Americas ETP News
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Foreign Boards of Trade and the Dodd-Frank Bill
October 5, 2010--Presentation by Duane Andresen Foreign Boards of Trade Registration Rulemaking Team.
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Source: CFTC.gov
NSX Releases September 2010 ETF Data Reports
October 5, 2010--Highlights from the September report include:
Assets in U.S. listed Exchange-Traded Funds (ETF) and Exchange-Traded Notes (ETN) surpassed $900 billion for the first time, totaling approximately $900.1 billion at September 2010 month-end. This is an increase of approximately 28% over September 2009 month-end when assets totaled $704.9 billion.
Net cash flows to ETFs for the month totaled $28 billion, bringing the year to date total to over $75 billion.
ETF/ETN notional trading volume during September 2010 totaled $1.3 trillion, representing 30% of all U.S. equity trading volume.
Total U.S. Equities and Total Global/Int'l Equities led all product categories with over $19.6 billion and $5.8 billion, respectively, in net cash inflows.
At the end of September 2010, there were 1066 listed products.
visit http://www.nsx.com/content/etf-assets-list for full report
Source: National Stock Exchange (NSX)
BNY Mellon ADR Index Monthly Performance Review is Now Available
October 5, 2010--The BNY Mellon ADR Index Monthly Performance Review is Now Available.
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Source: BNY Mellon
Nomura Americas Opens New Equities Trading Floor in New York
October 5, 2010--Nomura Securities International, Inc. today announced the official opening of its new 75,000 square foot equities trading floor in New York at 2 World Financial Center, coinciding with the launch of US Cash Equities and US Equity Research.
Together with a new equity research floor opened in midtown Manhattan, the equities department includes 430 professionals and has seating in these two new facilities to expand headcount to over 600 positions as it continues its growth in the Americas.
US Equities now offers full capabilities in cash, convertibles, derivatives, electronic trading, futures, prime brokerage, program trading, and quantitative and fundamental research. Nomura also has sizeable sales forces delivering the full range of equity products from Japan, Asia and EMEA. The firm's US customers benefit from a global network of content, ideas, structuring and liquidity across all markets, including the #1 ranked Institutional Investor international research team. Nomura has also built powerful fixed income capabilities over the past fifteen months and is amid an ambitious expansion of its investment banking and advisory services.
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Source: Nomura
Treasury Releases Two-Year Retrospective Report on the Troubled Asset Relief Program
TARP Played a Critical Role in Stabilizing the Financial Sector and Restarting Credit Markets, So That Our Nation's Economy Could Recover;
October 5, 2010--On the heels of the recent expiration of the Troubled Asset Relief Program (TARP) on October 3, the U.S. Department of the Treasury today announced the release of a "Two-year Retrospective" report on TARP.
The report provides a comprehensive overview of the steps that Treasury took under TARP to contain a growing financial panic that gripped our country in late 2008 and early 2009. The program played a critical role in recapitalizing the financial sector and restarting the credit markets, which made it possible for businesses, municipalities, and families to borrow again, so that our economy could recover.
According to the report, in light of the recently announced AIG restructuring and when valued at current market prices, Treasury now estimates that the total cost of TARP will be about $50 billion. In addition, using the same assumptions, Treasury estimates that the combined cost of TARP programs and other Treasury interests in AIG will be about $30 billion. (For a full description of cost estimates, please see pages 3-5 of the report.)
view report-TARP-Two Year Retrospective
Source: U.S. Department of the Treasury
Van Eck files with the SEC
October 5, 2010--Van Eck has filed a post effective amendment, registration statement with the SEC for
LatAm Aggregate Bond ETF
Asia ex-Japan Aggregate Bond ETF
view filing
Source: SEC.gov
Global X files with the SEC
October 4, 2010-Global X has filed an application for exemptive relief with the SEC.
view filing
Source: SEC.gov
CBOE Reports September 2010 Trading Volume - September 2010 Average Daily Volume Up From August 2010,Down From September 2009 - Year-To-Date Adv Declines By One Percent
October 4, 2010- The Chicago Board Options Exchange (CBOE) today reported that average daily volume (ADV) in September was 3.8 million contracts.
September's ADV was a 20-percent decline from the 4.7 million contracts per day in September 2009 and an eight-percent increase over August 2010 ADV of 3.5 million contracts. `
Year-to-date ADV of 4.5 million contracts through September was down one percent compared with the same period in 2009.
ETF options - September 2010 ADV was nearly 918,000 contracts, down 22 percent from 1.2 million contracts per day in September 2009 and up eight percent from just under 847,000 contracts per day in August 2010. Year-to-date ETF option ADV of 1.1 million contracts was up two percent from the same period in 2009.
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Source: CBOE
TMX Group Announces The Creation Of A New Alternative Trading System - TMX Selecttm Will Provide Additional Client Choice, Leveraging Existing TSX Connectivity
October 4, 2010--TMX SelectTM will provide additional client choice, leveraging existing TSX connectivity TORONTO (CNW) - TMX Group Inc. today announced that it has submitted regulatory filings to create a new alternative trading system (ATS). TMX SelectTM, which is a wholly-owned subsidiary of TMX Group, will offer a visible marketplace for trading equity securities.
The new trading system will operate on TMX Group's high-performance TSX Quantum� trading platform, with functionality and pricing models separate and distinct from Toronto Stock Exchange and TSX Venture Exchange.
"TMX Select will provide multiple benefits to market participants, including a new source of liquidity, innovative pricing and the leading technology in Canada," said Kevan Cowan, President TSX Markets and Group Head of Equities. "And because clients will be able to access this new order book using their existing TSX connectivity, TMX Select will provide all of these benefits with minimal cost and effort." In addition to seamless connectivity for existing clients and competitive pricing, key TMX Select market features include: expanded trading hours, providing additional opportunities to execute trades; a simplified market structure with continuous trading of board lots only and no special terms; and strict price-time priority for visible orders.
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Source: CB Online
CME Group Volume Averaged 12.1 Million Contracts per Day in September 2010, up 15 Percent, and 11.6 Million Contracts per Day in Third Quarter, up 14 Percent
October 4, 2010-- Treasuries averaged 2.6 million contracts per day in September, up 50 percent
Commodities averaged 1.0 million contracts per day in September, up 56 percent
Interest rates, foreign exchange, commodities, energy and metals experienced double-digit monthly and quarterly year-over-year growth
CME Group, the world's leading and most diverse derivatives marketplace, today announced that September volume averaged 12.1 million contracts per day, up 15 percent from September 2009 and up 3 percent sequentially.
Total volume for September was 254 million contracts, of which 83 percent was traded electronically.
In September 2010, CME Group interest rate volume averaged 5.1 million contracts per day, up 17 percent compared with the prior September. Treasury futures volume averaged 2.2 million contracts per day, up 44 percent compared with the same period in 2009, and Treasury options volume averaged 395,000 contracts per day, up 99 percent. Eurodollar futures volume averaged 1.8 million contracts per day, down 4 percent versus September 2009, and Eurodollar options volume averaged 615,000 contracts per day, down 6 percent.
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Source: CME Group
