Americas ETP News
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iShares files with the SEC
September 30, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares PHLX SOX Semiconductor Sector Index Fund -Ticker: SOXX
Stock Exchange: NASDAQ.
view filing
Source: SEC.gov
Russel files with the SEC
September 30, 2010--Russell has filed a pre-effective amendment No.2, registration statement with the SEC for 20 ETFs.
Russell One World Large Cap ETF(OWL)
Russell One World Large Cap Growth ETF (OWLG)
Russell One World Large Cap Value ETF (OWLV)
Russell One World Small Cap ETF (OWS)
Russell One World Small Cap Growth ETF (OWSG)
Russell One World Small Cap Value ETF (OWSV)
Russell One World All Cap ETF (OWA)
Russell One World All Cap Growth ETF (OWAG)
Russell One World All Cap Value ETF (OWAV)
Russell One World ex-U.S. Large Cap ETF (OXL)
Russell One World ex-U.S. Large Cap Growth ETF (OXLG)
Russell One World ex-U.S. Large Cap Value ETF (OXLV)
Russell One World ex-U.S. Small Cap ETF (OXS)
Russell One World ex-U.S. Small Cap Growth ETF (OXSG)
Russell One World ex-U.S. Small Cap Value ETF (OXSV)
Russell One World ex-U.S. All Cap ETF (OXA)
Russell One World ex-U.S. All Cap Growth ETF (OXAG)
Russell One World ex-U.S. All Cap Value ETF (OXAV)
Russell Developed ex-U.S. Large Cap ETF [TICKER]
Russell Emerging Markets Large Cap ETF [TICKER]
Principal U.S. Listing Exchange for each ETF: NYSE Arca, Inc.
view filing
Source: SEC.gov
U.S. Department of the Treasury Economic Statistics - Monthly Data Update
September 30, 2010---The U.S. Department of the Treasury Economic Statistics - Monthly Data has been updated and is now available.
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Source: U.S. Department of the Treasury
U.S. Department of the Treasury Economic Statistics - Quarterly Data Update
September 30, 2010--The U.S. Department of the Treasury Economic Statistics - Quarterly Data has been updated is now available.
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Source: U.S. Department of the Treasury
Trading Begins October 1st for Futures on MSCI Net Total Return (NTR) EAFE and Emerging Markets Indices
September 30, 2010--NYSE Liffe U.S. is pleased to announce the addition of futures on the MSCI Net Total Return (NTR) EAFE and Emerging Markets Indices to its comprehensive family of MSCI index-based products. MSCI Total Return Indices measure total market performance, including both price performance and income from dividends.
The new NTR Mini Index Futures will track the underlying indices with high precision, allowing investors to hedge or gain full exposure to price and yield performance of developed and emerging markets in a single transaction. NYSE Liffe U.S. Net Total Return Mini Index futures trade on the leading edge LIFFE CONNECT platform and clear at the Options Clearing Corporation.
more info
Source: NYSE Euronext
NYSE Announces Fourth-Quarter 2010 Circuit-Breaker Levels
September 30, 2010--The New York Stock Exchange will implement new circuit-breaker collar trigger levels for fourth-quarter 2010 effective Friday, October 1, 2010.
Circuit-breaker points represent the thresholds at which trading is halted marketwide for single-day declines in the Dow Jones Industrial Average (DJIA). Circuit-breaker levels are set quarterly as 10, 20 and 30 percent of the DJIA average closing values of the previous month, rounded to the nearest 50 points.
In fourth-quarter 2010, the 10-, 20- and 30-percent decline levels, respectively, in the DJIA will be as follows:
Level 1 Halt
An 1,050-point drop in the DJIA before 2 p.m. will halt trading for one hour; for 30 minutes if between 2 p.m. and 2:30 p.m.; and have no effect if at 2:30 p.m. or later unless there is a level 2 halt.
Level 2 Halt
A 2,100-point drop in the DJIA before 1:00 p.m. will halt trading for two hours; for one hour if between 1:00 p.m. and 2:00 p.m.; and for the remainder of the day if at 2:00 p.m. or later.
Level 3 Halt
A 3,150-point drop will halt trading for the remainder of the day regardless of when the decline occurs.
Background:
Circuit-breakers are calculated quarterly. The percentage levels were first implemented in April 1998 and the point levels are adjusted on the first trading day of each quarter. In 2010, those dates are Jan. 2, April 1, July 1 and Oct. 1.
Source: NYSE Euronext
US bill raises concerns over trade war with China
September 30, 2010--Beijing warned Washington on Thursday that economic ties might be damaged after American lawmakers escalated the conflict over China’s currency controls, inching the two economic giants closer to a trade war.
The Commerce Ministry said a measure approved Wednesday by Congress to allow Washington to penalize governments that manipulate exchange rates violated free-trade rules. It gave no indication whether Beijing might retaliate, though it has imposed antidumping duties in recent months on imports of US chicken, steel and nylon.
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Source: Todays Zaman
iShares files with the SEC
September 30, 2010--iShares has filed a post-effective amendment, registration with the SEC for
iShares Taxable Municipal Bond Fund.
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Source: SEC.gov
BlackRock seeks tougher swap rules
September 30, 2010--BlackRock, one of the world’s biggest investment managers, has created a stir in the derivatives industry by recommending that regulators set stricter rules for clearing privately traded swaps than those that apply to the clearing of exchange traded futures.
The fund manager is concerned that rules being drafted might not be tough enough and could leave it too heavily exposed to the default of other investors.
A move to rules advocated by BlackRock could increase operational costs for clearing houses and change the economics of clearing, according to industry participants. The point of contention is whether customer assets and margin payments towards cleared derivatives positions are held in pooled accounts or in separate, or segregated, accounts. BlackRock favours segregation.
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Source: FT.com
UBS Announces the 16th ETN in its E-TRACS Platform Which Gives Short Exposure to the Alerian MLP Infrastructure Total Return Index
September 30, 2010--UBS Investment Bank announced today the addition of a new exchange traded note (ETN) to its E-TRACS platform, the UBS E-TRACS 1X Monthly Short Alerian MLP Infrastructure Total Return Index. It is the 16th ETN in UBS’s rapidly growing E-TRACS platform, and the fourth ETN with Alerian. It began trading today on NYSE Arca under the ticker symbol, MLPS, and is designed to provide short exposure to the Master Limited Partnership (MLP) market by tracking the inverse performance of the Alerian MLP Infrastructure Total Return Index.
“This is our fourth ETN with Alerian and expands even further our spectrum of MLP ETN choices, giving investors an easily accessible, exchange-traded vehicle to hedge their exposure to the Master Limited Partnership market,” said Christopher Yeagley, Managing Director and US Head of Equity Structured Products. “We are proud of the diversity of our E-TRACS platform and are excited that we can continue offering investors interesting and useful products.”
UBS E-TRACS belong to an innovative class of investment products offering access to markets and strategies that had not previously been readily available to investors, and offer unique diversification opportunities in a number of different sectors.
UBS has 15 other existing E-TRACS ETNs – 10 that track the performance of various UBS Bloomberg CMCI indexes, like platinum, silver, gold, livestock, food, etc; one that tracks the total return of the Dow Jones-UBS Commodity Index; one that is linked to the S&P 500 Gold Hedged Index; one linked to the Alerian MLP Infrastructure Index; one that offers 2x leveraged exposure to the Alerian MLP Infrastructure Index; and one linked to the Alerian Natural Gas MLP Index.
The Alerian MLP Infrastructure Total Return Index is comprised of 25 energy infrastructure MLPs whose constituents generally earn the majority of their cash flow from the transportation and storage of energy commodities. This index provides investors with a benchmark for the infrastructure component of this emerging asset class.
UBS E-TRACs are senior unsecured notes issued by UBS AG, are traded like any other security on NYSE Arca, and can be bought and sold through a broker or financial advisor. For more information about UBS E-TRACs, please visit www.ubs.com/e-tracs.
Source: UBS
