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State Street files with the SEC
March 5, 2010--State Street has filed a post effective amended registration statement for
SPDR Barclays Capital International Corporate Bond ETF
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Eaton Vance files with the SEC
March 5, 2010--Eaton Vance has filed an aplication for exemptive relief to create and operate five actively-managed investment series of the Trust that offer exchange-traded shares. The funds are:
Eaton Vance Enhanced Short Maturity ETF
Eaton Vance Government Limited Maturity ETF
Eaton Vance Intermediate Municipal Bond ETF
Eaton Vance Prime Limited Maturity ETF
Eaton Vance Short Term Municipal Bond ETF
First Trust files with the SEC
March 5, 2010--First trust files a amended application for exemptive relief with the SEC.
view filing
Direxion files with the SEC
March 5, 2010--Dirextion has filed a post-effective amended registration with the SEC.
view filing
NY insurance exchange on horizon
March 5, 2010--James Wrynn has occupied his office for little more than five months but already the politically appointed New York insurance superintendent knows his time could be running out.
His boss, David Paterson, the Democratic governor of New York, has abandoned his bid for re-election this year and faces calls to resign over allegations that he intervened in a domestic violence case involving a close aide
S&P Announces New Redesigned Web Site
March 5, 2010--Standard & Poors has announce the launch of a redesigned Risk Solutions Web site at www.risksolutions.standardandpoors.com.
Our new English/U.S. site features an easier-to-read layout, simplified navigation, and two direct one-click entry points to Risk Solutions: through the main page of Standard & Poors.com, and through the main Products & Services page, where a full, alphabetical listing of all Standard & Poor's products and services.
The 2010 Risk Solutions suite of products and services is organized around five core areas:
* Credit Risk Services
* Inter-Company Financing Services
* Portfolio Risk Management
* Credit Risk Products and Data
* Thought Leadership (under construction)
Barchart launches ETF fundamental data service
April 5, 2010--Barchart.com, a provider of market data and information, has launched an exchange-traded funds fundamental data service.
The fundamental ETF dataset, including exchange-traded notes, is a database of reference, financial and price related information covering all US listed ETFs and ETNs.
The dataset is available from Barchart as a data feed service, as well as hosted website content.
Barchart’s fundamental ETF data includes over 900 ETFs and dozens of data fields, including sectors, top holdings, assets under management, fund family information, and key financial ratios and returns.
Barchart also provides real-time, delayed, end-of-day and historical ETF price data.
CME Group, CBOE To Develop Volatility Indexes Across Multiple Asset Classes
April 5, 2010--CME Group, the world's leading and most diverse derivatives marketplace, today announced it has entered into a seven-year license agreement with the Chicago Board Options Exchange (CBOE) that will allow CME Group to list futures and options on futures for volatility indexes on a variety of asset classes.
These contracts will be listed with, and subject to, the rules and regulations of the particular exchange where the products will be traded (CME, CBOT or NYMEX).
"Our liquid and transparent commodity and financial markets are the foundation for the creation of new indexes that customers can use to gain a view on volatility across a wide array of asset classes," said Scot Warren, CME Group Managing Director of Equity Index Products and Services. "We believe that a reliable benchmark index for volatility sentiment on contracts such as WTI Crude Oil, Corn, Soybeans and Gold will help market participants make more effective investment and hedging decisions based on their exposure to market volatility."
Terms of the license agreement between the exchanges include the following:
CBOE will create, own and calculate the benchmark indexes using its established CBOE Volatility Index® (VIX®) methodology and license use of the indexes to CME Group. The benchmark indexes are scheduled to begin publishing data during the third quarter of 2010.
Prices used in the calculations will originate from CME Group options on futures contracts. The data will use the most active electronically traded front and nearby contracts across commodity and financial products. CBOE will be the initial market disseminator of prices for the volatility indexes.
For more information, please go to www.cmegroup.com/vix.
Treasury Releases Build America Bonds Update
April 4, 2010--The Treasury Department today released its monthly comprehensive update on issuances of the Build America Bonds program, including state-by-state data. The Build America Bonds program is a financing tool created by the American Recovery and Reinvestment Act to allow state and local governments to obtain much-needed funding, at lower borrowing costs, for new capital projects such as construction of schools and hospitals, development of transportation infrastructure, and water and sewer upgrades.
Build America Bonds, which are taxable bonds, are designed to appeal to a broader set of investors than traditional tax-exempt bonds. Under the Build America Bonds program, the Treasury Department makes a direct payment to the state or local governmental issuer in an amount equal to 35 percent of the interest payment on the Build America Bonds. Potential new investors include pension funds that typically do not hold tax exempt bonds and foreign investors. These investors have been important additions to the market for municipal debt.
"Build America Bonds have changed the landscape of the municipal bond market by opening it to a broader range of investors," said Alan B. Krueger, Assistant Secretary for Economic Policy at the Treasury Department. "Expanding and making this program permanent, as the President proposed in the budget, will further improve the long-term functioning of the municipal bonds market."
U.S. Department of the Treasury Economic Statistics - Monthly Data Update
March 5, 2010--The Economic Statistics - Monthly Data for U.S. Department of the Treasury has been updated.
view report
Alps files with the SEC
March 4, 2010--Alps has filed an amended registration statement with the SEC for
The NYSE Arca U.S. Equity Reverse Convertible Index Fund
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CME Group And Dow Jones Receive Clearance To Proceed With Index Services Joint Venture
March 4, 2010--CME Group, the world's leading and most diverse derivatives exchange, and Dow Jones & Company today announced that the Federal Trade Commission and U.S. Department of Justice have granted early termination of the waiting period under the Hart-Scott-Rodino Act for the companies' previously announced index services joint venture, satisfying one of the conditions to the closing of the transaction. The companies expect to close the transaction, subject to the satisfaction of other customary closing conditions, by the end of March 2010.
On February 10, 2010, CME Group and Dow Jones announced that they signed a definitive agreement in which CME Group will take a 90 percent ownership interest and Dow Jones will take a 10 percent ownership interest in a new joint venture that will own the Dow Jones Indexes, which includes The Dow Jones Industrial Average and approximately 130,000 index properties.
BM&FBOVESPA adheres to the UN Principles for Responsible Investment
March 4, 2010-On Wednesday March 3, 2010, in Rio de Janeiro Mr. Edemir Pinto, BM&FBOVESPA’s Chief Executive Officer, formalized the adhesion of the Brazilian Exchange to the agreement entitled “Principles for Responsible Investment” (PRI) – a United Nations initiative developed by leading institutional fund managers and other financial market agents in support of responsible investment. The official signing took place during PRI’s international board meeting, which for the first time ever is being held in Brazil from the 3 rd to the 5 th of March in an event sponsored by (PREVI) the employee pension fund of the Banco do Brasil.
As a signatory to the PRI, BM&FBOVESPA seeks to inspire other investors to adhere to this agreement, and to encourage listed companies to report their socio-environmental initiatives to the marketplace. BM&FBOVESPA’s adhesion to the PRI guidelines reinforces its commitment to this agenda, and adds yet another important socio-environmental practice to the ones it has already implemented. It should also be noted that BM&FBOVESPA was the first Exchange in the world to sign the UN Global Pact in 2004, and that it is the founder of one of the world’s leading sustainability indexes, the ISE, which will commemorate its fifth year of operation in 2010.
Brown Brothers Harriman Names Shawn R McNinch As Global ETF Product and Sales Head
March 4, 2010--Brown Brothers Harriman & Co. (BBH) announced today the appointment of Shawn R. McNinch, Senior Vice President, to Global ETF Product and Sales Head.
Visit www.bbh.com for more info.
CBOE To Launch S&P 500 Dividend Index Options March 5 ADV
March 4, 2010--CBOE plans to list options on the S&P 500® Dividend Index (options ticker symbol: DVS) on Friday, March 5, 2010. The first contract of its kind in the U.S., S&P 500 Dividend Index Options are listed exclusively at CBOE.
The S&P 500 Dividend Index, calculated by Standard & Poor’s®, represents the ordinary cash dividends for corporations comprising the S&P 500 Index, accumulated over a quarterly “accrual period.” CBOE’s S&P 500 Dividend Options are based on ten times the value of the S&P 500 Dividend Index.
For more information, see www.cboe.com/DVS.
