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CFTC to Hold Public Meeting to Examine Futures and Options Trading in the Metals Markets
February 23, 2010--United States Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler today announced that the agency will hold a public meeting on March 25, 2010, to examine the trading of futures and options in the precious and base metals markets.
The meeting will be open to the public and will be webcast via the Internet. In addition, audio of the meeting will be available via a listen-only conference call.
“This month’s meeting will be part of our ongoing look into how the Commission regulates futures and options markets on commodities of finite supply,” Chairman Gensler said. “Our July and August hearings on energy futures and options markets were very informative. We look forward to again hearing from interested members of the public on the important metals markets.”
The meeting participants and a call-in information will be announced in the coming weeks.
What: Open Meeting to Examine Metals Futures and Options Markets
Where: CFTC Hearing Room, 1155 21st Street, NW, Washington, DC
When:Thursday, March 25, 2010
9:00 am EST
Source: CFTC.gov
Emerging Markets Week in Review-2/15/2010 - 2/19/2010
Febuary 21, 2010--The Dow Jones Emerging Markets Composite Index gained 1.92% last week as commodity prices climbed and concerns about several EU nation's fiscal problems eased.
Consumer Goods gained 3.13% and Technology, the only positive sector YTD, was up 2.89%. Financials and Telecom, the worst performers last week, were up 0.38% and 0.18% respectively. Investors will be watching Fed Chairman Ben Bernanke this week as signs that a recovery in the US will spark increases in interest rates.
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Source: Emerging Global Advisors
Credit Suisse Long/Short Liquid Index (Net) ETN Lists on NYSE Arca
February 22, 2010 –- NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading a new Exchanged Traded Note (ETN) linked to the Credit Suisse Long/Short Liquid Index (Net)(Ticker: CSLS). The ETN is sponsored by Credit Suisse AG.
The ETNs are medium-term notes of Credit Suisse AG, the return on which is linked to the performance of the Credit Suisse Long/Short Liquid Index (Net) (the “Index”), created by Credit Suisse Alternative Capital, Inc., as index sponsor. The level of the Index reflects the return of a dynamic basket of various market measures (the “Market Factors”) and is designed to correlate to the historical performance of the Credit Suisse Tremont Long/Short Equity Hedge Fund Index by tracking the performance of non-hedge fund, transparent market measures such as the Market Factors.
Source: NYSE Euronext
State Street files with the SEC
February 22, 2010--SPDRs Trust has filed an post-effective amendment, registration statement with the SEC.
view filing
Source: SEC.gov
ALPS files with the SEC
February 22, 2010--Alps files a registation statement with the SEC for
Cohen & Steers Global Realty Majors ETF(GRI)
view filing
Source: SEC.gov
Standard & Poor's Announces Review Of S&P/TSX 60 130/30 Strategy Index
February 22, 2010--Standard & Poor's Canadian Index Operations announces the following index changes as a result of the quarterly S&P/TSX 60 130/30 Strategy Index Review. These changes will be effective at the open on Monday, March 1, 2010.
Additions
Symbol: CVE
Issue Name: CENOVUS ENERGY INC
CUSIP: 15135U 10 9
Company additions to and deletions from an S&P index do not in any way reflect an opinion on the investment merits of the company.
Source: Standard & Poors
Legg Mason has filed with the SEC
February 22, 2010--Legg Mason has filed for exemptive relief with the SEC.
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Source: SEC.gov
Standard & Poor's Announces Changes In The S&P/TSX Canadian Indices
February 22, 2010--The shareholders of International Royalty Corporation (TSX:IRC) have approved the plan of arrangement with Royal Gold, Inc. (TSX:RGL) whereby the shares of the company will be exchanged for cash and shares of Royal Gold.
International Royalty will be removed from the S&P/TSX SmallCap and Equity SmallCap Indices after the close of Thursday, February 25, 2010.
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
Trends and Firms in the Prime Services Market, 2010
Prime services providers are entering a growth phase in which the main goal is to increase sales and become the provider of choice.
February 22, 2010--A new report from Aite Group, LLC looks at the prime services business. Based on Aite Group interviews with more than 15 prime services providers, the report sheds light on how these firms view their business, and profiles seven leading prime service providers.
The business of prime brokerage is in a state of transition. The hedge fund industry is seeking to regain its ground, having lost US$400 billion in assets from its 2007 high. Leading prime brokers - Lehman, Bear Stearns, and Merrill Lynch - have either vanished or been absorbed, there's been a re-shuffling of the leader board, and the large investment banks have suffered balance sheet losses. The proliferation of mini-primes over the last few years has produced a variety of firms serving the small end of the prime brokerage market. At this juncture, prime services firms are experiencing the natural progression of the product life cycle; having passed through the introduction phase, they are shifting firmly into the growth phase, where their main goal is to increase sales and become the provider of choice for prospective clients. New players - established firms - are entering the market aggressively.
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Source: Aite Group
Invesco PowerShares Capital Management LLC Lists PowerShares CEF Income Composite Portfolio on NYSE Arca
February 19, 2010--NYSE Euronext (NYX) announced that its wholly-owned subsidiary, NYSE Arca, today began trading the PowerShares CEF Income Composite Portfolio(Ticker: PCEF). The ETF is sponsored by Invesco PowerShares Capital Management LLC and is the first ETF to hold closed end funds.
The Fund seeks investment results that correspond (before fees and expenses) generally to the price and yield performance of the index called the S-Network Composite Closed-End Fund IndexSM, which tracks the overall performance of a global universe of U.S.-listed closed-end funds that are organized under the laws of the United States selected by S-Network Global Indexes LLC.
Approximately 99% of the closed-end funds comprising the S-Network Composite Closed-End Fund IndexSM are listed on either NYSE or NYSE Amex.
Source: NYSE Euronext