Americas ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
IndexIQ Australia Small-Cap ETF Debuts On Tuesday
March 22, 2010--IndexIQ will introduce its IQ Australia Small Cap ETF tomorrow under the ticker "KROO." KROO the performance of the IQ Australia Small Cap Index.
To be included in the ETF, companies must be based in Australia, trade on an Australian exchanges and have a minimum market cap of $150 million for the past 90 days. Other requirements include minimum average daily trading volume of at least $1 million for the prior 90 days and average monthly volume of at least 250,000 shares.
ISE Launches Enhanced Risk Management Tools for Exchange Members
March 22, 2010--The International Securities Exchange (ISE) today announced that it has
enhanced the risk management tools available to its options exchange members connecting via FIX. ISE’s
members can now define hard risk management limits for their own connections and their sponsored access
customers. The enhancements allow members to define the maximum quantity and the maximum notional value
that can be entered on a per order or daily basis.
The new risk management limits are already available through
PrecISE Trade®, ISE’s proprietary front-end trading system. Orders that exceed the pre-defined limits will be
rejected in both platforms.
“ISE’s new risk management limits give our members increased control over the orders that can be sent into the exchange, improving their risk management capabilities,” said Boris Ilyevsky, Managing Director of ISE’s options exchange. “Although the SEC has yet to make a determination on rules for sponsored access, we saw a need to proactively enhance the safeguards available to our member firms to complement existing risk management features for their own orders and for those of sponsored customers.”
ISE’s risk management tools also include order monitoring via PrecISE, FIX Trade Drop Copy Reports and the recently introduced FIX Order Drop Copy Feed, which allows exchange members to monitor firm and sponsored customer activity in real time. These reports are available for orders routed through PrecISE, FIX and API connections.
For more information about ISE’s risk management tools, please contact Business Development at
bizdev@ise.com.
CFTC Announces Participants for Public Meeting to Examine Futures and Options Trading in the Metals Markets
March 22, 2010The Commodity Futures Trading Commission (CFTC) today announced the participants for its public meeting to examine the trading of futures and options in the precious and base metals markets. The meeting is scheduled to begin at 9:00 a.m. EDT on Thursday, March 25, 2010, CFTC Hearing Room, 1155 21st Street, NW, Washington, DC.
Reminder: Advanced Registration Requested. The Commission is requesting all individuals interested in attending the metals meeting to register in advance. Please transmit full name and organization represented to metalsmeetingregistration@cftc.gov.
Emerging Markets Week in Review -3/15/2010 - 3/19/2010
March 22, 2010--The Dow Jones Emerging Markets Composite Index had its sixth consecutive weekly increase, gaining 0.57% last week and remains slightly negative for the year. Health Care and Industrials led the way, up 1.50% and 1.26% respectively. Utilities was the only negative sector last week, down 0.75%. Technology, one of the best performing sectors in 2009, continues to lead all sectors in 2010, up 9.21% for the year.
Semi-Annual Changes to the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index
March 22, 2010--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced the results of the semi-annual evaluation of the NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index (Nasdaq:QGRD), which will become effective with the market open today.
The following four securities will be added to the Index: AZZ incorporated (AZZ UN), MYR Group Inc. (MYRG UQ), PowerSecure International, Inc. (POWR UQ), and Prysmian S.p.A. (PRY IM).
The Index is a modified market-capitalization index designed to act as a transparent and liquid benchmark for the smart grid and electric infrastructure sector. The Index includes companies that are primarily engaged and involved in electric grid; electric meters, devices, and networks; energy storage and management; and enabling software used by the smart grid and electric infrastructure sector. The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The Index is evaluated on a semi-annual basis in March and September. For more information about the NASDAQ OMX® Clean Edge® Smart Grid Infrastructure Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
The First Trust NASDAQ® Clean Edge® Smart Grid Infrastructure Index Fund (Nasdaq:GRID), is an exchange traded fund that seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the NASDAQ OMX ® Clean Edge® Smart Grid Infrastructure Index.
Quarterly Changes to the NASDAQ OMX Wilder NASDAQ OMX Global Energy Efficient Transport Index
March 22, 2010-- The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Wilder Transport Index LLC announced the results of the quarterly evaluation of the Wilder NASDAQ OMX Global Energy Efficient Transport Index(SM) (Nasdaq:HAUL), which will become effective with the market open today.
The following three securities will be added to the Index: Capstone Turbine Corporation (CPST UQ), Kuehne + Nagel International AG (KNIN VX), and Westinghouse Air Brake Technologies Corporation (WAB UN).
The Index is a modified equal dollar weighted index designed to track innovative, energy efficient transportation companies, specifically those companies that stand to benefit substantially from a societal transition towards cleaner and improved means of moving goods and people as determined by Wilder Transport Index, LLC ("Wilder, LLC"). The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The Index is evaluated on a quarterly basis. For more information about the Wilder NASDAQ OMX Global Energy Efficient Transport IndexSM, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the evaluation, the following five securities will be removed from the Index: Log-in Logistica Intermodal S.A. (LOGN3 BS), New Flyer Industries Inc. (NFI-U CN), Quantum Fuel Systems Technologies Worldwide, Inc. (QTWW UQ), UQM Technologies, Inc. (UQM UA), and Vossloh AG (VOS GY).
The PowerShares Global Progressive Transportation Portfolio (Nasdaq:PTRP) is an exchange traded fund that seeks investment results that correspond generally to the price and yield, before the Fund's fees and expenses, of the Wilder NASDAQ OMX Global Energy Efficient Transport Index(SM).
Semi-Annual Changes to the NASDAQ OMX Clean Edge Global Wind Energy Index
March 22, 2010--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) and Clean Edge, Inc. announced the results of the semi-annual evaluation of the NASDAQ OMX® Clean Edge® Global Wind Energy Index (Nasdaq:QWND), which will become effective with the market open today.
The following two securities will be added to the Index: China Longyuan Power Group Corporation Limited (916 HK) and Edison International (EIX UN).
The Index is a modified market-capitalization index designed to act as a transparent and liquid benchmark for the global wind energy sector. The Index includes companies that are primarily manufacturers, developers, distributors, installers, and users of energy derived from wind sources. The securities must also meet other eligibility criteria which include minimum requirements for market capitalization and average daily dollar trading volume. The Index is evaluated on a semi-annual basis in March and September. For more information about the NASDAQ OMX Clean Edge Global Wind Energy Index, including detailed eligibility criteria, visit https://indexes.nasdaqomx.com/.
As a result of the evaluation, the following three securities will be removed from the Index: Fersa Energias Renovables, S.A. (FRS SM), Suzlon Energy Limited (SUEL IS), and Theolia SA (TEO FP).
The NASDAQ OMX Clean Edge Global Wind Energy Index is the basis for the PowerShares Global Wind Energy Portfolio (Nasdaq:PWND), which seeks investment results that correspond generally to the price and yield of the NASDAQ OMX Clean Edge Global Wind Energy Index before fees and expenses.
Claymore files with SEC
March 19, 2010--post-effective amendment, registration statement with the SEC for the folowing funds
WILSHIRE LARGE-CAP ETF
WILSHIRE LARGE-CAP GROWTH ETF
WILSHIRE LARGE-CAP VALUE ETF
WILSHIRE MID-CAP ETF
WILSHIRE MID-CAP GROWTH ETF
WILSHIRE MID-CAP VALUE ETF
WILSHIRE SMALL-CAP ETF
WILSHIRE SMALL-CAP GROWTH ETF
WILSHIRE SMALL-CAP VALUE ETF
Claymore files with the SEC
March 19, 2010--Claymore has filed a registration statement, post-effective amendment with the SEC for
Wilshire exUS Real Estate ETF.
view filing
WisdomTree files with the SEC
March 19, 2010--Wisdom Tree has filed post-effective amendment, registration statement with the SEC
WisdomTree Dreyfus Commodity Currency Fund (CCX)
view filing
NYSE Announces Quarterly Changes To The NYSE Family Of Indexes
March 19, 2010--The New York Stock Exchange will make the following changes to the NYSE U.S. 100, NYSE International 100, NYSE TMT and the NYSE World Leaders Indexes, effective Mon., March 22 as a result of quarterly re-balancing.
NYSE U.S. 100 Index (NY.ID):
The U.S. 100 Index reflects the performance of the 100 largest, by market capitalization, NYSE-listed U.S. companies. The index represents more than one-third of the market capitalization of the entire U.S. market.
NYSE International 100 Index (NYI.ID):
The International 100 Index reflects the performance of the 100 largest, by market capitalization, NYSE-listed non-US companies. It is designed to assist investors seeking to track the largest companies outside the U.S. market.
NYSE TMT Index (NYY.ID):
The TMT Index tracks the top 100 NYSE-listed technology, media and telecom stocks. With approximately the same market cap as the Nasdaq 100, the NYSE TMT Index is the first tool to track exclusively the global TMT market with all components priced on the NYSE during U.S. trading hours.
Summary: Restoring American Financial Stability-Chairman Chris Dodd (D-CT)
Create a Sound Economic Foundation to Grow Jobs, Protect Consumers, Rein in Wall Street, End Too Big to Fail,
March 18, 2010--Prevent Another Financial Crisis Two years ago today, Bear Stearns was collapsing. In the time since, Americans have faced the worst financial crisis since the Great Depression. Millions have lost their jobs, businesses have failed, housing prices have dropped, and savings were wiped out. The failures that led to this crisis require bold action. We must restore responsibility and accountability in our financial system to give Americans confidence that there is a system in place that works for and protects them. We must create a sound foundation to grow the economy and create jobs
HIGHLIGHTS OF THE NEW BILL
Consumer Protections with Authority and Independence: Creates a new independent watchdog, housed at the Federal Reserve, with the authority to ensure American consumers get the clear, accurate information they need to shop for mortgages, credit cards, and other financial products, and protect them from hidden fees, abusive terms, and deceptive practices.
Ends Too Big to Fail: Ends the possibility that taxpayers will be asked to write a check to bail out financial firms that threaten the economy by: creating a safe way to liquidate failed financial firms; imposing tough new capital and leverage requirements that make it undesirable to get too big; updating the Fed’s authority to allow system-wide support but no longer prop up individual firms; and establishing rigorous standards and supervision to protect the economy and American consumers, investors and businesses.
Advanced Warning System: Creates a council to identify and address systemic risks posed by large, complex companies, products, and activities before they threaten the stability of the economy.
Transparency & Accountability for Exotic Instruments: Eliminates loopholes that allow risky and abusive practices to go on unnoticed and unregulated - including loopholes for over-the-counter derivatives, asset-backed securities, hedge funds, mortgage brokers and payday lenders.
Federal Bank Supervision: Streamlines bank supervision to create clarity and accountability. Protects the dual banking system that supports community banks.
Executive Compensation and Corporate Governance: Provides shareholders with a say on pay and corporate affairs with a non-binding vote on executive compensation.
Protects Investors: Provides tough new rules for transparency and accountability for credit rating agencies to protect investors and businesses.
Enforces Regulations on the Books: Strengthens oversight and empowers regulators to aggressively pursue financial fraud, conflicts of interest and manipulation of the system that benefit special interests at the expense of American families and businesses.
Restoring American Financila Stability
Remarks of Sen. Chris Dodd -March 16, 2010--Two years ago today, Bear Stearns – a fixture of the American financial system for 75 years – was collapsing.
Six months later to the day – September 15, 2008 – Lehman Brothers filed for bankruptcy.
Today, it is tempting to see those shocking failures as the beginning of the crisis that has claimed millions of jobs, billions of dollars in retirement security, and trillions of dollars in American wealth
But the truth is that those historic collapses weren’t the beginning at all.
The crisis that has led to so much economic carnage in the lives of middle class Americans was caused by the long-standing failure of our regulatory structure to adapt to our changing financial system and prevent the sort of dangerous risk-taking that led us here.
The economic damage that resulted from those failures tears at the very fiber of our middle class.
While some of the most prominent American financial institutions have been destroyed or badly weakened, the far worse damage has been done to millions of American families who did nothing wrong.
A staggering 8.4 million jobs have been lost, and the unemployment rate remains near double digits.
CME Group and Dow Jones & Company Launch Joint Venture of Dow Jones Indexes Business
March 18, 2010--CME Group Inc. (Nasdaq: CME), the world's leading and most diverse derivatives marketplace, and Dow Jones & Company today announced the launch of the new joint venture company, CME Group Index Services LLC. CME Group has a 90 percent ownership interest and Dow Jones has a 10 percent ownership interest in the new company, which continues to do business as Dow Jones Indexes and includes the Dow Jones Industrial Average as well as approximately 130,000 index properties.
"There is an increased demand for index products and services in the marketplace, particularly outside the U.S.," said CME Group Executive Chairman Terry Duffy. "By combining CME Group's resources and expertise in index derivatives trading with Dow Jones' world-class benchmark indices, we will be well positioned to develop and expand our index and market data offerings, fueling growth opportunities across all asset classes."
"We are pleased to announce the completion of our new joint venture with Dow Jones, which will provide us with new growth opportunities across asset classes and around the world," said Craig Donohue, CME Group Chief Executive Officer. "We look forward to building on the strong products and services, as well as client relationships that Dow Jones has developed. Both institutional and retail customers globally rely on Dow Jones' benchmark indexes, particularly the Dow Jones Industrial Average. Together, we expect to create new opportunities for our customers by developing innovative new products and expanding our market data dissemination services to our global network of clients and exchange partners."
Dow Jones & Company will contribute the Dow Jones Indexes business, valued at $675 million, and CME Group will contribute certain market data services, valued at $607.5 million, to the joint venture. CME Group Index Services LLC, has issued $612.5 million in aggregate principal amount of senior notes due 2018, with an annual coupon of 4.4% and an effective rate of 4.6%, which was used to pay a $607.5 million distribution to Dow Jones. The notes are fully and unconditionally guaranteed by CME Group Inc.
SEC Warns Firms on Muni Pay-to-Play Rules
March 18, 2010--The Securities and Exchange Commission today issued a report warning firms that municipal securities rules prohibiting pay-to-play apply to affiliated financial professionals, not just a firm's employees.
The pay-to-play rule, MSRB Rule G-37, generally prohibits firms from underwriting municipal bonds for an issuer for two years after a municipal finance professional (MFP) involved with that firm makes a campaign contribution to an elected official of that municipality.
In the Report of Investigation, the Commission makes clear that an executive who supervises the activities of a broker, dealer, or municipal securities dealer is not exempt from the MSRB's pay-to-play rule just because he or she may be outside the firm's corporate governance structure. As such, an executive may be deemed an MFP if he or she is not part of a broker-dealer, but oversees the broker-dealer from the vantage of the holding company.
