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U.S. Department of the Treasury Economic Statistics - Monthly Data Update
April 26, 2010--U.S. Department of the Treasury Economic Statistics - Monthly Data Update is now available.
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Source: U.S. Department of the Treasury
Green Exchange LLC Crosses Major Milestone: Files For Status As Independent Exchange
April 26, 2010--Green Exchange LLC announced today that it has formally submitted its application to the Commodity Futures Trading Commission (CFTC) for designated contract market (DCM) status. If approved, this designation will allow Green Exchange to operate as a stand-alone entity and to list futures and options contracts for the trading of environmental derivative products under CFTC regulation and oversight. The environmental products that Green Exchange intends to list initially are currently listed, traded and subject to the rules and regulations of the New York Mercantile Exchange (NYMEX).
"This milestone marks the first step in our move to operate an independent futures and options market," said Tom Lewis, Green Exchange LLC Chief Executive Officer. “Once a DCM, the futures and options contracts currently traded on NYMEX will be seamlessly migrated to Green Exchange enabling customers to continue to benefit from the same screen-trading access through CME Globex® as well as the safeguards of the CME Clearinghouse.”
Nancy King, Chairperson of the Board of Green Exchange LLC, added, “Once Green Exchange is granted designation by the CFTC, our customers can be confident that their transactions on the exchange will be subject to a very high level of oversight. Attaining this level of regulation is consistent with the business goals of Green Exchange Venture as it strives to achieve the gold standard in all areas of operation.”
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Source: Mondovisione
Emerging Markets Week in Review-4/19/2010 - 4/23/2010
April 26, 2010--The Dow Jones Emerging Markets Composite Index declined 0.80% last week as fiscal problems in Europe and charges against Goldman Sachs overshadowed positive data supporting a global economic recovery. Industrials and Consumer Goods were the best performers for the week, gaining 1.57% and 1.21% respectively.
Materials and Financials led the decline, down 2.4% and 1.47% respectively, but remain positive for the year along with all other sectors.
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Source: Emerging Global Advisors
ISE Extends Trading Hours for its ISE FX Options® Products
April 26, 2010--The International Securities Exchange (ISE) today announced that it will extend
trading hours for all products in its suite of ISE FX Options®. Beginning on April 30, 2010, trading in ISE’s
currency options will open at 7:30 a.m. Eastern Time. Trading will close at 4:15 p.m.
“We are very excited to extend the trading hours in our FX options products,” said Kris Monaco, Director of New Product Development at ISE. “By opening our market two hours earlier, we will be able to attract participants who
are active in the foreign exchange markets prior to ISE’s current 9:30 a.m. opening time. The extended hours will
appeal to a broader range of foreign exchange traders, especially from the UK and other countries in Western
Europe, and ISE’s FX options products will benefit from additional liquidity during peak FX trading hours.”
ISE currently lists FX options on ten currency pairs. The USD-based, or “per US$,” currency convention is available for all ten pairs and allows investors to express their views on the strength or weakness of the U.S. dollar relative to global currencies while adopting the trading strategies they currently use for equity and index options. The “in US$” currency convention, which is the inverse of the USD-based convention, is the traditional convention used in the FX spot market and is available on four currency pairs.
As exchange-listed securities, ISE FX Options can be easily accessed through most major brokerage accounts that are approved for trading equity and index options. These products are cash-settled and have European style exercise.
For more information about ISE FX Options, please visit www.ise.com/fx. For breaking news, trading
and educational tools, as well as market commentary and analysis on FX options, please visit
www.fxoptions.com, ISE’s online trader community exclusively dedicated to FX options.
Source: International Securities Exchange (ISE)
BNY Mellon to use ESG data to pick winners
US banking giant in shift towards ESG
April 26, 2010--US asset management and custody giant BNY Mellon says it plans to use environmental, social and governance data to help it identify companies that will outperform in the future.
“In 2010, we will be looking at ways that ESG data can be used not just from a prohibitive perspective, but also to help identify companies that will outperform in the future, based on their environmental or social responsibility,” the company said.
The bank said that “historically, fiduciary responsibility such as the role performed by investment committees and trustees has often been defined exclusively in financial terms, such as maximizing returns to provide for retired employees”. But it recognised a “growing discussion that the way in which those returns are achieved is just as important”.
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Source: Responsible Investor
Republicans delay financial reform bill
April 26, 2010--Republicans delayed a financial regulatory bill on Monday, sending senators back to the negotiating table where they will try to thrash out a deal and consider new criticism from the Federal Reserve.
President Barack Obama said he was “deeply disappointed” by the Senate vote in which Ben Nelson, the Democratic senator from Nebraska, joined all 39 Republican senators present to oppose a procedural motion to move forward with the landmark bill.
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Source: FT.com
Jefferies files with the SEC
April 23, 2010--Jeffrries has filed a FORM S-1 Registration Statement with the SEC for
JEFFERIES S&P 500 VIX SHORT-TERM FUTURES ETF
NYSE Ticker: VIXX.
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Source: SEC.gov
ETF Securities has filed an amended S-1 registration statement
April 23, 2010--ETF Securities has filed an amended S-1 registration satement for
ETFS Platinum Trust
ETFS PALLADIUM TRUST
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Source: SEC.gov
ETF Securities files with the SEC
April 23, 2010--ETF Securities has filed an amended S-1 registration statement for
ETFS Platinum Trust
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Source: SEC.gov
BMO launches ETF-based portfolio funds for the advisor market
April 26, 2010--BMO Financial Group today added a new dimension to its nearly year-old exchange-traded-funds business by introducing mutual-fund portfolios that will invest in ETFs.
The six newly available funds of funds are branded under the BMO Guardian name and will be sold through advisor-distribution channels with a minimum initial investment of $1,000. Look for similar portfolios to be added before long to the no-load BMO Mutual Funds family.
Though the prospectus does not specify which ETFs will be held in the fund portfolios, they are likely to invest primarily if not exclusively in BMO ETFs. BMO Financial Group launched its first four Toronto Stock Exchange-listed funds in June 2009, and since then has expanded to 22 ETFs covering a broad range of core and specialty asset classes.
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Source: Toronto Star