Americas ETP News
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Index IQ files registration with SEC
June 28, 2010---Index IQ has filed a Amendment No. 5, registration statement with the SEC for
IQ ALPHA Hedge Strategy Fund
view filing
Source: SEC.gov
Index IQ files with the SEC
June 28, 2010--Index IQ has filed a post-effective amendment, registration statement with the SEC for
IQ Hedge Multi-Strategy Tracker ETF
Cusip:45409B107
Ticker: QAI
IQ Hedge Macro Tracker ETF
Cusip:45409B206
Ticker:MCRO
view filing
Source: SEC.gov
Direxion files with the SEC
June 28, 2010--Direxion has filed a post-effective amendment No.12, registration statement with the SEC for
Direxion Daily S&P 500 Bull 3X Shares, Direxion Daily S&P 500 Bear 3X Shares, Direxion Daily Basic Materials Bull 3X Shares, Direxion Daily Basic Materials Bear 3X Shares, Direxion Daily Consumer Discretionary Bull 3X Shares, Direxion Daily Consumer Discretionary Bear 3X Shares, Direxion Daily Consumer Staples Bull 3X Shares
Direxion Daily Consumer Staples Bear 3X Shares, Direxion Daily Healthcare Bull 3X Shares, Direxion Daily Healthcare Bear 3X Shares, Direxion Daily Retail Bull 2X Shares, Direxion Daily Retail Bear 2X Shares, Direxion Daily Semiconductor Bull 3X Shares, Direxion Daily Semiconductor Bear 3X Shares, Direxion Daily Utilities Bull 3X Shares and Direxion Daily Utilities Bear 3X Shares
view filing
Source: SEC.gov
Chairman Schapiro Statement on Regulatory Reform Legislation
June 28, 2010--The following is a statement from SEC Chairman Mary L. Schapiro regarding legislation to be considered this week by the Congress:
"On Friday, Congress took a giant step toward achieving important comprehensive financial regulatory reform.
"The bill that emerged from the conference to be considered this week will improve oversight of large interconnected institutions, fill significant regulatory gaps, provide greater oversight and transparency over hedge funds and over-the-counter derivatives, improve the SEC's funding process and provide additional investor protections."
Source: SEC.gov
Claymore Adds Key Talent to Enhance Private Client Group
June 28, 2010--Claymore Securities, Inc., an innovator of investment product solutions and a wholly-owned subsidiary of Guggenheim Partners, LLC, announced today the addition of several senior professionals focused on growing the firm’s service and distribution excellence in the private client business.
“As we continue to integrate Claymore with Guggenheim, we are aggressively building out our distribution and servicing capabilities,” said Steven A. Baffico, senior managing director and head of U.S. retail distribution for Claymore Securities, Inc., a Guggenheim Partners company. “We are working diligently to implement the most advantageous organizational structure for success and will continue to add additional world-class professionals to our team.”
Recently Claymore has hired the following executives:
Chris Parisi joins as senior managing director and national sales manager, overseeing all internal and external wholesalers and product support staff. Parisi previously held senior positions at MainStay-New York Life Investments, BlackRock and Federated Investments.
Lee Personeni joins as director – Strategic Relations Group. As relationship manager, she is responsible for business development and relationship management with Bank of America –Merrill Lynch and other partner firms. Personeni previously held various leadership positions at Merrill Lynch, including Americas Distribution Group’s head of strategic initiatives and campaigns, Managed Solutions Group’s divisional marketing manager and transition team specialist during the firm’s acquisition by Bank of America.
Jennica Ross joins as director – Strategic Relations Group. As relationship manager, Ross manages the UBS relationship, as well as other partner relationships, and is responsible for overall business development with counterparty firms. She previously held senior roles with UBS, in both the Wealth Management Group and UBS Equity Capital Markets.
Brian Carlisle joins as regional vice president and will be responsible for distribution of all investment products within the Ohio territory. Carlisle spent the previous five years at Van Kampen, and has covered Ohio and the surrounding areas for the past three years.
Fran Jacobs III joins as regional vice president for Northern California. Jacobs previously held an external wholesaling position with Mainstay-New York Life for California and Hawaii and has more than 15 years of experience in financial services sales and leadership roles at a number of leading firms.
Mark Vernon joins as regional vice president and will be responsible for distribution of all investment products in the Michigan territory. Vernon previously spent nearly seven years at Van Kampen Investments where he covered a similar footprint.
John Browning joins as managing director – portfolio supervision, after 18 years at Van Kampen Investments. John's responsibilities will include portfolio construction and oversight of trade execution for Claymore’s Unit Trust business.
For more information on Claymore please visit www.claymore.com.
Source: Claymore
CBOE Weeklys to Start on Thursdays
June 28, 2010--Beginning on Thursday, July 1, 2010 all new Weekly option series at CBOE will begin trading on Thursdays and expire the following Friday, offering expanded ‘roll’ opportunities, especially key for SPX Weeklys traders. Previously, new Weeklys series were listed on Fridays and expired the following Friday.
Root ticker symbols for Weeklys are now the same as the underlying security, so they can be found in standard options chains. For example, quotes for OEX Weeklys that expire on Friday, July 2, 2010 can be found in the OEX options chain.
Weekleys on Cash settled Indexes
For more information on Weekly options, visit: www.cboe.com/weeklys.
Source: CBOE
Van Eck files with the SEC
June 28, 2010--Van Eck has filed a post-effective amendment, registration statement with the SEC for
Investment Grade Floating Rate Bond ETF
Ticker:FLTR
view filing
Source: SEC,gov
Van Eck files with the SEC
June 28, 2010--Van Eck has filed a post-effective amendment, registration statement with the SEC for
Emerging Markets Local Currency Bond ETF
Ticker Symbol:EMLC
Total Annual Fund Operating Expenses: 0.49%
view filing
Source: SEC.gov
iShares files with the SEC
June 28, 2010--iShares has filed a post-effective amendment, registration statement with the SEC for
iShares 10+ Year Credit Bond Fund
Ticker: CLY
view filing
Source: SEC.gov
Bankers pore over Wall St reform details
June 28, 2010--Some of the largest commodity traders on Wall Street could face changes under the US financial reform bill advanced by lawmakers last week, with some banks being forced to spin off the units that handle assets such as oil, gas, coal and industrial metals.
The bill would also require the Commodity Futures Trading Commission to limit the size of traders’ positions in commodity derivatives, potentially blocking large investors from using basic materials as an inflation hedge or a bet on global growth.
House and Senate lawmakers agreed to the bill’s language late last week, though the death on Monday of Robert Byrd, a Democrat in the US Senate, put final passage in doubt.
read more
Source: FT.com
