Americas ETP News
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ISE Holdings Reports Business Activity for March 2016
April 1, 2016--ISE's options exchanges combined to represent 16.8% of equity options market share, excluding dividend trades.
ISE's options exchanges reported a combined ADV of 2.3 million contracts.
Dividend trades made up 0.8% of industry volume in March 2016.
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Source: ise.com
Fed gives green light on banks' US muni bond holdings
April 1, 2016--US regulators have bowed to pressure from the financial industry and allowed banks
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Source: FT.com
IMF Policy Paper-Financial Integration in Latin America
March 31, 2016--Summary: Many Latin American economies have experienced significant reductions in growth recently, as a result of the end of the commodity super-cycle and the rebalancing of China's growth, and a number of global banks have been leaving the region.
Although Latin American countries were generally less affected by the global financial crisis (GFC) than other regions, the region continues also to suffer from the protracted sluggish growth in advanced economies. In addition, there has since 2008 been a withdrawal of global banks from the region, thus potentially worsening access to credit or reducing competition in the financial sector. More broadly, the GFC demonstrated that extreme economic volatility can originate from outside the region, rather than internally, as was the experience of the 1980s and 1990s...
view the IMF Policy Paper-Financial Integration in Latin America
Source: IMF
ISE Announces First Implementation of a Securities Exchange on Amazon Web Services Cloud Computing Environment
March 30, 2016--The International Securities Exchange (ISE) is the first regulated securities exchange to build and operate cloud-based disaster recovery infrastructure as part of disaster preparedness requirements established by the U.S. Securities and Exchange Commission's (SEC) recent Regulation Systems Compliance and Integrity (Reg SCI) initiative.
ISE migrated its options exchanges, ISE and ISE Gemini, to the Amazon Web Services (AWS), Inc. Cloud in advance of the SEC’s November 3, 2015 deadline. ISE Mercury, ISE's recently launched third options exchange, also leverages AWS Cloud.
Appeals Court Upholds Determination that CBOE Patents are Invalid
March 30, 2016--The United States Court of Appeals for the Federal Circuit (Appeals Court) on Friday, March 25, 2016, affirmed the decision of the Patent Trial and Appeal Board (PTAB) of the U.S. Patent and Trademark Office (USPTO) that invalidated three CBOE patents (US Patent Nos. 7,356,498, 7,980,457 and 8,266,044).
The Appeals Court agreed with ISE and found that all three patents are invalid. These patents formed the basis of litigation that CBOE brought against ISE in the case of Chicago Board Options Exchange, Incorporated v. International Securities Exchange, LLC (Case No. 1:13-cv-01339-JMF).
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Source: ISE.com
State Street to buy GE Asset Management for up to $485m
March 30, 2016--State Street Corp. has been spending a lot of time cutting costs. Now it's going to spend some money in a bid to boost profits.
The Boston-based custody bank and asset manager said Wednesday it agreed to acquire GE Asset Management, the pension arm of General Electric Co., for as much as $485 million in cash.
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Source: Boston Globe
Argentina prepares return to market after 15 years
March 29, 2016--The image of President Obama held in a clinch by an Argentine tango dancer during his tour of Latin America has gone viral at just the right time for emerging markets.
In the next few weeks, Argentina is planning the largest and most anticipated sale of emerging market debt so far this year, and pictures of the US president in Buenos Aires will help to sell the story of a country resetting its relationship with the international capital markets after 15 years in the cold.
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Source: FT.com
CBO-Updated Budget Projections: 2016 to 2026
March 24, 2016--CBO projects a $534 billion deficit in fiscal year 2016, about $100 billion more than in 2015.
If current laws generally remained unchanged, the deficit would increase from 2.9 percent to 4.9 percent of GDP over the next decade.
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Source: Congressional Budget Office (CBO)
Wall Street pushes back on trading tax
March 23, 2016--Wall Street is mobilizing against proposals to tax financial transactions as the idea gains attention on the campaign trail and in Congress.
The idea already has one high-profile supporter, Democratic presidential candidate Bernie Sanders.P>view more
Source: thehill.com
ProShares Inflation ETF to Change Index and Name
March 23, 2016--ProShares announced that its inflation ETF (NYSE Arca: RINF) will be changing its benchmark to the Citi 30-Year TIPS (Treasury Rate-Hedged) Index.
The ETF's name also will be changing. These changes will be effective on or about April 15, 2016.
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Source: ProShares
