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E*TRADE Bolsters Commission-Free ETF Lineup with 21 New Additions
August 10, 2017--Customers can build customized, diversified portfolios made entirely of commission-free ETFs
E*TRADE Financial Corporation (NASDAQ: ETFC) today announced a significant expansion of its commission-free exchange-traded fund (ETF) lineup:
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Source: E*TRADE
Inaugural VictoryShares Volatility Weighted ETFs Achieve Three-Year Track Record and Earn 5-Star Overall Morningstar RatingsTM
August 10, 2017--Victory Capital today announced that the first three of its VictoryShares volatility weighted ETFs have achieved their three-year track records and earned 5-Star Overall Morningstar RatingsTM in their respective categories as of July 31, 2017.
The ETFs, which track the firm's proprietary CEMP volatility weighted indexes, use a rules-based approach to seek to outperform traditional market cap weighted indexing strategies.
FT Portfolios Canada Co. Announces Proposal to Merge First Trust AlphaDEXTM Canadian Dividend ETF Into First Trust Canadian Capital Strength ETF
August 10, 2017--FT Portfolios Canada Co. (the "Manager"), the manager of First Trust AlphaDEXTM Canadian Dividend ETF ("FDY") (TSX:FDY) (TSX:FDY.A) and First Trust Canadian Capital Strength ETF ("FST"), is pleased to announce that the board of directors of the Manager has approved a proposal to merge FDY into FST, another exchange-traded fund managed by the Manager, in order to combine FDY and FST into one Canadian equity exchange-traded fund with FST being the continuing fund (the "Proposal").
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Source: First Trust
SIFMA-The DOL Fiduciary Rule: A study on how financial institutions have responded and the resulting impacts on retirement investors
August 10, 2017--Summary
The DOL Fiduciary Rule: A study on how financial institutions have responded and the resulting impacts on retirement investors Report on Financial Institutions' Responses to the Department of Labor Fiduciary Rule and its Impacts on Investors.
SIFMA engaged Deloitte to facilitate this study with 21 SIFMA member firms whose businesses include providing individual investors with financial advice and related services. The study was conducted to understand and analyze the realized and potential impacts of the Rule on retirement investors and financial institutions.
Infographic-The Best and Worst Performing Sectors in 2017
August 10, 2017--Regardless of what you think of it, the second-longest U.S. bull market in modern history continues to rage on.
Even this year, which is the eighth anniversary of the lows of the Financial Crisis, has the S&P 500 charging forward with a 9.5% performance year-to-date.
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Source: visualcapitalist.com
Virtu slashes KCG staff by more than a third
August 10, 2017--Virtu has trimmed headcount and shut down unprofitable businesses following its $1.4 billion KCG takeover.
Virtu Financial has cut more than a third of KCG's employees, mostly from management level, as the firm looks to trim costs following its acquisition.
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Source: thetradenews.com
VIX Options and Futures Set New Daily Volume Records
August 10, 2017--CBOE Holdings, Inc. (BATS: CBOE |NASDAQ: CBOE) said today that trading volume in options and futures on the CBOE Volatility Index® (VIX®) each reached new all-time highs on Thursday, August 10.
In VIX options at CBOE, a reported 2,562,477 contracts traded on Thursday, surpassing the previous single-day record of 2,382,752 contracts on February 3, 2014.
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Source: CBOE Holdings, Inc
TMX Group Announces Changes To Executive Committee
August 9, 2017--TMX Group Limited today announced executive changes, including new strategic and expanded responsibilities for several members of the company's senior management team.
"Today marks an important milestone for TMX Group as we continue to position our organization to achieve sustainable, long-term success," said Lou Eccleston, Chief Executive Officer, TMX Group.
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Source: TMX Group Limited
CFTC.gov Swaps Report Update
August 9, 2017--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
DOL seeks to delay fiduciary rule until July 2019
August 9, 2017--Battle intensifies as Labor Department seeks to push off implementation until July 2019
Supporters of the Labor Department's fiduciary rule are calling an 18-month implementation delay too long, while opponents are saying the postponement is needed to give the agency time to review the rule.
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Source: invesmentnews.com
