July 6, 2011--BNP Paribas has filed a Pre-effective amendment No.1 to
Form S-1 Registration Statement with the SEC for the BNP Paribas S&P Dynamic Roll Global Commodities Fund.
view filing
Source: SEC.gov
Van Eck files with the SEC
July 6, 2011--Van Eck has filed a post-effective amendment, registration statement with the SEC for the Market Vectors China Private Company ETF.
view filing
Source: SEC.gov
BNY Mellon ADR Index Monthly Performance Review is Now Available
July 6, 2011--The BNY Mellon ADR Index Monthly Performance Review is now available.
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Source: BNY Mellon
NSX Releases June 2011 ETF Data Reports
Year-to-Date Net Cash Inflows Post Record Levels
July 5, 2011--Highlights from the June 2011 reports include:
Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) totaled approximately $1.098 trillion at June 2011 month-end, an increase of over 39% in comparison to June 2010 month-end when assets totaled almost $788 billion.
ETFs/ETNs posted net cash inflows of approximately $8.3 billion for the month of June.
Year-to-date 2011 net cash inflows posted a record of $58.6 billion, an increase of approximately 47% over the same time period in 2010 when net cash inflows reached $39.9 billion.
ETF/ETN notional trading volume during June 2011 totaled approximately $1.7 trillion, representing almost 31% of all U.S. equity trading volume.
At the end of June 2011, the number of listed products totaled 1288 compared to 1009 listed products at the same time last year.
visit http://www.nsx.com/content/etf-assets-list to view report
Source: NSX
Component Changes Made To Dow Jones Spain Titans 30 Index
July 5, 2011--Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones Spain Titans 30 Index.
Iberdrola Renovables S.A. (Spain, Utilities, IBR.MC) will be deleted from the Dow Jones Spain Titans 30 Index and replaced by Ebro Foods S.A. (Spain, Food & Beverage, EBRO.MC). Iberdrola Renovables S.A.is being removed due to its acquisition by Iberdrola S.A. (Spain, Utilities, IBE.MC).
The changes in the Dow Jones Spain Titans 30 Index will be effective as of the open of trading on Friday, July 8, 2011.
Further information on the Dow Jones Spain Titans 30 Index can be found at www.djindexes.com
Source: Dow Jones Indexes
CME Group Volume Averaged 14.9 Million Contracts per Day in June 2011, Up 22 Percent From June 2010
July 5, 2011---- CME Group, the world's leading and most diverse derivatives marketplace, today announced June volume averaged 14.9 million contracts per day, up 22 percent from June 2010.
Total volume for June was 327 million contracts, of which a record 85 percent was traded electronically. June 2011 month-end open interest reached 94 million contracts, up 9 percent from the same period last year. Second-quarter 2011 volume averaged 13.5 million contracts per day, in line with strong second-quarter 2010 results which included record May 2010 average daily volume.
In June 2011, CME Group interest rate volume averaged 7.1 million contracts per day, up 50 percent compared with June 2010. Treasury futures volume averaged 2.9 million contracts per day, up 44 percent compared with same period a year ago. Treasury options volume averaged 351,000 contracts per day, up 43 percent from June 2010. Eurodollar futures volume averaged 2.8 million contracts per day, up 69 percent versus prior June, and Eurodollar options volume averaged 839,000 contracts per day, up 30 percent, and included a monthly record for 2-Year Eurodollar Midcurve options.
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Source: CME Group
Dodd-Frank delay spells OTC dealer reprieve
July 5, 2011--A sudden slowdown in the implementation of key financial market reforms has delayed the shifting of over-the-counter derivatives to electronic trading platforms, allowing banks to cling on to a lucrative source of business for longer than expected.
One thrust of the post-crisis clean-up of the financial system, enshrined in G20 commitments agreed in 2009, was to require that the largely bank-controlled OTC derivatives markets be shifted on to formal trading platforms.
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Source: FT.com
