Americas ETP News
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Fed to test six big U.S. banks for Euro stress
November 22, 2011--The U.S. Federal Reserve plans to stress test six large U.S. banks against a hypothetical market shock, including a deterioration of the European debt crisis, as part of an annual review of bank health.
The Fed said it will publish next year the results of the tests for six banks that have large trading operations: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.
"They are clearly worried about the issue of Europe," said Nancy Bush, a longtime bank analyst and contributing editor at SNL Financial. "In a time of risk aversion and concern, you need transparency."
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Source: Reuters
Blackrock's Big Push for ETF Transparency
November 22, 2011-- ETF industry leader Blackrock(BLK_) is on a mission. The goal: inject a hearty dose of transparency into the global ETF universe.
As indicated by the National Stock Exchange's fund flow reports at the start of each month, ETFs have taken off in a major way here in the United States. In the years following the initial launch of the first ETF, SPDR S&P 500 ETF(SPY_), the number of instruments available to U.S. investors has ballooned to over 1,000, and total assets have ascended above the $1 trillion mark. Around the world, the number of ETFs products has surpassed 2,000
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Source: The Street
CFTC Seeks Public Comment on Request from ICE Clear Credit for Order Permitting Portfolio Margining of Swaps and Security-Based Swaps in a Customer Account
November 22, 2011--The Commodity Futures Trading Commission (Commission) is requesting public comment on a petition submitted by ICE Clear Credit LLC (ICC) for an order pursuant to Section 4d(f) of the Commodity Exchange Act (Act).
The petition requests an order that would set forth terms and conditions under which ICC and its clearing members that are dually registered as futures commission merchants and securities broker-dealers would be permitted to (1) commingle in an account subject to Section 4d(f) of the Act (a cleared swaps customer account) positions in swaps and security-based swaps and related customer money, securities and property; and (2) portfolio margin the swaps and security-based swaps held in the cleared swaps customer account.
Source: CFTC.gov
Minutes of the Federal Open Market Committee
November 22, 2011--The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the attached minutes of the Committee meeting held on November 1-2, 2011. A summary of economic projections made by Federal Reserve Board members and Reserve Bank presidents for the November 1-2, 2011 meeting is also included as an addendum to these minutes.
The minutes for each regularly scheduled meeting of the Committee ordinarily are made available three weeks after the day of the policy decision and subsequently are published in the Board's Annual Report. Summaries of economic projections are released on an approximately quarterly schedule. The descriptions of economic and financial conditions contained in these minutes and in the Summary of Economic Projections are based solely on the information that was available to the Committee at the time of the meeting.
view the Minutes of the Federal Open Market Committee
Source: FBR
Global X files with the SEC
November 22, 2011--Global X has filed a post-effective amendment, registration statement with the SEC for the
Global X NASDAQ 500 ETF
NASDAQ: QQQV, the
Global X NASDAQ 400 Mid Cap ETF
NASDAQ: QQQM
Global X NASDAQ 100 Global Technology Index ETF
NASDAQ: QQQT
view filing
Source: SEC.gov
Van Eck files with the SEC
November 21, 2011--Van Eck has filed a psot-effective amendment no. 528, registration statement with the SEC. This filing soley applies to the Market Vectors Biotech ETF, Market Vectors Bank and Brokerage ETF, Market Vectors Oil Services ETF, Market Vectors Pharmaceutical ETF,
Market Vectors Retail ETF and Market Vectors Semiconductor ETF.
view filing
Source: SEC.gov
PowerShares files with the SEC
November 21, 2011--PowerShares has filed a post-effective amendment, registration statement with the SEC for the PowerShares KBW Bank Portfolio
PowerShares KBW Regional Banking Portfolio.
PowerShares KBW Capital Markets Portfolio
PowerShares KBW Insurance Portfolio
view filing
Source: SEC.gov
State Street files with the SEC
November 21, 2011--State Stret has filed a post-effective amendment No.76, registration statement with the SEC.
view filing
Source: SEC.gov
Direxion files with the SEC
November 21, 2011--Direxion has filed a post-effective amendment No. 56, registration statement with the SEC.
view filing
Source: SEC.gov
BM&FBOVESPA options on equities: exercise volume reaches BRL 4.86 billion
November 21, 2011--The exercise volume of options on equities, Bovespa segment, reached on November, 21 BRL 4,86 billion, of which BRL 3,61 billion in call options and BRL 1,24 billion in put options. The options that registered the greatest financial volume on November, 21’s exercise were as follows:
Vale PNA at BRL 38.14 per share generated BRL 474.07 million in call options;
Vale PN at BRL 40.14 per share generated BRL 348.09 million in call options;
Vale PNA at BRL 34.14 per share generated BRL 319.47 million in call options;
Vale PNA at BRL 36.14 per share generated BRL 279.58 million in call options;
PETR PN at BRL 19.66 per share generated BRL 273.20 million in call options.
Source: BM&FBOVESPA
