Americas ETP News
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ETSpreads files with the SEC
May 18, 2010--ETSpreads has filed for exemptive relief with the SEC. The Markit iBoxx TIPS Inflation-Linked 5-10 Index will be the Underlying Index on which the Initial Fund will be based.
view filing
Source: SEC.gov
Claymore files with the SEC for 3 BulletShares ETFs
May 18, 2010--Claymore has filed a registration statement with the SEC for
Claymore BulletShares
2018 Corporate Bond ETF
NYSE Arca ticker symbol: BSCJ
Claymore BulletShares
2019 Corporate Bond ETF
NYSE Arca ticker symbol: BSCK
Claymore BulletShares
2020 Corporate Bond ETF
NYSE Arca ticker symbol: BSCM
read more
Source: SEC.gov
Claymore files with the SEC for 7 Claymore BulletShares ETFs
May 18, 2010--Claymore has filed a registration statement with the SEC for
Claymore BulletShares 2011
Corporate Bond ETF
NYSE Arca ticker symbol: BSCB
Claymore BulletShares 2012
Corporate Bond ETF
NYSE Arca ticker symbol: BSCC
Claymore BulletShares 2013
Corporate Bond ETF
NYSE Arca ticker symbol: BSCD
Claymore BulletShares 2014
Corporate Bond ETF
NYSE Arca ticker symbol: BSCE
Claymore BulletShares 2015
Corporate Bond ETF
NYSE Arca ticker symbol: BSCF
Claymore BulletShares 2016
Corporate Bond ETF
NYSE Arca ticker symbol: BSCG
Claymore BulletShares 2017
Corporate Bond ETF
NYSE Arca ticker symbol: BSCH
view filing
Source: SEC.gov
The American Power Act
May 18, 2010--The American Power Act will transform our economy, set us on the path toward energy independence and improve the quality of the air we breathe. It will create millions of good jobs that cannot be shipped abroad and it will launch America into a position of leadership in the global clean energy economy.
Our approach sets an achievable national pollution reduction target and refunds the money raised right back to American consumers and American businesses. This is not a plan that enriches Wall Street speculators. And this is certainly not a plan to grow the government. It is a plan that creates jobs and sets us on a course toward energy independence and economic resurgence. It is time for Democrats, Republicans and Independents to come together to pass legislation that will create American jobs and achieve energy security, while reducing carbon pollution by 17 percent in 2020 and by over 80 percent in 2050.
This bill is supported by a wide and deep coalition of business leaders, environmentalists, political leaders and others.
view the bill
Source: Online News
CFTC/SEC Staff Release Preliminary Joint Findings on May 6 Unusual Market Events
May 18, 2010-The staffs of the Commodity Futures Trading Commission (CFTC) and Securities and Exchange Commission (SEC) today released preliminary findings related to the unusual market events on May 6, 2010.
The Preliminary Findings Regarding the Market Events of May 6, 2010-Report of the Staffs of the CFTC and SEC to the Joint Advisory Committee on Emerging Regulatory Issues report is available online.
Source: CFTC.gov
Remarks of Chairman Gary Gensler, Over-the-Counter Derivatives Reform, Association for Financial Professionals’, Global Corporate Treasurers Forum, Washington, D.C.
May 18, 2010--Good morning. I thank the Association for Financial Professionals for inviting me to speak this morning on financial regulatory reform and, in particular, the efforts to bring comprehensive regulatory reform to the over-the-counter derivatives marketplace. This marketplace was at the center of the 2008 financial crisis. It is essential that we work to lower risk and increase transparency in the OTC marketplace to protect the American public and lower the risk of a future taxpayer-funded bailout.
Reform of the over-the-counter derivatives marketplace is important to all of the corporations you represent, as well as to your employees and your customers. Regulatory reform will lower risk that a bank’s failure could have significant implications for you, and it will help you to secure better pricing on derivatives as you hedge your commercial risk. This morning I will address the key components of reform and their importance to your respective industries.
Futures
Derivatives have been around for a long time. In fact, they have traded since the Civil War, when grain merchants came together to hedge the risk of changes in the price corn, wheat and other grains on a central exchange. These derivatives are called futures. Many of you may already use the futures marketplace to hedge your business risk.
read more
Source: CFTC.gov
Grail files with the SEC
May 17, 2010--Grail Advisors has filed a registration statement with the SEC for
Grail Western Asset Enhanced Liquidity ETF. It is an actively managed ETF.
Investment Strategies
The ETF invests, under normal circumstances, primarily in short-term, investment grade fixed income securities. The ETF will typically invest in money market securities and short-term debt securities, including U.S. treasuries and agencies, corporate and bank obligations, asset backed and mortgage backed instruments, commercial paper and other highly rated, short maturity securities.
Net Annual Operating Expenses:0.30%
view filing
Source: SEC.gov
ELX Futures Releases Simple Two-Tier Fee Schedule For Eurodollar Futures Contracts - ELX Futures To Launch Eurodollar Futures On June 18, 2010 - Fees Will Be Waived Until July 1, 2010
May 17, 2010--ELX Futures, L.P. (ELX Futures), a fully electronic futures exchange, announced today that it has released its simplified two-tier fee schedule, including exchange and clearing fees, at lower prices than most available fees. ELX will launch its Eurodollar Futures contract on Friday, June 18, 2010, and fees will be waived for market participants until July 1, 2010. The Eurodollar Futures contract will join ELX’s suite of U.S. Treasury Futures products already trading.
ELX Futures will have a $0.18/contract bundled fee (clearing and exchange fees) for users with Average Daily Volume above 1,200 contracts. For low volume users at or below 1,200 contracts of Average Daily Volume, the bundled fee is $0.35/contract. ELX’s Eurodollar Futures fee schedule will represent a reduction in costs for most market participants.
To support institutional trading needs and ensure that investors are able to execute large volume trades at a fair and reasonable price without creating undesirable volatility in the marketplace, ELX Futures will allow block trades to be submitted meeting the minimum quantity of 500 contracts.
Other advantages of the ELX Futures fee schedule are: (1) a simple no-cost registration process without traditional membership obligations; (2) operational simplicity of only two fee tiers and (3) no fee surcharges for block trades, EFRPs, errors or give-ups.
Neal Wolkoff, Chief Executive Officer of ELX Futures, said, “ELX Futures is pleased to introduce its simple, two-tier Eurodollar Futures fee schedule that will provide a cost savings for most users. Offering state-of-the-art technology and turnaround times below 5 milliseconds, ELX is determined to drive competition and diversity in a consolidated environment of interest rate futures trading.”
Source: ELX Futures
International Securities Exchange Receives Four Financial Communications Society Awards For Regulatory Reform Campaign
May 17, 2010--The International Securities Exchange (ISE) received four awards at the 16th
Annual Financial Communications Society (FCS) Portfolio Awards, a prestigious financial services industry
advertising competition
ISE’s 2009 Regulatory Reform ad campaign, “Starting the Conversation for the Future,” received bronze awards
in the Print, Website, Interactive Media and Campaign categories. Created by INC Design, ISE’s regulatory
reform campaign appeared in both print and online editions of major financial industry and policy-oriented
publications in the spring and summer of 2009.
“We would like to thank the outstanding creative team at INC Design for collaborating with ISE on this important initiative to deliver another award-winning ad campaign,” said Bruce Goldberg, Chief Marketing Officer at ISE.
“The prestigious FCS Portfolio Awards recognize creative excellence in financial services communications among the most influential organizations in the industry.”
ISE’s regulatory reform campaign, including its Proposal for Regulatory Reform for the U.S. Financial Markets,
can be viewed at www.ise.com/regulatoryreform.
Source: International Securities Exchange (ISE)
U.S. financial accounts with foreigners {excludes direct investment}
May 17, 2010--Treasury International Capital System (TIC) Homepage for U.S. Department of the Treasury. This information has recently been updated, and is now available.
view more
Source: U.S. Department of the Treasury.
