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AdvisorShares files with the SEC
October 19, 2012--AdvisorShares has filed a post-effective amendment, registration statement with the SEC for the International Bear ETF.
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Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change with Respect to INAV Pegged Orders for ETFs
October 18, 2012--Proposed Rule Changes-The Commission issued notice of a proposed rule change submitted by The NASDAQ Stock Market LLC (SR-NASDAQ-2012-117) pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 and Rule 19b-4 thereunder with respect to INAV Pegged Orders for ETFs. )
view Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing of Proposed Rule Change with Respect to INAV Pegged Orders for ETFs notice
Group pushes US House Republicans to get position limits in place
October 18, 2012--A financial reform group is pressing key US House Republicans to enact position limits in commodity markets, despite a court ruling which essentially overturned them.
In a letter sent to four Republicans on the House of Representatives' Committee on Financial Services Thursday, the group wrote that the imposition of position limits "is vital for the proper functioning of the commodities markets," and said the US Commodity Futures Trading Commission was following the intent of Congress when it attempted to put them in place this month.
"Putting aside the court's ruling, we believe there is more than adequate evidence of excessive speculation, and more than adequate evidence that market opacity and excessive speculation have been disruptive to commodity markets and diminished confidence in these markets," the Commodity Markets Oversight Coalition wrote in the letter.
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices
A Deletion From The S&P/TSX Venture Composite Index
October 22, 2012--S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
On October 18, 2012, the shareholders of Pine Cliff Energy Ltd. (TSXVN:PNE) and Geomark Exploration Ltd. (TSXVN:GME) approved the previously announced business combination whereby Pine Cliff Energy will acquire Geomark Exploration.
Geomark Exploration shareholders will receive 1.5 common share of Pine Cliff Energy for each share held. Geomark Exploration will be removed from the S&P/TSX Venture Composite Index after the close of trading on Monday, October 22, 2012.
Fidelity files with the SEC
October 18, 2012--Fidelity has filed a second amended application for exemptive relief with the SEC.
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Vanguard lists 21 funds on Cofunds
Range of passive funds to be made available to 13,000 Cofunds users
October 18, 2012--Vanguard has struck a deal with Cofunds to list 21 of its funds on the platform.
The listings include Vanguard’s five multi-asset LifeStrategy funds, launched in June 2011, as well as seven single-asset passive funds and nine Ireland-domiciled portfolios.
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices-A Deletion From The S&P/TSX Global Gold And Global Mining Indices
October 18, 2012--S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Avion Gold Corporation (TSX:AVR) have accepted the share exchange offer from Endeavour Mining Corporation (TSX:EDV) whereby Avion Gold shareholders will receive 0.365 shares of Endeavour Mining for each share held.
Avion Gold will be removed from the S&P/TSX Global Mining and Global Gold Indices effective after the close of Monday, October 22, 2012. At the same time, the relative weight of Endeavour Mining will increase in the same indices to reflect the issuance of the new shares.
Guggenheim files with the SEC
October 18, 2012--Guggenheim has filed a post-effective amendment, registration statement with the SEC. This filing relates to:
Guggenheim Canadian Energy Income ETF
Guggenheim China Real Estate ETF
Guggenheim China Small Cap ETF
Guggenheim Frontier Markets ETF
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Guggenheim files with the SEC
October 18, 2012--Guggenheim has filed a post-effective amendment, registration statement with the SEC.
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iShares files with the SEC
October 18, 2012--iShares has filed a pre-effective amendment no.1 to form S-1 registration statement with the SEC for the iShares® Diversified Alternatives Trust.
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Legg Mason files with the SEC
October 17, 2012--Legg Mason has filed a fifth amended and restated application for exemptive relief with the SEC.
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CME to buy rival Kansas City exchange, heading off ICE
October 17, 2012--CME Group Inc (CME.O) on Wednesday agreed to buy the Kansas City Board of Trade for $126 million in cash, cementing CME's dominance in world grain futures markets and keeping rival IntercontinentalExchange (ICE.N) from gaining an important foothold.
It is CME's first exchange purchase in five years since it wrapped up a buying spree that put the Chicago Mercantile Exchange, the Chicago Board of Trade and the energy-focused New York Mercantile Exchange all under its control.
LocalShares files with the SEC
October 17, 2012--LocalShares has filed an application for exemptive relief with the SEC.
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UBS launches ETN with high monthly income potential and leveraged exposure to mortgage REITs
ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN
October 17, 2012--UBS Investment Bank announced that today is the first day of trading on the NYSE
Arca for the ETRACS Monthly Pay 2xLeveraged Mortgage REIT ETN (NYSE: MORL).
MORL is linked to the monthly compounded 2x leveraged performance of the Market Vectors(R) Global Mortgage REITs Index (the “Index”), reduced by investor fees.
MORL Profile
Income Potential Variable monthly coupon linked to 2 times the cash distributions, if any, of the Index constituents, less any withholding taxes
2x Index Yield* 24.82%
Underlying Index Market Vectors(R)Global Mortgage REITs Index
Leverage 2x Leverage with Monthly Reset
Based on 2 times the Index dividend yield calculated as of September 30, 2012 by Market Vectors. Investors are not guaranteed any coupon or distribution.
Fink says ETF price war a 'myth'
October 17, 2012--Larry Fink, chief executive of BlackRock, dismissed talk of a price war among exchange traded fund providers as the world's largest fund manager announced third quarter results on Wednesday.
“There is no price war. We have to move on from this myth about a price war,” said Mr Fink.
