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Global X files with the SEC
March 11, 2011--Global X has filed an Amended and Restated Application for an Order to Supersede a Prior Order under (i) Section 6(c) of the Investment Company Act of 1940.
view filing
Source: SEC.gov
CFTC's Division of Market Oversight Issues Advisory Regarding Ongoing Duty to Update Account Identification Form
March 11, 2011-The Commodity Futures Trading Commission’s Division of Market Oversight issued an Advisory reminding futures commission merchants, clearing members and foreign brokers (reporting firms) to submit an updated Form 102 when changes occur in an existing account.
The Advisory reiterates the existing legal obligation that reporting firms submit an updated Form 102 to the Commission within three business days after information contained in a previously submitted Form 102 is no longer accurate.
Minutes Of The U.S. Federal Open Market Committee, January 25-26, 2011
March 19, 2011--The Federal Reserve Board and the Federal Open Market Committee on Wednesday released the attached minutes of the Committee meeting held on January 25-26, 2011. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the January 25-26, 2011 meeting is also included as an addendum to these minutes.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board’s Annual Report. Summaries of economic projections are released on an approximately quarterly schedule. The descriptions of economic and financial conditions contained in these minutes and in the Summary of Economic Projections are based solely on the information that was available to the Committee at the time of the meeting.
view minutes
Source: Federal Reserve Board and the Federal Open Market
Statement From Chairman Schapiro on Independent Consultant Report of SEC Organization and Operations
March 10, 2011-- An independent consultant today presented Congress with a report examining the organization and operations of the Securities and Exchange Commission, as required by Section 967 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
The consultant, the Boston Consulting Group, focused its attention on four broad areas: organization structure, personnel and resources, technology and resources, and the SEC's relationship with self-regulatory organizations.
In response to the report, SEC Chairman Mary L. Schapiro issued the following statement:
view the SEC Organizational Study and Reform
Source: SEC.gov
Component Changes Made To Dow Jones Indexes
March 10, 2011--Component changes have been made to the following indexes
Regular Review Results for Dow Jones Islamic Market Indexes
Component Changes Made to Dow Jones SAFE Indexes
http://press.djindexes.com/index.php/component-changes-made-to-dow-jones-summerwinter-games-index-7/
Source: Dow Jones Indexes
U.S. Regulators Encourage Comments on CPSS-IOSCO Consultative Report on Principles for Financial Market Infrastructures
March 10, 2011--The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures. The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market infrastructures around the world.
The U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission (members of the Technical Committee of IOSCO) and the Board of Governors of the Federal Reserve System (a member of the CPSS) encourage interested persons to review and comment on the consultative report.
The deadline for submitting comments on the Principles for Financial Market Infrastructures is July 29, 2011.
The consultative report contains updated and new proposed international principles for systemically important payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories. The 24 proposed principles would replace existing CPSS and CPSS-IOSCO standards for payment, clearing and settlement systems previously published in the Core Principles for Systemically Important Payment Systems, Recommendations for Securities Settlement Systems and Recommendations for Central Counterparties and introduce principles for trade repositories for the first time.
The consultative report on the Principles for Financial Market Infrastructures is available at www.bis.org/publ/cpss94.htm. Comments on the report should be sent via e-mail to cpss@bis.org and fmi@iosco.org.
Source: CFTC.gov
Direxion files with the SEC
March 10, 2011-Direxion has filed a post effective amendment, registration statement with the SEC for 12 ETFs. The funds are:
1X BEAR FUNDS
Domestic Equity Index Funds
Direxion Daily Dow 30® Bear 1X Shares
Direxion Daily Large Cap Bear 1X Shares
Direxion Daily Small Cap Bear 1X Shares
Direxion Daily Total Market Bear 1X Shares
Fixed Income Funds
Direxion Daily 7-10 Year Treasury Bear 1X Shares (TYNS)
Direxion Daily 20+ Year Treasury Bear 1X Shares (TYBS)
Direxion Daily Corporate Bond Bear 1X Shares
Direxion Daily Municipal Bond Taxable Bear 1X Shares
Direxion Daily Total Bond Market Bear 1X Shares (SAGG)
International Funds
Direxion Daily Developed Markets Bear 1X Shares
Direxion Daily Emerging Market Bear 1X Shares
view filing
Source: SEC.gov
U.S. Regulators Encourage Comments on the CPSS-IOSCO Consultative Report on the Principles for Financial Market Infrastructures
March 10, 2011--The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures.
The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market infrastructures around the world. The Board of Governors of the Federal Reserve System, a member of the CPSS, and the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission, members of the Technical Committee of IOSCO, encourage interested persons to review and comment on the consultative report. The deadline for submitting comments on the Principles for Financial Market Infrastructures is July 29, 2011.
The consultative report contains updated and new proposed international principles for systemically important payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories. The 24 proposed principles would replace existing CPSS and CPSS-IOSCO standards for payment, clearing and settlement systems previously published in the Core Principles for Systemically Important Payment Systems, Recommendations for Securities Settlement Systems and Recommendations for Central Counterparties and introduce principles for trade repositories for the first time.
The consultative report on the Principles for Financial Market Infrastructures is available at www.bis.org/publ/cpss94.htm. Comments on the report should be sent via email to cpss@bis.org and to fmi@iosco.org.
Source: CFTC.gov
Global X Funds Exceeds $1.5 Billion in Assets Under Management
March 9, 2011-Global X Funds, the New York based provider of exchange-traded funds (ETFs), exceeded $1.5 billion in assets under management (AUM) on March 1, 2011. Since the end of 2009, the firm’s AUM has grown over 1500%.
Global X Funds manages 23 exchange-traded funds across global commodities and developed and emerging markets fund suites. The largest funds include the Silver Miners ETF (SIL), Uranium ETF (URA), Lithium ETF (LIT), and China Consumer ETF (CHIQ). As of 3/1/11, their net assets were $498 million, $217 million, $186 million, and $162 million, respectively. The most recent product launches in 2011 are:
Global X Aluminum ETF (ALUM)
Global X Russell Emerging Markets Growth ETF (EMGX)
Global X Russell Emerging Markets Value ETF (EMVX)
Global X FTSE Andean 40 ETF (AND)
Global X FTSE ASEAN 40 ETF (ASEA)
Global X FTSE Argentina 20 ETF (ARGT) The firm is moving into a larger office space at 399 Park Avenue in New York City to accommodate recent hires. Alexandra Levis, Alex Ashby, and Amy Hernandez have joined the marketing, research, and operations teams, respectively.
“We continue to invest in exceptional talent and remain committed to providing investors with innovative products that allow relatively easy and cost effective access to global markets,” said Bruno del Ama, chief executive officer of Global X Funds.
Source: Global X
Charles Schwab Adds New Resources to Help Guide Investors on Exchange-Traded Funds
March 9, 2011--Charles Schwab has released a new tool designed to help investors find exchange-traded funds (ETFs) for their specific portfolio needs. The new, quarterly Schwab ETF Select List™ was created by Charles Schwab Investment Advisory, Inc.1 (CSIA) by filtering through all of the ETFs in the marketplace to highlight a select group of pre-screened, low-cost funds that can be used to fill portfolio gaps.
The company also released a collection of analysis and commentary on ETF investor behavior and trends for independent registered investment advisors (RIAs) and other industry participants who work with retail investors. The ETF Investor: 2010 in Review by Charles Schwab was published to help support and amplify the educational efforts these industry leaders are making to inform individual investors about ETFs.
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Source: Charles Schwab
