Americas ETP News
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Fed Eyes Banks' Commodity Activities
Some Say Companies Use Their Foothold in Market to Influence Supply Flows and Prices; Risk Also an Issue
July 14, 2014--The Federal Reserve took a small step toward developing potential new restrictions on bank's activities in physical-commodity markets such as aluminum and oil, but it stopped short of introducing new rules.
The Fed, which has been studying the issue for at least two years, said it wants to examine "all aspects" of bank-owned commodity businesses, including "potential conflicts of interest" at the banks and the risks that commodity subsidiaries might pose to financial stability.
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Source: Wall Street Journal
Global X Funds Announces Index And Name Changes For Two ETFs
Colombia and Norway Funds to Begin Tracking MSCI Indexes Tomorrow
July 14, 2014--Global X Funds, the New York-based provider of exchange-traded funds (ETFs), announced that after the close of trading tomorrow the Global X FTSE Colombia 20 ETF (NYSE Arca: GXG) and the Global X FTSE Norway 30 ETF (NYSE Arca: NORW) will begin tracking MSCI Indexes.
GXG, with $115m[1] in assets under management, will be renamed the Global X MSCI Colombia ETF and track the MSCI All Colombia Capped Index.
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Source: CNN Money
Fed sees October end for monthly bond buying
July 9, 2014--Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession.
Minutes of the Fed's June 17-18 meeting released Wednesday showed officials were in basic agreement that the if the economy continues to improve, the final reduction in bond purchases would total a cut of $15 billion and would be announced at the Fed's Oct. 28-29 meeting.
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Source: 7 News
iShares Introduces Two Global ETFs
July 11, 2014--BlackRock's (BLK) iShares unit, the world's largest issuer of exchange traded funds, expanded its already sizable lineup of U.S.-listed ETFs with the introduction of two new funds that are plays on investment themes that have been prominent this year.
The iShares Currency Hedged MSCI EMU ETF (HEZU) is the issuer's newest addition to its currency hedged lineup.
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Source: etftrends.com
Canada's IIROC Publishes Guidance on Expansion of Circuit Breakers
July 11, 2014-In a move designed to continue to insulate the Canadian capital markets from any type of market structure snafu or problem, the nation's leading regulator is publishing extensive guidance on using single stock circuit breakers (SSCBs.)
The Investment Industry Regulatory Organization of Canada (IIROC) has published its Final Guidance report that expands the SSCB program in the nation's equity trading market.
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Source: Traders Magazine Online
CFTC.gov Commitments of Traders Reports Update
July 11, 2014--The current reports for the week of July 8, 2014 are now available.
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Source: CFTC.gov
First Bridge Data-US ETF Landscape: Mid-Year Report
July 10, 2014--US ETF Landscape: Mid-Year Report
US ETF assets grew to $1.86T, with 1612 ETPs listed in the US on June 30th.
This mid--year report looks at the year's 100 new launches, the best performers this year and the asset mix for the largest ETF sponsors.
Money Management Executive: Expert View In this article in MME, our founder examines the marketing & product development mindset that ETF sponsors need to grow their market share.
view the report
Source:First Bridge Data
Chicago Fed Calls for Curbs on High-Frequency Trading
June 10, 2014--The Federal Reserve Bank of Chicago entered the debate over whether financial markets are fair, proposing limits on high-frequency trading firms and incentives to bring more buying and selling into public view.
Recommendations in a working paper published yesterday include breaking up the trading session into a series of half-second periods, a snail's pace in an era of microsecond trading.
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Source: Bloomberg
Minutes Of The Federal Open Market Committee, June 17-18, 2014
July 10, 2014--Developments in Financial Markets and the Federal Reserve's Balance Sheet
In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the deputy manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets.
The SOMA manager reported on the System open market operations during the period since the Committee met on April 29-30, 2014, outlined the testing of the Term Deposit Facility, described the results from the fixed-rate overnight reverse repurchase agreement (ON RRP) operational exercise, and provided some possible options for adjusting the list of counterparties eligible to participate in ON RRP operations.
view the Minutes Of The Federal Open Market Committee, June 17-18, 2014
Soure: federalreserve.gov
Barclays Offers ETN Wagering on Corporates With Female Leaders
July 9, 2014--Barclays Plc (BARC), the U.K.'s second--largest bank by assets, is selling an exchange-traded note tied to public companies with female executives, betting on demand for products that promote women in leadership.
The ETN tracks an index created by the London-based bank that follows the performance of U.S. firms with a female chief executive officer or a board of directors that's at least 25 percent women, said Sue Meirs, Barclays' chief operating officer for equity and funds structured-market sales. The Women in Leadership ETN will begin trading tomorrow.
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Source: Bloomberg
