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New ETF from ALPS Designed to Participate in U.S. Energy Independence
November 1, 2013--ALPS, a DST Company focused on asset servicing and asset gathering, today announced the launch of the Alerian Energy Infrastructure Exchange-Traded Fund, the first ETF designed to deliver both energy infrastructure and Master Limited Partnership-focused investments to the retail market.
The Fund provides exposure to the Alerian Energy Infrastructure Index, which is intended to give investors a transparent and intuitive means of tracking the overall performance of the North American Energy Infrastructure sector. The Index is comprised of equity securities of issuers headquartered or incorporated in the U.S. and Canada
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Source: ALPS
DB-Synthetic Equity & Index Strategy-North America-US ETF Model Portfolios-Diversified Momentum Portfolio Update
November 1, 2013--Diversified Momentum Update as of Oct 31st, 2013
A relatively flat month for our DMP (down 0.43%)
Market Performance
Risk appetite reignited during October with the equity markets (SPY) leading the way. Likewise, the broad US Fixed Income market (BND) rose by 0.90%; while the Commodity market (DBC) plunged by 3.38% during the same period.
Model Portfolio Performance
Our Diversified Momentum Portfolio (DMP), however, experienced another pullback during October, retreating by 0.43%. While the equity market and our multi-asset class benchmark rose by 4.63% and 2.50%, respectively.
Portfolio Updates and New Membership
10 of the 20 DMP positions will change for November. In terms of portfolio weights, the Commodities portfolio weight will decrease from 40% to 30%; while the Currencies portfolio will increase from 30% to 40%. The Global Sectors and the Treasuries portfolios will remain at 10% and 20%, respectively.
Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
CFTC's Division of Market Oversight Issues Extension of Certain Time-Limited No-Action Relief Regarding Swap Execution Facilities Provided by CFTC No-Action Letter Nos. 13-55 (amended), 13-56 and 13-58 for Swaps in the Foreign Exchange Asset Class
November 1, 2013--The Commodity Futures Trading Commission's (CFTC) Division of Market Oversight (Division) issued a letter providing time-limited extensions of relief for swaps in the foreign exchange ("FX") asset class previously provided in the following CFTC letters:
CFTC Letter No. 13-55 (amended) (Time-Limited No-Action Relief for Temporarily Registered Swap Execution Facilities from Certain Swap Data Reporting Requirements of Parts 43 and 45 of the Commission's Regulations);
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Source: CFTC.gov
NYSE Euronext New ETF Listing-Franklin Short Duration U.S. Government ETF
November 1, 2013--NYSE Euronext (NYSE:NYX) is pleased to announce that on Tuesday, November 05, 2013, the following ETF will be listed on NYSE Arca and will begin trading as a new issue
Security name: Franklin Short Duration U.S. Government ETF
Trading symbol: FTSD
Cusip: 353506 10 8
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Source: NYSE Euronext
ISE Reports Business Activity for October 2013
November 1, 2013--
ISE and ISE Gemini(TM) combined represent 18.0% of equity options market share, excluding dividend trades.
ISE reported a combined ADV of 2.8 million contracts.
ISE Gemini ADV increased by 89.8% from September 2013 to October 2013.
Dividend trades made up 1.1% of industry volume in October 2013.
The International Securities Exchange (ISE) today reported a combined average daily volume (ADV) of 2.8 million contracts in October 2013 for its two exchanges, ISE and ISE Gemini. This represents 18.0% of U.S. equity options market share.
Business highlights for the month of October include:
On October 15, ISE announced that trading of multi-legged strategy orders through its Implied Order functionality exceeded 20 million contracts.
On October 23, ISE Gemini surpassed two milestones for the first time by trading over 500,000 contracts in a single day, and also accounting for over 3 percent of equity and ETF options market share.
On October 28, ISE Gemini completed the rollout of 199 additional products, representing the third successful product rollout since launch.
For the month of October, Implied Order functionality accounted for 6.8% of all non-crossing, multi-legged contract volume executed on ISE.
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Source: International Securities Exchange (ISE)
CFTC.gov Commitments of Traders Reports Update
November 1, 2013--The current reports for the week of October 22, 2013 are now available.
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Source: CFTC.gov
WisdomTree finally drawing fire
November 1, 2013--WisdomTree, the only pure-play publicly traded exchange traded fund manager, never quite turned the heads of the US's biggest fund managers in the way it expected to, but it has every reason to expect their attention now.
"When I was trying to raise launch money back in 2003, 2004," says chief executive and founder Jonathan Steinberg,"investors would say to me, "but what’s going to happen to you when Fidelity comes [into ETFs]?’ That it took them 10 years to come blows me away."
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Source: FT.com
Fidelity teams with Goldman Sachs as part of big push into alternative investments on behalf of RIAs
November 1, 2013--Fidelity Investments is taking the plunge and becoming the first of the major custodians to develop an alternative-assets program.
In doing so, the Boston-based firm is teaming with CAIS, a financial technology company that provides access for advisors to various alternative assets; Morningstar Inc.; and-more controversially-Goldman Sachs Asset Management, which many RIAs view warily because of its sales and pricing tactics.
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Source: RIA BIZ
ISE Granted Stay in CBOE's Patent Suit
November 1, 2013--In the case of Chicago Board Options Exchange, Incorporated v. International Securities Exchange, LLC, Case No. 1:13-cv-01339-JMF, the Honorable Jesse M. Furman of the United States District Court for the Southern District of New York issued a ruling yesterday that halted CBOE's patent suit against ISE while the validity of the patents-in-suit is examined by the U.S. Patent and Trademark Office (USPTO).
ISE had previously filed petitions with the USPTO to invalidate the CBOE patents (US Patent Nos. 7,356,498, 7,980,457 and 8,266,044). Judge Furman agreed with ISE that serious validity questions regarding the CBOE patents should be resolved by the USPTO and not the district court.
As a result, the court proceedings will now be suspended pending a decision on the matter by the USPTO.
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Source: International Securities Exchange (ISE)
UPDATE 2-Latest Nasdaq options glitch highlights ongoing market problems
November 1, 2013-Nasdaq OMX Group Inc closed its second-largest options market for much of Friday after a spike in volume hampered the exchange's ability to accept orders and distribute quotes, the latest glitch to hit U.S. market operators.
The Nasdaq Options Market (NOM), which accounted for about 8 percent of U.S. options volume last month, was halted at 10:36:57 a.m. EDT (1436 GMT) and remained shut through the rest of Friday, Nasdaq said.
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Source: Reuters