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ELX Futures Extends Quarterly Months For Eurodollar Futures Contracts To 5 Years From 2 Years
March 9, 2011-ELX Futures, L.P. (ELX), a leading electronic futures exchange, announced today that it will extend quarterly months for its Eurodollar futures contracts to 5 years from 2 years, effective March 14, 2011.
ELX launched its Eurodollar futures contract in June 2010. Since its launch, the Eurodollar contract has quickly established itself as a popular new contract, setting volume, market share and open interest (OI) records. OI in Eurodollar futures has risen above 300K and market share has hit nearly 2% earlier this week.
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Source: ELX Futures
CFTC.gov Financial Data for Futures Commission Merchants Update
March 9, 2011--Selected FCM financial data as of January 31, 2011 (from reports filed by March 4, 2011) is now available.
view updates
Source: CFTC.gov
Teucrium files with the SEC
March 9, 2011---Teucrium has filed an Amendment No.1 to Form S-1 with the SEC for the Teucrium Soybean Fund.
view filing
Source: SEC.gov
Teucrium files with the SEC
March 9, 2011--Teucrium has filed an Amendment No.1 to Form S-1 with the SEC for the Teucrium Sugar Fund.
view filing
Source: SEC.gov
Credit Suisse Announces Launch of New 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN (the CSMB ET'N)
New CSMB ETN is the first publicly listed product to provide 2x monthly leveraged exposure to the merger arbitrage strategy
March 8, 2011-- Credit Suisse today announced the launch of the 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN, the first product to provide 2x monthly leveraged exposure to the merger arbitrage strategy in an exchange traded format.
NEW YORK, March 8, 2011 /PRNewswire/ -- Credit Suisse today announced the launch of the 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN, the first product to provide 2x monthly leveraged exposure to the merger arbitrage strategy in an exchange traded format.
The 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN (NYSE Arca: CSMB) is the newest edition in a suite of alternative ETN products, which seek to provide liquid access to some of the most popular alternative investment strategies. The CSMB ETN seeks to provide 2x monthly leveraged exposure to the merger arbitrage strategy as represented by the Credit Suisse Merger Arbitrage Liquid Index (Net), an index which benefits from daily valuations and a transparent rules-based construction process.
"Merger arbitrage strategies continue to generate increased investor interest due to their historically attractive risk-adjusted returns and diversification benefits. By providing leveraged exposure to the merger arbitrage strategy in an exchange traded format, investors benefit from real-time pricing, intraday liquidity and full portfolio transparency – advantages previously not associated with alternative investments," said Oliver Schupp, Head of the Beta Strategies Group which manages Credit Suisse's Liquid Alternative Beta strategies.
Michael G. Clark, head of the Structured Equity Derivatives desk in the Investment Bank, which is launching the ETN, added, "We are proud to lead the market with innovative exchange traded products that fill a void for investors seeking more transparent and cost effective access to the alternatives space. We are excited to introduce the CSMB ETN as the next innovative offering in our product line-up."
For more information on the Credit Suisse suite of Liquid Alternative ETN offerings, please visit: www.credit-suisse.com/notes.
Source: Credit Suisse AG
Emerging Market Inflation - Be Careful Not To Throw The Baby Out With The Bath Water
March 8, 2011--Emerging market food, energy, and commodity inflation is rising and may persist for decades to come as it is a by-product of robust growth. U.S. investor reaction has been somewhat indiscriminate. In the first 6 weeks of 2011, emerging market passive ETFs lost nearly 10% of their asset base1 as investors reduced their exposure - perhaps throwing the baby out with the bath water.
ome other investors discern that an emerging market position should not be a binary trade (in or out), but one that rotates with precise exposures based on the cyclicality of the market. In a higher inflation environment, emerging market energy and materials companies may provide a natural inflation hedge.
view “Inflation Defense with Emerging Market Sectors” (February 2011) is a 2 page brief on inflation in the emerging markets.
Source: Emerging Global Advisors
Direxion files with the SEC
March 8, 2011--Direxion has filed a post-effective amendment, registration statement with the SEC for 1X BEAR FUNDS
Fixed Income Funds
Direxion Daily 7-10 Year Treasury Bear 1X Shares (TYO)
Direxion Daily 20+ Year Treasury Bear 1X Shares (TMV)
view filing
Source: SEC.gov
Pimco files with the SEC
March 8, 2011--Pimco has filed a post effective amendment, registration statement with the SEC for the PIMCO Global Advantage Inflation-Linked Bond Strategy Fund.
view filing
Souce: SEC.gov
Move to synthetic US junk bonds
March 8, 2011--Demand is growing for “synthetic” financial instruments that enable investors to take positions in the US junk bond market without owning the underlying securities.
The instruments, created by using credit derivatives on junk bond or high-yield indices, resemble transactions linked to US mortgages that proliferated before the financial crisis.
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Source: FT.com
Credit Suisse Announces Launch Of New 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN (the CSMB ETN)
March 8, 2011--Credit Suisse today announced the launch of the 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN , the first product to provide 2x monthly leveraged exposure to the merger arbitrage strategy in an exchange traded format.
The 2x Monthly Leveraged Credit Suisse Merger Arbitrage Liquid Index (Net) ETN (NYSE Arca: CSMB) is the newest edition in a suite of alternative ETN products, which seek to provide liquid access to some of the most popular alternative investment strategies. The CSMB ETN seeks to provide 2x monthly leveraged exposure to the merger arbitrage strategy as represented by the Credit Suisse Merger Arbitrage Liquid Index (Net), an index which benefits from daily valuations and a transparent rules-based construction process.
"Merger arbitrage strategies continue to generate increased investor interest due to their historically attractive risk-adjusted returns and diversification benefits. By providing leveraged exposure to the merger arbitrage strategy in an exchange traded format, investors benefit from real-time pricing, intraday liquidity and full portfolio transparency – advantages previously not associated with alternative investments," said Oliver Schupp, Head of the Beta Strategies Group which manages Credit Suisse's Liquid Alternative Beta strategies.
Michael G. Clark, head of the Structured Equity Derivatives desk in the Investment Bank, which is launching the ETN, added, "We are proud to lead the market with innovative exchange traded products that fill a void for investors seeking more transparent and cost effective access to the alternatives space. We are excited to introduce the CSMB ETN as the next innovative offering in our product line-up."
Source: Credit Suisse
