Americas ETP News
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Brazil risks tumbling from boom to bust
July 4, 2011--Back in February, in an earlier Insight column, we highlighted the major build up of consumer debt at extremely high rates of interest, putting a significant cash flow burden on the repayment capacity of borrowers.
Since then, the situation has deteriorated further. Pressures are building in the Brazilian credit cycle.
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Source: FT.com
First Trust Advisors L.P. Introduces First Cloud Computing ETF
July 3, 2011--First Trust Advisors L.P. (“First Trust”), announced today that the first exchange-traded fund (“ETF”) focused on the cloud computing industry is expected to launch on The NASDAQ Stock Market® under the ticker symbol SKYY on Wednesday, July 6, 2011.
The First Trust ISE Cloud Computing Index Fund is based on the ISE Cloud Computing™ Index. This index is a modified equal-dollar weighted index designed to provide a benchmark for investors interested in tracking companies involved in the cloud computing industry. The Index is owned and was developed by International Securities Exchange, LLC.
“The ISE Cloud ComputingTM Index reflects the evolution of technology infrastructure and provides new and dynamic opportunities for investors,” said Kris Monaco, Head of New Product Development at ISE. “We are very pleased to work again with First Trust on this unique exchange-traded fund focused on this rapidly expanding industry.”
“Cloud computing is projected to be one of the fastest growing IT markets this year, according to IDC Research,” said Ryan Issakainen, Senior Vice President, ETF Strategist. “As businesses and consumers continue to migrate to a cloud environment, we believe there are significant growth opportunities for the companies involved in all aspects of cloud computing. The ETF provides a way to gain exposure to those companies. Forrester Research is projecting total public cloud revenues to go up 27% annually to reach nearly $160 billion by 2020, up from $15 billion in 2010.”
“Offering specialty products that provide investors with targeted, efficient exposure to specialized segments of the market has helped First Trust to become the fastest growing ETF sponsor among the ten largest sponsors (by assets raised) since 2010,” Issakainen added. Mr. Issakainen will ring the opening bell of The NASDAQ Stock Market® at 9:30 a.m. Eastern Time on Wednesday, July 6, 2011 to recognize the launch of the Fund. To view the live webcast of the opening bell, visit the NASDAQ website (http://www.nasdaq.com/about/marketsitetowervideo.asx) at 9:20 a.m. (Eastern Time).
Source: Marketwire
CFTC.gov Commitments of Traders Reports Update
July 1, 2011--The current reports for the week of June 28, 2011 are now available
view updates
Source: CFTC.gov
CBOE Holdings Reports June 2011 Trading Volumes:
CBOE Holdings Averages 4.5 Million Options Contracts Per Day in June, Up 10% from June 2010
C2 and CBOE Futures Exchange Set All-Time Monthly and ADV Records
July 1, 2011--CBOE Holdings, Inc. (NASDAQ: CBOE) today reported that June trading volume for options on the Chicago Board Options Exchange (CBOE) and C2 Options Exchange (C2), the company's alternative all-electronic market, combined, totaled 99.4 million contracts; average daily volume (ADV) was 4.5 million contracts, up 10 percent from June 2010.
C2 and CBOE Futures Exchange (CFE) achieved their busiest months ever in June, with monthly ADV exceeding 200,000 contracts and 50,000 contracts, respectively, for the first time.
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Source: CBOE
SEC Provides Additional Guidance, Interim Relief and Exemptions for Security-Based Swaps Under Dodd-Frank Act
July 1, 2011 — The Securities and Exchange Commission today provided additional guidance to clarify which U.S. securities laws will apply to security-based swaps starting July 16 -- the effective date of Title VII of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
That Act created a new regulatory framework for over-the-counter derivatives, authorizing the SEC to regulate security-based swaps and the Commodity Futures Trading Commission to regulate other swaps. Under the Dodd-Frank Act, starting July 16, 2011, security-based swaps are defined as “securities” subject to existing federal securities laws, including the Securities Act of 1933 and the Securities Exchange Act of 1934.
As one part of today’s action, the Commission approved an order granting temporary relief and interpretive guidance to make clear that a substantial number of the requirements of the Exchange Act applicable to securities will not apply to security-based swaps when the revised definition of “security” goes into effect on July 16. Nevertheless, federal securities laws prohibiting fraud and manipulation will continue to apply to security-based swaps after that date. To enhance legal certainty for market participants, the Commission also provided temporary relief from provisions of U.S. securities laws that allow the voiding of contracts made in violation of those laws.
view the EXEMPTIONS FOR SECURITY-BASED SWAPS
Source: SEC.gov
ISE Reports Business Activity for June 2011
July 1, 2011--Dividend trades made up 4.6% of industry volume in June 2011.
ISE is the third largest equity options exchange in June with market share of 18.4%, excluding dividend trades.
The International Securities Exchange (ISE) today reported average daily volume of 2.8 million contracts
in June 2011. This represents an increase of 5.0% compared to June 2010. Total options volume for the
month was 60.9 million contracts. ISE was the third-largest U.S. equity options exchange in June with
market share of 18.4%*. Business highlights for the month of June include:
On June 10, 2011, ISE filed a proposal with the Securities and Exchange Commission (SEC) to restructure the Competitive Market Maker (CMM) trading rights on its options exchange. The new
structure will grant greater flexibility to new and existing CMMs to select the options classes they
would like to quote. Implementation of the new structure is subject to SEC approval.
On June 16, 2011, ISE announced the launch of two new indexes, the ISE Oil Futures SpreadTM Index (Ticker: GZN) and the ISE Natural Gas Futures SpreadTM Index (Ticker: GYY). These new indexes track continuous exposure to oil futures prices and natural gas futures prices, using packaged calendar spread strategies. Also on June 16, UBS launched two exchange-traded notes (ETNs) linked to these indexes under the tickers OILZ and GASZ, respectively.
Aggregate assets under management for the ETFs based on ISE’s proprietary indexes was $1.2 billion as of June 30, 2011.
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Source: International Securities Exchange (ISE)
Wisom Tree files with the SEC-WisdomTree Emerging Market Corporate Bond Fund
July 1, 2011--Wisdom Tree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree Emerging Market Corporate Bond Fund.
view filing
Source: SEC.gov
Wisdom Tree files with the SEC
July 1, 2011--Wisdom Tree has filed a post-effective amendment, registration statement with the SEC for the WisdomTree China Local Debt Fund.
view filing
Source: SEC.gov
State Street files with the SEC
July 1, 2011--State Street has filed a post-effective amendment, registration statement with the SEC for the
SPDR S&P® Small Cap Emerging Asia Pacific ETF
SPDR S&P Small Cap Emerging Europe ETF
SPDR S&P Small Cap Emerging Latin America ETF
SPDR S&P Small Cap Emerging Middle East & Africa ETF
view filing
Source: SEC.gov
State Street files with the SEC
July 1, 2011--State Street has filed a post-effective amendment, registration statement with the SEC for the
SPDR S&P® 1500 Value Tilt ETF
SPDR S&P 1500 Momentum Tilt ETF and the SPDR S&P 1500 Volatility Tilt ETF
view filing
Source: SEC.gov
