Americas ETP News
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ISDA Leads Industry Effort to Establish Commodity Derivatives Trade Repository
March 28, 2011--The International Swaps and Derivatives Association, Inc. (ISDA) today announced that, as part of its continuing efforts to improve transparency in the over-the-counter (OTC) derivatives markets, it has issued a Request for Proposals (RFP) to establish a Commodity OTC Derivatives Trade Repository.
The RFP seeks proposals to create a trade reporting repository that ultimately will record all Commodity OTC Derivatives trade types. The repository will meet all current and future regulations governing repositories and will provide a structure to rapidly report and provide timely access to information to applicable regulators. The deadline for interested providers to submit their proposals is Monday, April 25, 2011.
Trade repositories improve transparency by providing global regulators with significant visibility into risk exposures by firm and by counterparty. ISDA has helped establish trade repositories for other asset classes, including OTC interest rate, credit and equity derivatives.
Information relating to the RFP is available on ISDA's website: www.isda.org
Source: ISDA
U.S. Agencies Announce Consideration Of Risk Retention Notice Of Proposed Rulemaking
March 28, 2011--The staffs of the Office of the Comptroller of the Currency, the Federal Reserve, the Federal Deposit Insurance Corporation, the U.S. Securities and Exchange Commission, the Federal Housing Finance Agency, and the Department of Housing and Urban Development (together, the agencies) announced that the agencies this week are considering for approval a notice of proposed rulemaking that addresses section 941 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
All of the agencies participating in this joint rulemaking process are expected to consider the rule this week and a detailed announcement will be made when this process is complete.
If approved, the agencies will publish in the Federal Register a notice of proposed rulemaking for public comment.
Section 941 requires the agencies to prescribe rules to require that a securitizer retain an economic interest in a material portion of the credit risk for any asset that it transfers, sells, or conveys to a third party. The chairperson of the Financial Stability Oversight Council is tasked with coordinating this rulemaking effort.
Source: HUD
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
March 28, 2011--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Monday, March 28, 2011:
Valley High Ventures Ltd. (TSXV:VHV.V) will be removed from the index.
The shares of the company have been acquired by Levon Resources Ltd. (TSXV:LVN.V) through a Plan of Arrangement.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poors
National Bank Direct Brokerage Launches its New Exchange-Traded Funds (ETF) Center
March 25, 2011--National Bank Direct Brokerage, a subsidiary of National Bank Financial Group (TSX:NA), is launching a new exchange-traded funds (ETF) Center. This new tool allows users to easily trade ETFs on the North American markets.
Whether clients are looking for ETFs or simply want to learn more about this type of product, our new ETF Center is a comprehensive source of information. This user-friendly tool helps clients choose ETFs that suit their needs and execute ETF trades more effectively," said Nicolas Milette, President of National Bank Direct Brokerage.
The new ETF Center can quickly search by symbol, various criteria or a key word. ETF features and composition are displayed in real time and in a one-page format. Graphs can be customized with several options such as frequency, period, indicators, volume and more. As such, investors are better equipped to make an informed decision quickly and efficiently.
For more information, go to www.nbc.ca/etfcenter or contact the National Bank Direct Brokerage Investor Services by phone at 1-800-363-3511 or 514-866-6755 or email at web.trad@bnc.ca.
Source: National Bank Direct Brokerage
Position limits would hurt investment goals: USCF
March 25, 2011--A futures regulator proposal that would place position limits in the commodities markets may not prevent manipulation or speculation, and would prevent operators of commodity funds from meeting their investment goals, an exchange-traded fund manager said.
The U.S. Commodity Funds, a manager of leading ETFs U.S. Oil Fund (USO.P) and U.S. Natural Gas Fund (UNG.P), said on Friday that instead of preventing excessive speculation -- the goal of position limits -- it could adversely affect the value of the exchange-traded pools managed by it and others.
rad more
Source: Reuters
BlackRock *New Report * ETF Landscape: US Handbook - Q1 2011
March 25, 2011--ETF Landscape: US handbook - Q1 2011 is a comprehensive directory of all 1,117 ETFs and ETPs with assets of US$1.1 trillion from 46 providers listed on two exchanges in the United States.
to request report
Source: Global ETF Research & Implementation Strategy Team, BlackRock
CFE Launches Security Futures on CBOE Gold ETF Volatility Index (GVZ) Today
March 25, 2011--- The CBOE Futures Exchange (CFE) today announced it has launched security futures trading on the CBOE Gold ETF Volatility Index (Ticker - GVZ), further expanding tradable CFE volatility products into a new asset class.
"With the Gold VIX security futures contract, we look forward to bringing the same utility of volatility futures trading available through our CBOE VIX security futures contract, covering the market as a whole, to a new ETF category and new types of investors," Andrew Lowenthal, CFE Managing Director said. "This contract allows investors to diversify and hedge their GLD exposures through a trading vehicle that was not previously available."
The calculation of the CBOE Gold ETF Volatility Index ("Gold VIX") is based on the well-known CBOE VIX methodology applied to options on the SPDR Gold Trust (Ticker - GLD). The Gold VIX is an up-to-the-minute market estimate of the expected 30-day volatility of GLD, calculated using real-time bid/ask quotes of GLD options that are listed on CBOE.
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Source: CBOE
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
March 25, 2011--Standard & Poor's Canadian Index Operations announces the following index changes:
The shareholders of Western Coal Corp. (TSX:WTN) have accepted the cash and share takeover offer from Walter Energy, Inc. (NYSE:WLT).
Western Coal will be removed from the S&P/TSX Composite and Capped Composite, the S&P/TSX Equity, Capped Equity, Equity Completion and Equity SmallCap, the S&P/TSX Completion, the S&P/TSX SmallCap, the S&P/TSX Capped Materials, the S&P/TSX Capped Diversified Metals & Mining, the S&P/TSX Global Mining and Global Base Metals and the S&P/TSX Equal Weight Global Base Metals indices after close on Friday, April 1, 2011.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poors
CFTC.gov Commitments of Traders Reports Update
March 25, 2011----CFTC.gov Commitments of Traders Reports have been updated for the week of March 22, 2011 are now available.
view updates
Source: CFTC.gov
First Trust files with the SEC
March 25, 2011-- First Trust has filed a post-effective amendment No. 48 to the First Trust NASDAQ Global Auto Index Fund.
view filing
Source: SEC.gov
