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CFTC’s Division of Market Oversight Issues Guidebook for Part 20 Reports
December 7, 2011--The Commodity Futures Trading Commission’s Division of Market Oversight today issued a Guidebook for Part 20 Reports providing additional guidance and detailed instructions for submitting large swaps trader reports to the Commission.
On July 22, 2011, the Commission published a new Part 20 of the Commission’s Regulations in the Federal Register that requires large trader reports for physical commodity swaps. Clearing organizations and clearing members were required to begin reporting on cleared swaps on November 21, 2011, and are required to begin reporting on uncleared swaps on January 20, 2012. In addition, the Division requires fully compliant month-end open interest reports to be collected beginning in September 2011 through February 2012 and submitted to the Commission by March 20, 2012.
The Guidebook includes a data dictionary for mapping data elements to a record layout, interim and final reporting formats and record layouts for the submission of reports and 102S filings, and multiple examples for converting and reporting swaps in futures equivalent units.
view the Large Trader Reporting for Physical Commodity Swaps: Division of Market Oversight Guidebook for Part 20 Reports
Source: CFTC.gov
SSgA Hopes to Launch Active ETFs in 2012
2012 could see the second largest ETF player entering the active ETF market
December 7, 2011--"We hope to introduce our first set of active ETFs in 2012," Jim Ross global head of ETFs at State Street Global Advisors, told The MFWire.com.
"The initial set is probably going to be a suite of five to six active ETFs rolled out over a few months."
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Source: Mutual Fund Wire
iShares files with the SEC
December 7, 2011--iShares has filed a Form S-1 with the SEC for the iShares® Dow Jones-UBS Roll Select Commodity Index Trust.
view fiing
Source: SEC.gov
State Street files with the SEC
December 7, 2011--State Street has filed a post-effective amendment no.38, regsistration statement with the SEC for the SPDR MSCI EM 50 ETF.
view filing
Source: SEC.gov
State Street files with the SEC
December 7, 2011--State Street has filed a post-effective amendment No. 78, registration statement with the SEC for the SPDR® Barclays Capital Global Convertible Securities ETF (GCWB).
view filing
Source: SEC.gov
State Street files with the SEC
December 7, 2011--State Street has filed a post-effective amendment, registration statement for the SPDR® Barclays Capital Breakeven Inflation ETF.
view filing
Source: SEC.gov
BM&FBOVESPA announces November 2011 market performance
December 7, 2011--BM&FBOVESPA announced November 2011 market performance. ETFs, securities lending, agribusiness securities, agribusiness commodity futures, and options on agribusiness commodity futures are the November highlights.
Record number of trades and financial volumes for ETFs: The financial volume registered in November by the eight BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 1.45 billion in a record 86,037 trades, from BRL 1.37 billion and 72,352 the previous month. In November the ETF with the highest financial volume was BOVA11 with BRL 1.37 billion and 82,402 transactions.
Record securities lending volume at BRL 67.3 billion: In November, the total number of securities lending transactions reached 122,983, compared to 121,132 in October. Financial volume was a record BRL 67.30 billion in November from BRL 64.64 billion the previous month.
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Source:- BM&FBOVESPA
BM&FBOVESPA announces November 2011 market performance
December 7, 2011--BM&FBOVESPA announced November 2011 market performance. ETFs, securities lending, agribusiness securities, agribusiness commodity futures, and options on agribusiness commodity futures are the November highlights.
Record number of trades and financial volumes for ETFs: The financial volume registered in November by the eight BM&FBOVESPA Exchange-Traded Funds (ETFs) reached BRL 1.45 billion in a record 86,037 trades, from BRL 1.37 billion and 72,352 the previous month. In November the ETF with the highest financial volume was BOVA11 with BRL 1.37 billion and 82,402 transactions.
Record securities lending volume at BRL 67.3 billion: In November, the total number of securities lending transactions reached 122,983, compared to 121,132 in October. Financial volume was a record BRL 67.30 billion in November from BRL 64.64 billion the previous month.
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Source: BM&FBOVESPA
Global X Funds Launches ETFs Linked To The New NASDAQ 400 And NASDAQ 500 Indexes
ETF provider partners with NASDAQ OMX to bring products to market
December 6, 2011 – Global X Funds, the New York based provider of exchange traded funds, today launched two new funds: the Global X NASDAQ 500 ETF (Ticker: QQQV) and the Global X NASDAQ 400 Mid Cap ETF (Ticker: QQQM). These are the first products linked to the new benchmark indexes on The NASDAQ Stock Market® (NASDAQ).
The Global X NASDAQ 500 ETF (Ticker: QQQV) and the Global X NASDAQ 400 Mid Cap ETF (Ticker: QQQM) track the NASDAQ 500 Index and the NASDAQ 400 Index, respectively.
The NASDAQ 500 Index measures the performance of 500 of the largest domestic and international non-financial securities listed on NASDAQ based on market capitalization. The NASDAQ 400 Index measures the performance of the top 400 mid-capitalization domestic and international non-financial securities listed on NASDAQ. Over the past 5+ years, companies in both indexes have demonstrated strong earnings growth and are maturing into profitable companies; earnings growth has been outpacing revenue growth over this time period*. Between November 2001 and November 2011 the financial sector lost -34.21% of its value, and during the same period technology stocks gained 37.82% and industrials 16.85%, based on the longstanding NASDAQ sector indexes, the NASDAQ Computer and NASDAQ Industrial respectively. From January 1 to September 30, 2011, the NASDAQ 500 and 400 indexes outperformed the S&P 500 and 400 indexes by more than 3% with similar volatility*.
“We are pleased to be pairing with NASDAQ OMX, a recognized leader in the development of innovative indices, to bring these products to market,” said Bruno del Ama, CEO of Global X Funds. “Both new funds expand the coverage beyond the NASDAQ 100 Index®, providing greater diversification and possibly capturing the next Apple or Google.”
“NASDAQ OMX is delighted to license the use of our indexes as benchmarks for the Global X Funds,” said John Jacobs, Executive Vice President, NASDAQ OMX Global Index Group. “NASDAQ OMX and Global X Funds share a common goal to provide investors with the chance to access some of the world’s most innovative companies and these new indexes and ETFs are the latest examples of that commitment.”
Source: Global X
ISE Introduces ISE SPY Bear Option Overlay Index and ISE SPY Bull Option Overlay Index
December 5, 2011--The International Securities Exchange (ISE) has created the ISE SPY Bear Option Overlay Index (symbol: VCS) and ISE SPY Bull Option Overlay Index (symbol: VPS), two innovative new indexes that track the performance of a diversified portfolio of vertical call or put spread strategies* based on the SPDR® S&P 500® ETF (symbol: SPY). The indexes provide leveraged directional exposure to the underlying ETF and give investors the ability to track two popular trading strategies on the most actively traded ETF.
“The ISE SPY Bear Option Overlay Index and ISE SPY Bull Option Overlay Index are the first indexes of their kind, allowing investors a simplified way of tracking vertical spread strategies,” said Kris Monaco, Head of New Product Development at ISE. “Although we have introduced these indexes based on the popular SPY ETF, the methodology we have developed is portable, and can be applied to many other underlying ETFs, stocks, or even indexes. Once VCS and VPS are implemented as ETFs, they will provide a flexible way to trade popular strategies with controlled directional exposure and in a cost efficient manner.”
The indexes are live and distributed via the Options Price Reporting Authority (OPRA) to major market data vendors. Real-time prices and historical data are available via Bloomberg (symbols: VCS and VPS).
To learn more about the ISE SPY Bear Option Overlay Index and the ISE SPY Bull Option Overlay Index, please visit www.ise.com/index.
Source: International Securities Exchange (ISE)