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Invesco PowerShares will list nine new Exchange Traded Funds (ETFs) on the NASDAQ Stock Market:
April 6, 2010--Invesco PowerShares will list nine new Exchange Traded Funds (ETFs) on the NASDAQ Stock Market:
PowerShares S&P SmallCap Consumer Discretionary Portfolio (Nasdaq:XLYS)
PowerShares S&P SmallCap Consumer Staples Portfolio (Nasdaq:XLPS)
PowerShares S&P SmallCap Energy Portfolio (Nasdaq:XLES)
PowerShares S&P SmallCap Financials Portfolio (Nasdaq:XLFS)
PowerShares S&P SmallCap Health Care Portfolio (Nasdaq:XLVS)
PowerShares S&P SmallCap Industrials Portfolio (Nasdaq:XLIS)
PowerShares S&P SmallCap Information Technology Portfolio (Nasdaq:XLKS)
PowerShares S&P SmallCap Materials Portfolio (Nasdaq:XLBS)
PowerShares S&P SmallCap Utilities Portfolio (Nasdaq:XLUS)
Source:NASDAQ OMX
Old Mutual Global Index Trackers introduces Three New ETFs today
April 6, 2010--Old Mutual Global Index Trackers introduced three ETFs today. The GlobalShares FTSE All Cap Asia Pacific ex Japan Fund (GSZ), GlobalShares FTSE All-World ex US Fund (GSO) and GlobalShares FTSE All-World Fund (GSW) all began trading on the NYSE Arca exchange today.
GlobalShares FTSE All-World ex US Fund ETF (GSO) seeks investment results that correspond (before fees and expenses) generally to the performance of the equity index called the FTSE All-World ex US Index. GSO targets publicly traded companies in 46 different countries outside the US. The fund includes exposure to stocks in both developed and emerging market countries. GSO’s underlying index holds around 2,200 stocks.
GlobalShares FTSE All-Cap Asia Pacific ex Japan Fund ETF (GSZ) seeks investment results that correspond (before fees and expenses) generally to the performance of the equity index called the FTSE All Cap Asia Pacific ex Japan Index. GSZ focuses on equity exposure to Asia Pacific nations such as China, India, Indonesia, South Korea, Singapore and Thailand. The fund holds around 500 stocks of all market sizes, including large, mid and small cap.
GlobalShares FTSE All-World Fund ETF (GSW) this coming Tuesday, April 6. The Fund seeks investment results that correspond (before fees and expenses) generally to the performance of the equity index called the FTSE All-World Index. GSW follows the FTSE All-World Index, which aims to measure the performance of large and mid-cap companies located in developed and emerging market countries throughout the world. The index is market capitalization weighted and free-float adjusted.
Source: Exchangetradedfunds.com
U.S. Treasury and India’s Ministry of Finance Launch Historic U.S.-India Economic and Financial Partnership
April 6, 2010--U.S. Secretary of the Treasury Tim Geithner and Indian Finance Minister Pranab Mukherjee today launched the U.S.-India Economic and Financial Partnership to strengthen bilateral engagement and understanding on macroeconomic, financial sector and infrastructure-related issues. The Partnership's launch affirmed the commitment of the U.S. and India to cooperate on economic and financial issues – both important in addressing shared challenges and achieving shared goals in this century.
"This Partnership creates a framework that is commensurate with the growing importance of our economic relationship and the significant business and cultural ties that already exist between our two nations," said Secretary Geithner. "Deepening our ties with India is critical to the broader global effort to develop a framework for a strong, sustainable and balanced growth and will facilitate more trade, investment and job creation in our two countries."
"India and the United States are bound by common values of democracy, market economies and pluralism," said Minister Mukherjee. "I am confident that this Partnership launch will unleash the energy and enterprise of people. It will make the relationship between two nations more vibrant and also help address global challenges."
The newly-launched dialogue will encompass discussions of economic developments in both countries as well as bilateral policy actions in the broader context of the G-20 commitment to strong, sustainable and balanced growth. The ministers agreed that they, and their senior officials, will continue to consult closely on topics of mutual interest and concern.
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Source: U.S. Department of the Treasury.
NASDAQ OMX Begins Options Trading on Its Internet Index
April 6, 2010--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) today announced the launch of options trading on the NASDAQ Internet IndexSM (Nasdaq:QNET) which is designed to track the performance of the largest and most liquid U.S.-listed companies engaged in internet-related businesses that are listed on the NASDAQ Stock Market, the New York Stock Exchange (NYSE) or NYSE Amex. Options trading on the NASDAQ Internet Index began on March 24, 2010 on NASDAQ OMX PHLX. Susquehanna Securities is the specialist for this new product.
"Investors now have the ability to trade options on an index that tracks the performance of some of the most innovative internet companies," said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. "This gives investors additional flexibility to tailor their trading strategies to their individual needs."
"Susquehanna Securities is a world-class market maker and acts as a critical provider of liquidity in several PHLX index options," said Thomas Wittman, President of NASDAQ OMX PHLX, Inc. "With the participation of Susquehanna Securities, we will be able to offer to the investing public a highly liquid, efficient vehicle to trade the hyper-evolving internet businesses."
The NASDAQ Internet Index is a key benchmark to track the performance of innovative companies that have stimulated one of the most rapidly evolving businesses. The Index includes companies engaged in a broad range of internet-related services including, but not limited to internet software, internet access providers, internet search engines, web hosting, website design, and internet retail commerce. The NASDAQ Internet Index provides these companies with greater visibility and access to a large pool of options investors worldwide. The Index underscores NASDAQ OMX's commitment to designing and calculating relevant world-class indexes.
The NASDAQ Internet Index is calculated in real-time across the combined exchanges and is disseminated in dollars. The index began calculation with a value of 150.00 on November 27, 2007. For more information about the NASDAQ Internet Index, including the list of component companies, visit https://indexes.nasdaqomx.com/Data.aspx?IndexSymbol=QNET.
NASDAQ OMX is a global leader in creating and licensing strategy indexes and is home to the most widely watched indexes in the world.
As a premier, full-service provider, the NASDAQ OMX Global Index Group is dedicated to designing powerful indexes that are in sync with a continually changing market environment. Utilizing its expanded coverage as a global company, NASDAQ OMX has more than 1,400 diverse equity, commodity and fixed-income indexes in the U.S., Europe, and throughout the world.
NASDAQ OMX's calculation, licensing and marketing support provide the tools to measure and replicate global markets. The NASDAQ OMX Global Index Group's range of services covers the entire business process from index design to calculation and dissemination. For more information about NASDAQ OMX indexes, visit https://indexes.nasdaqomx.com/.
Access to historical index data for NASDAQ OMX indexes can be accessed from a single source, NASDAQ OMX Global Index Watch. For additional information, please visit https://indexes.nasdaqomx.com/indexwatch.aspx.
Source: NASDAQ OMX
Van Eck files with the SEC
April 5, 2010--Van Eck has filed a registation statement with the SEC for
Market Vectors India Small-Cap Index ETF.
Ticker: SCIF
The expense ratio: 0.90%
view filing
Source: SEC.gov
Banks urged to rethink OTC trading
April 5, 2010--The world’s biggest banks will have to get used to making less money trading over-the-counter derivatives if regulators are to succeed in reducing risk in the opaque markets, the head of the world’s biggest futures brokerage has warned.
In an interview with the Financial Times, Patrice Blanc, chief executive of Newedge, said efforts to move OTC derivatives – seen by many as exacerbating the financial crisis – to central clearing houses would only succeed if the banks, that are the biggest dealers, ceded some of the profits of the business to clearing.
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Source: FT.com
US Treasury's bail-out profits top $10bn
April 5, 2010--The US government has made more than $10bn so far on banks’ repayments of bail-out funds, according to a new analysis that suggests taxpayers might turn a profit on the unprecedented help extended to the financial sector during the crisis.
Goldman Sachs and American Express played a large role in boosting the US Treasury’s coffers by agreeing to pay a favourable price for the warrants received in return for the aid, the study by the consultancy SNL Financial shows.
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Source: FT.com
Emerging Markets Week in Review-3/29/2010 - 4/2/2010
April 5, 2010--The Dow Jones Emerging Markets Composite Index had one of its best weeks of 2010, climbing 4.46% last week and moved into positive territory for the year. Materials and Financials led all sectors, up 6.25% and 5.54% respectively. Technology, one of the best performing sectors in 2010 was the only negative sector last week, down 0.17%.
Health Care continues to lead all sectors for the year, up 9.26%.
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Source: Emerging Global Advisors
NYSE Euronext’s U.S. Options Exchanges Announce New Pricing And Fee
April 5, 2010--NYSE Euronext’s U.S. options exchanges, NYSE Arca and NYSE Amex options, announced new rate changes for each market center that became effective April 1, 2010. NYSE Arca options is introducing higher posting credits in premium tier products, tiered customer rebates in non-premium penny pilot issues and a reduction in the LMM rights fees. NYSE Amex options is introducing a reduced electronic broker dealer rate, a reduced electronic firm rate, tiered pricing for firm proprietary manual trades and the implementation of the Professional Customer designation.
“We are always focused on building our business by providing our valued customers with greater efficiencies and enhanced incentives to trade on our options exchanges,” said Edward Boyle, Executive Vice President, NYSE Euronext U.S. Options. “These pricing adjustments, combined with our other competitive advantages, are designed to retain and attract additional order flow. NYSE Arca and NYSE Amex options are committed to maintaining our leadership position in U.S. equity options trading and these important pricing changes are one key piece of our evolving value proposition to customers.”
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Source: NYSE Euronext
BNY Mellon ADR Index Monthly Performance Review is Now Available
April 5, 2010--BNY Mellon ADR Index Monthly Performance Review is Now Available.
view report
Source: BNY Mellon