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India aims to be world's fastest growing economy

March 11, 2010--Just how fast can India grow? Ask Manal Farooq, who can't make gloves quickly enough.

SOURCE Direxion

* New ETF targets one of world's hottest markets
Will compete with similar Van Eck ETF
State Street Corp (STT.N) on Thursday unveiled a new exchange-traded fund investing in shares of red-hot Russian companies.

Direxion Shares Launches Six New Leveraged ETFs

March 11, 2010--Direxion, a pioneer in providing alternative and tactically-oriented investment strategies to sophisticated investors, is pleased to announce the launch of six new Direxion Shares Daily ETFs to its existing lineup of multi-directional, leveraged funds. This brings the total number of leveraged ETFs offered by Direxion to thirty-four.

Remarks of Chairman Gary Gensler, OTC Derivatives Reform, FIA’s Annual International Futures Industry Conference, Boca Raton, Florida

March 11, 2010--Good morning. I would like to thank the Futures Industry Association for inviting me to speak here this morning. I also want to thank the international regulators who flew in from around the globe to join our meeting yesterday to discuss and coordinate our financial reform efforts.

The First Derivatives Markets

Another important event in Chicago, just six years before Mrs. O’Leary’s cow kicked over that infamous lantern, was the starting of derivatives trading. Of course everybody in this room knows these derivatives as futures, which started trading when farmers and grain merchants came together to hedge their price risk in corn, wheat and other grains. It took nearly 60 years before Congress brought regulation to this earlier derivatives marketplace to lower risk and promote transparency and market integrity.

Tadawul climbs 0.55%

March 11, 2010--Saudi Arabia's Tadawul All Share Index (Tasi) rose 0.55% to 6,565, with 71 stocks rising and 41 falling.

Saudi inflation rises

March 11, 2010--Official statistics indicate that Saudi Arabia's annual inflation rate rose to its highest level since June, up from 4.1% in January to 4.6% in February, on rising food costs, Reuters has reported.

UBS admits 69 ETCs to London Stock Exchange

March 11, 2010--The London Stock Exchange today announces that UBS has become a new issuer of Exchange Traded Commodities (ETCs) on its markets. The bank has admitted 69 products in its first major issuance of ETCs in Europe outside Switzerland.

BNY Mellon Agrees to Acquire BHF Asset Servicing GmbH; Will become second largest asset servicing provider in Germany.

The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 473 billion in assets under custody & administration, EUR120 billion depot banking volume
March 11, 2010--BNY Mellon, the global leader in asset management and securities servicing, has agreed to acquire BHF Asset Servicing GmbH from BHF-BANK Aktiengesellschaft and Sal. Oppenheim jr. & Cie. S.C.A. for EUR253 million (US$343 million), subject to regulatory approvals. This transaction will include the purchase of BHF Asset Servicing's wholly-owned fund administration affiliate, Frankfurter Service Kapitalanlage-Gesellschaft mbH (FSKAG).

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