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ISE Reports Business Activity For January 2013
February 1, 2013--ISE was the second largest equity options exchange in January with market share of 18.2%, excluding dividend trades.
Dividend trades made up 3.0% of industry volume in January 2013.
The International Securities Exchange (ISE) today reported average daily volume of 2.8 million contracts in January 2013. This represents an increase of 3.1% compared to January 2012. Total options volume for the month was 58.3 million contracts. ISE was the second largest U.S. equity options exchange in January with market share of 18.2%*.
Business highlights for the month of January include:
On January 30, 2013, ISE announced that its new product development group will now be known as ISE ETF Ventures. The new name reflects the group's evolving focus and expanded capabilities in the ETF business. For the month of January, Implied Order functionality accounted for 7.0% of all non-crossing, multi-legged contract volume executed on ISE.
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Source: Mondovisione
Deutsche Bank-Synthetic Equity & Index Strategy-North America-US ETF Model Portfolios-Diversified Momentum Portfolio Update
Commodity and Currency Portfolios boost DMP performance
February 1, 2013--Market Performance
The US equity market (SPY) rallied as we started a new year with a more benign outlook than expected at the end of 2012.
The broad US Fixed Income market (BND) was down by 0.69%; while the Commodity market (DBC) advanced by 2.48% during the same period.
Model Portfolio Performance
Our Diversified Momentum Portfolio (DMP) was up by 2.50% in January. While the equity market and our multi asset class benchmark were up by 5.12% and 2.85%, respectively.
Portfolio Updates and New Membership
All sub-portfolios, with the exception of Currencies, experienced the turnover of at least half of their membership. In terms of portfolio weights, the asset class weights experienced changes across the board. Currencies became the top allocation with 40%, followed by Global Sectors, Treasuries, and Commodities with 30%, 20%, and 10%, respectively.
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Source: Deutsche Bank - Synthetic Equity & Index Strategy - North America
Wall Street surges to five-year highs; Dow ends above 14,000
February 1, 2013--Stocks rose to five-year highs on Friday, with the Dow closing above 14,000 for the first time since October 2007, after jobs and manufacturing data showed the economy's recovery remains on track.
The S&P touched its highest since December 2007 after a 5 percent gain in January, which was its best start to a year since 1997. The index is now just about 60 points away from its all-time intraday high of 1,576.09.
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Source: Reuters
Trail-free platform launched
February 1, 2013--Charles Stanley, the stockbroker, is relaunching its Fastrade share dealing service and Fundchoice funds platform as Charles Stanley Direct.
The new execution-only service will feature "clean pricing" on all funds with no trail commission paid by providers.
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Source: FT.com
A new take on the active vs passive debate
Fund investors might be smarter than we thought
February 1, 2013--It depends on how irritable I am feeling on any given day. But sometimes, when I am listening to a fund manager warbling on about the way in which his special investing method has brought his fund fame and fortune, I lean forward-just a little, in a friendly sort of a way-and say: "How do you know you aren’t just very lucky?"
This is mostly taken as an invitation to explain to me a little bit more about just how price to growth or free cash flow ratios are the key to success. And that makes me dream of day when a manager shrugs, smiles and says: “I don’t.”
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Source: FT.com
CFTC.gov Commitments of Traders Reports Update
February 1, 2013--The current reports for the week of January 29, 2013 are now available.
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Source: CFTC.gov
Sights set on $3tn assets milestone
February 1, 2013--The exchange traded funds industry started 2013 in a celebratory fashion.
The first US ETF marked its 20th birthday this month, having grown into a $125bn giant just as worldwide assets held in exchange traded funds and products reached an all-time high above the $2tn mark.
Reaching $1tn in assets took 19 years. But growth accelerated once that milestone was passed in 2009 and assets have doubled in less than four years, even as the global financial crisis has raged on.
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Source: FT.com
WisdomTree Launches Global Corporate Bond Fund (GLCB)
Income-Oriented Strategy Combines Flexible Global Mandate with Active Credit Analysis
Sub-Advised by Leading Corporate Bond Manager Western Asset Management Company
January 31, 2013--WisdomTree (NASDAQ: WETF), an exchange-traded fund ("ETF") sponsor and asset manager, today announced the launch of the WisdomTree Global Corporate Bond Fund (GLCB).
GLCB is an actively managed ETF which will invest in corporate fixed income securities from around the world, and follows the WisdomTree Emerging Markets Corporate Bond Fund (EMCB) as the Company’s second credit fund to be sub-advised by Western Asset Management Company (Western Asset).
Luciano Siracusano, WisdomTree Chief Investment Strategist, said, “We believe fixed income investors should not limit themselves to a domestic universe of corporate debt securities when an expanding $11.2 trillion global credit market presents robust opportunities in our increasingly global economy.1”
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Source: Wisdom Tree
NASDAQ Announces Annual Changes to the Dividend Achievers Indexes
January 31, 2013-- The NASDAQ OMX Group, Inc. (NDAQ), parent of the world's first electronic stock market and a leading index provider, today announced the results of the annual reconstitution of the Dividend Achievers(TM) Indexes.
To view the 2013 Dividend Achievers Reconstitution file and a downloadable file of each index's constituents, visit http://www.indxis.com/Reconstitutions.html.
NASDAQ OMX recently acquired the index business of Mergent, Inc., including Indxis -- an expert provider of index calculation services to a wide spectrum of clients in the financial services industry. As a result of this acquisition, NASDAQ OMX Global Indexes now owns the Dividend Achievers Indexes, the leading index family that tracks companies with strong long-term dividend growth. NASDAQ OMX Global Indexes is now one of the largest providers of dividend-themed indexes based on benchmarked assets.
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Source: NASDAQ OMX
Questrade to offer commission free ETF purchases
Questrade has made its mark offering rock bottom commissions for trading stocks. The trend continues.
January 31, 2013--Questrade made its mark in Canada by offering rock bottom commissions for trading stocks. The online discount broker entered the market in 1999 and has achieved a number of firsts in the industry over the years.
They were the first broker to offer $4.95 stock trades and the first to offer a U.S. RRSP option where you can hold U.S. cash and collect U.S. dividends without being forced to convert them to Canadian dollars. In another industry first, Questrade will offer free commission on any ETF purchases starting February 1st.
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Source: The Star
