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Tudor Investment Purchases Consumer, Emerging-Market ETFs
November 14, 2013--Tudor Investment Corp., the $13 billion hedge-fund firm run by billionaire Paul Tudor Jones, increased its stake in an exchange-traded fund that tracks retail companies in the third quarter.
The firm bought 3.6 million shares of Consumer Discretionary Select Sector SPDR Fund (XLY), boosting its investment to 4.1 million shares valued at $250 million as of Sept. 30, according to a filing today with the U.S. Securities and Exchange Commission.
SEC: Don't Use 'Protected' or 'Guaranteed' in Fund Names
November 14, 2013--The regulatory body is 'heightening its scrutiny' of funds that include the terms
November 14, 2013--The SEC released a guidance update in November that explained the regulatory body's position on the use of the terms "Protected" or "Guaranteed" in mutual fund names.
The short answer? Don't do it.
It's hard to imagine any compliance department worth its salt would let it happen in this day and age, but if it somehow gets through, advisors are forewarned.
CFTC Staff Issues Advisory on the Applicability of Transaction-Level Requirements in Certain Cross-Border Situations
November 14, 2013--Today, the Division of Swap Dealer and Intermediary Oversight (DSIO) of the Commodity Futures Trading Commission (CFTC) responded to an inquiry from swap market participants and other interested parties on the applicability of Dodd-Frank Transaction-Level Requirements
to swaps between non-U.S. swap dealers (SDs) (whether an affiliate or not of a U.S. person) and non-U.S. persons if the swap is arranged, negotiated, or executed by personnel or agents of the non-U.S. SD located in the U.S.
CBOE And C2 To List Options On Twitter (TWTR) On November 15
November 14, 2013--The Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2) announced that they will list options on the stock of Twitter, Inc. (NYSE:TWTR) on Friday, November 15.
The contract specifications and Designated Primary Market Makers (DPMs) for the options are as follows:
Contract Specifications:
Initial strike prices: Will range from 35 to 50, in one-point increments
Position limit: 25,000 contracts
Expiration cycle: March, with introductory expirations in December, January, March and June
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices
A Share Update For The S&P/TSX Composite Index
November 14, 2013--S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
Barrick Gold Corporation (TSX:ABX) has closed a bought deal equity offering of common shares that was announced on October 31, 2013.
After the close of trading on Thursday, November 21, 2013, the relative weight of Barrick Gold will increase in the S&P/TSX Composite and Capped Composite, the S&P/TSX 60 and 60 Capped, the S&P/TSX Capped Materials, the S&P/TSX Global Mining, the S&P/TSX Global Gold and the S&P/TSX Composite Dividend Indices to reflect this issuance of new shares. There will be no weight change for Barrick Gold in the S&P/TSX Composite Equal Weight, the S&P/TSX 60 Equal Weight, the S&P/TSX Composite High Beta, the S&P/TSX 60 130/30 Strategy or the S&P/TSX Equal Weight Global gold Indices.
ETF Issuer Solutions Launches Distribution Platform for Alpha Managers
November 14, 2013-- ETF Issuer Solutions Inc. ("ETFis") announced Thursday the launch of its comprehensive exchange traded fund services platform. The firm's technology-driven ETF services model includes the "exemptive relief" and series trust framework required to launch new ETFs and a next-generation fund distributor to manage sales, marketing, and compliance.
William Smalley, President of ETFis, said, "The one-stop ETFis platform reduces barriers to entry for both emerging and established managers, minimizes operating inefficiencies, and allows our investment manager clients to focus on what they do best -generating alpha."
WisdomTree files with the SEC
November 14, 2013--WisdomTree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree Floating Rate Treasury Fund.
view filing
Global X files with the SEC
November 14, 2013--Global X has filed a post-effective amendment, registration statement with the SEC for the
Global X Guru Index ETF
Global X Guru Value Index ETF
Global X Guru Activist Index ETF
Global X SuperIncome & MLP Index ETF
Global X SuperIncome Preferred ETF
Global X SuperIncome REIT ETF
Global X Permanent ETF
AdvisorShares files with the SEC
November 14, 2013--AdvisorShares has filed a post-effective amendment, registration statement with the SEC.
view filing
Citi pounces on novel Colombian ETF
November 13, 2013--Cititrust Colombia S.A. has been appointed by Horizons Exchange Traded Funds to provide global custody and fund administration services for its newly-launched Fondo Bursátil Horizons MILA 40 de S&P (the Horizons MILA 40 ETF).
The Horizons MILA 40 ETF is the first exchange traded fund to give Latin American investors the opportunity to access forty of the largest and most liquid stocks listed on the Colombia, Peru and Chile stock exchanges.
Exceed files with the SEC
November 13, 2013--Exceed Advisory LLC., has filed a application for exemptive relief with the SEC.
view filing
First Trust files with the SEC
November 13, 2013--First Trust has filed a application to amend a application for exemptive relief with the SEC.
view filing
NASDAQ OMX Launches Fourteen New Indexes In The NASDAQ Newfound Index Family
November 13, 2013--The NASDAQ OMX Group,Inc. has introduced fourteen new indexes in the NASDAQ Newfound Index Family.
The NASDAQ Newfound Index Family features rules-based, quantitatively enabled investment strategies created by Newfound Research LLC and tracks specific investment strategies through the use of exchange--raded funds (ETFs). The indexes are designed to utilize ETFs to allow for specific outcomes to be achieved as an overlay on a broad market experience.
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices
A Deletion From The S&P/TSX Venture Composite And Venture Select Indices
November 13, 2013-- S&P Dow Jones Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of TriOil Resources Ltd. (TSXVN:TOL) have agreed to the terms of an Arrangement Agreement with ORLEN Upstream International B.V. Shareholders of TriOil will receive $CDN2.85 cash for each share held.
The company will be removed from the S&P/TSX Venture Composite and Venture Select Indices after the close of trading on Thursday, November 14, 2013.
UBS Launches Exchange-Traded Note with Significant Monthly Income Potential and 2x Leveraged Exposure to a Diversified, Multi-Asset Index
November 13, 2013--UBS Investment Bank announced that today is the first day of trading on the NYSE Arca(R) for the ETRACS Monthly Pay 2x Leveraged Diversified High Income ETN (NYSE:DVHL).
DVHL is linked to the monthly compounded 2x leveraged performance of the NYSE(R) Diversified High Income Index (the "Index"), reduced by investor fees.