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ISE Reports Monthly Volume for February 2010
March 1, 2010--The International Securities Exchange (ISE) today reported
average daily volume of 3.1 million contracts in February 2010.
Average daily trading volume for all options contracts decreased 17.4% to 3.1 million contracts in
February as compared to 3.8 million contracts during the same period in 2009. Total options
volume for the month decreased 17.4% to 59.8 million contracts from 72.5 million contracts in the
same year-ago period.
On a year-to-date basis, average daily trading volume of all options decreased 7.7% to 3.4 million
contracts traded. Total year-to-date options volume through February 2010 decreased 10.0% to
131.1 million contracts from 145.7 million contracts in the same period last year.
view report
Source: ISE
Direxion files with the SEC
March 1, 2010--Dierxion has filed a post effevtive amendment, registration statement with the SEC for
read more
Source: SEC.gov
Rydex files with SEC
March 1, Rydex has filed a post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
State Street Global Advisors Announces Name Change for Dow Diamonds
March 1, 2010--State Street Global Advisors (SSgA), the investment management business of State Street Corporation /quotes/comstock/13*!stt/quotes/nls/stt (STT 44.85, -0.12, -0.27%) , today announced that effective February 26, 2010, the name of the Dow Diamonds ETF (DIA) will change to SPDR(R) Dow Jones Industrial Average ETF to better reflect the firm's unified brand. No changes are being made to the fund's investment objective or ticker symbol. However, the CUSIP has changed from 252787106 to 78467X109.
Launched on January 14, 1998, SPDR Dow Jones Industrial Average ETF seeks to provide investment results that, before expenses, track the price and yield performance of the Dow Jones Industrial Average, an index of 30 blue-chip U.S. stocks. As of January 29, 2010, assets under management in the exchange traded fund totaled approximately $8 billion.
State Street Global Advisors is one of the largest ETF providers globally with assets under management for SPDR ETFs totaling more than $204 billion as of December 31, 2009.
State Street Global Advisors
Remarks of Chairman Gary Gensler, Over-the-Counter Derivatives Reform, Institute of International Bankers Washington Conference
March 1, 2010 --Good afternoon. I thank the Institute of International Bankers for inviting me to speak today at your Annual Washington Conference.
The 2008 financial crisis was global in nature and requires a comprehensive, international response. That response must include regulatory reform of the over-the-counter derivatives marketplace.
Though there was no single cause of the 2008 financial crisis, it reminded us of the risks that the over-the-counter derivatives marketplace can have on the global economy. Derivatives that are meant to manage and lower risk actually concentrated and heightened risk.
Lowering Risk through Central Clearing Regulation of the over-the-counter markets must include three critical components of reform. First, we must explicitly regulate derivatives dealers to lower risk. This includes establishing capital and margin requirements, business conduct standards and recordkeeping and reporting requirements. Second, we must bring transparency to the derivatives marketplace by moving standardized derivatives onto regulated exchanges and other trading facilities. This will lower risk to the economy by making it easier to price over-the-counter derivatives. Third, we must reduce interconnectedness in the economy by moving standardized derivatives into central clearinghouses. This afternoon, I will focus my remarks on the benefits that centralized clearing will have for the marketplace, the economy and the American public.
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Source: CFTC.gov
Table on Major Foreign Holders of U.S. Treasury Securities was revised on February 26 ,2010
February 26, 2010--The table on Major Foreign Holders of U.S. Treasury Securities was revised on February 26, 2010.
view table
Source: U.S. Department of the Treasury.
FY 2009 - Financial Report of the United States Government
February 26, 2010--The U.S. Department of the Treasury and the Office of Management and Budget today released the Fiscal Year (FY) 2009 Financial Report of the United States Government (Report). The Report details the U.S. Government's current financial position, as well as its short-term and long-term financial outlook, complementing the President's Budget released earlier this month.
This year's Report gives particular emphasis to two key issues: the Government's ongoing efforts to jump-start the economy and create jobs, and the need to achieve fiscal sustainability over the medium and long term. The report is prepared pursuant to Federal accounting standards.
view the 2009 Financial Report of the United States Government
Source: U.S. Department of the Treasury
BATS Options Goes Live - Kansas City-Based US Equity Options Exchange Begins Rollout Schedule
February 26, 2010--BATS Global Markets, an innovative global financial markets technology company, announces today’s much anticipated launch of the BATS Options exchange for trading US equity options.
BATS Options kicks off with live trading in options on 18 underlying securities, including cash equities and ETFs. The rollout of more than 6,400 underlying symbols will be completed by the 17th of May.
“Today marks a tremendous milestone for BATS with the launch of BATS Options,” said Joe Ratterman, CEO of BATS Global Markets and BATS Exchange. “We look forward to injecting competition into the US options markets just as we have in US and European equities -- with superior technology, pricing leadership and outstanding service.
“Also, of course, we are thankful to our members, investors and supporters in the industry who continue to play such significant roles in helping us to Make Markets Better. Special recognition goes to all of our BATS employees for their tremendous efforts toward a successful launch. I am very pleased to say that, thanks to our outstanding team, BATS was able deliver on its aggressive go-live schedule, well ahead of what most outside observers expected was even possible,” he said.
Jeromee Johnson, vice president, market development, who has spearheaded the options program, said “The response from the industry has been overwhelmingly positive, and we are thrilled to have more than 30 member firms already approved for options trading with more eager to complete the membership process. We are excited about the opportunity in front of us and look forward to bringing greater efficiency to options market participants.”
The complete rollout schedule is available at http://www.batsoptions.com
Source: BATS
Standard & Poor's Announces Changes In The S&P/TSX Venture Composite Index
February 26, 2010--Standard & Poor's will make the following changes in the S&P/TSX Venture Composite Index after the close of trading on Friday, February 26, 2010:
GuestLogix Inc. (TSXVN:GXI) will be removed from the index.
The company will graduate to TSX where it will trade under the same ticker symbol.
Company additions to and deletions from an S&P equity index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poors
Preliminary Report On Foreign Holdings Of U.S. Securities At End-June 2009
January 26, 2010--The U.S. Department of the Treasury today released preliminary data from a survey of foreign portfolio holdings of U.S. securities at end-June 2009 at (http://www.treas.gov/tic/fpis.html). A revised table on Major Foreign Holders of Treasury Securities, where estimates through end-December 2009 are based in part on survey data, is also available at (http://www.treas.gov/tic/ticsec2.html, on line 1 of Part A).
Final survey results, which will include additional detail as well as possible revisions to the preliminary data, will be reported on April 30, 2010. The survey was undertaken jointly by the U.S. Treasury, the Federal Reserve Bank of New York, and the Board of Governors of the Federal Reserve System. The next survey will be for end-June 2010 and preliminary data are expected to be released by February 28, 2011.
Complementary surveys measuring U.S. holdings of foreign securities are also carried out annually. Data from the most recent survey, reporting on securities held on year-end 2009, are currently being processed. Preliminary results are expected to be reported by August 31, 2010.
Overall Preliminary Results
The survey measured foreign holdings of U.S. securities as of June 30, 2009, to be $9,693 billion, with $2,246 billion held in U.S. equities, $6,297 billion in U.S. long-term debt securities1 (of which $1,250 billion are holdings of asset-backed securities (ABS) 2 and $5,047 billion are holdings of non-ABS securities), and $1,150 billion held in U.S. short-term debt securities. The previous survey, conducted as of June 30, 2008, measured total foreign holdings of U.S. securities at $10,322 billion, with holdings of $2,969 billion in U.S. equities, $6,494 billion in U.S. long-term debt securities, and $858 billion in U.S. short-term debt securities (see Table 1).
View the Preliminary Report on the survey of Foreign Portfolio Holdings of U.S. Securities at End-June 2009.
Source: U.S. Department of the Treasury