Americas ETP News
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SEC denies a second application to list bitcoin product
March 27, 2017--The U.S. Securities and Exchange Commission on Tuesday denied for the second time this month a request to bring to market a first-of-its-kind product tracking bitcoin, the digital currency.
The SEC announced in a filing its decision denying Intercontinental Exchange Inc's NYSE Arca exchange the ability to list and trade the SolidX Bitcoin Trust, an exchange-traded product (ETP) that would trade like a stock and track the digital asset's price.
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Source: Reuters
AdvisorShares This Week in Active ETFs: Newfleet Joins Our AlphaCall
March 27, 2017--Weekly Market Review-For the week of March 20 to March 24, 2017
Healthcare Fails, Equities Waiver (Sort of)Macro
The American Health Care Act of course failed on Friday when it was determined there would not be a sufficient vote count to pass the bill, so it was never brought to the House floor for an actual vote.
The bill was complex and the process is
complicated, and while this would appear create uncertainty around where the administration goes from here, markets
were essentially flat on Friday. For the week the Dow Jones Industrial Average fell 1.49%, the S&P 500 was down 1.41%,
the NASDAQ gave up 1.19% and the Russell 2000 had a drop
of 2.62%.
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Source: AdvisorShares
Bassanese Bites: Taxing Times
March 26, 2017--The Week in Review
The key development last week was US President Trump's failure to get his health care changes through Congress. The US S&P 500 slumped 1.4% on Tuesday, and meandered at these lower levels for the rest of the week.
Trump has signalled he's given up trying to make changes in this area for the foreseeable future, arguing he'll simply let "Obamacare" implode on its own. Instead, Trump has set his sights on what the market really cares about-tax cuts!
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Source: BetaShares
ProShares No Longer Wants to Pay Charles Schwab to Sell Its ETFs
March 24, 2017-Firm is first to withdraw its shares from the commission-free platform
An exchange-traded fund supermarket that launched with some fanfare has lost one of its backers.
ProShare Advisors LLC has pulled out of an agreement to sell some of its ETFs through a Charles Schwab Corp. distribution system that offers commission-free online trades to consumers.
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Source: Wall Street Journal
CFTC.gov Commitments of Traders Reports Update
March 24, 2017--The current reports for the week of March 21, 2017 are now available.
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Source: CFTC.gov
iShares Launches New Core ETF
March 23, 2017--Blackrock's iShares has launched another developed-market ex-US equity ETF that provides broader international exposure.
The iShares Core MSCI International Developed Markets ETF (IDEV) seeks to track the MSCI World ex USE Investable Market Index, consisting of large-, mid-and small-cap stocks.
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Source: fundintelligence.global
Active Alts Launches The Active Alts Contrarian ETF
March 22, 2017--ETF industry veteran Brad Lamensdorf launched today The Active Alts Contrarian ETF (NASDAQ: SQZZ), a first-of-its-kind actively managed ETF that seeks capital appreciation by investing in companies with solid fundamentals that have very large short positions and are subject to a short squeeze.
Also, as a secondary investment strategy, Lamensdorf intends to lend out the hard-to-borrow securities in an effort to earn a stream of monthly income which has the potential to enhance the total return.
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Source: Active Alts Corp
A Fake $3.6 Trillion Deal Is Easy to Sneak Past the SEC
March 22, 2017--Fake reports get crazier and reveal threat to U.S. markets
Why an unknown artist can say he is richer than Bill Gates.
A few hours after the New York market close on Feb. 1, an obscure Chicago artist by the name of Antonio Lee told the world he had become the world's richest man.
The 32-year-old painter said Google's parent, Alphabet Inc., had bought his art company in exchange for a chunk of stock that made him wealthier than Microsoft Corp....
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Source: Bloomberg
Goldman building robo-adviser to give investment advice to the masses
March 22, 2017--Goldman Sachs Group Inc (GS.N), known for advising the world's richest and most powerful, is building a so-called robo-adviser geared to mass affluent customers, according to a job listing posted Monday on the bank's website.
A Goldman spokesman declined to comment.
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Source: Reuters
CFTC.gov Swaps Report Update
March 22, 2017-- CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
