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CFTC.gov Commitments of Traders Reports Update
January 13, 2017--The current reports for the week of January 10, 2017 are now available.
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Source: CFTC.gov
BNY Mellon eyes ETF growth with new CEO role
January 13, 2017--Firm says exchange-traded funds market is likely to at least double in size over the next 10 years
Custody giant BNY Mellon has hired a former senior Nasdaq executive for a new role leading the growth of its exchange-traded funds business.
Jeff McCarthy, who was Nasdaq's vice president and head of exchange-traded product listings and trading, has been named CEO, ETFs.
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Source: Financial News
U.S. Long-Term Interest Rates Rise, But Remain Low
January 13, 2017--U.S. long-term interest rates have risen from all-time lows in July, driven by stronger global economic data, higher inflation expectations, and growing expectations of a U.S. shift from monetary to fiscal policy stimulus.
However, U.S. long-term rates and volatility remain low by historical standards.
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Source: OFR (Office of Financial Research)
CBOE Launches Second In Series of Social Media-Based Strategy Benchmark Indexes
January 13, 2017--CBOE-SMA Large-Cap Weekly Index Revised Every Friday
Like Daily CBOE-SMA Large-Cap Index, Weekly Index Uses Social Media Metrics as Input
Chicago Board Options Exchange(R) (CBOE(R)) announced today that it has launched the CBOE-SMA Large-Cap Weekly Index (SMLCWSM Index), the second in a series of sentiment-based strategy benchmark indexes designed to capitalize on short-term market momentum based on Social Market Analytics' (SMA) social media metrics.
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Source: CBOE
DOL-CONFLICT OF INTEREST FAQS (PART II- RULE)
January 13, 2017--Set out below are a number of Frequently Asked Questions (FAQs) regarding implementation of the conflict of interest (COI) final rule (Rule) on fiduciary investment advice.
Since the publication of the Rule last April, the Department has held many meetings with stakeholders to assist in their compliance efforts. Many of the questions they raised related to the various Rule provisions that draw lines between fiduciary and non-fiduciary communications.
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U.S. Department of Labor Employee Benefits Security Administration
DOL CONSUMER PROTECTIONS FOR RETIREMENT INVESTORS-FAQS ON YOUR RIGHTS AND FINANCIAL ADVISERS
January 13, 2017-Beginning on April 10, 2017, retirement investors will benefit from important new protections requiring that financial advisers act in their best interest.
While many investors think that their financial adviser already is required to act in their best interest-like their doctor or their lawyer-the law hasn't always required it. Financial companies often pay advisers more to promote certain products rather than to recommend what is best for their customers. That incentive creates what is known as a conflict of interest. And conflicts of interests sometimes can cause advisers to give bad advice.
Pacer ETFs unifies Cash Cows fund series by renaming Pacer Global High Dividend ETF
January 13, 2017--Pacer Global High Dividend ETF was renamed Pacer Global Cash Cows Dividend ETF.
Pacer ETFs announces that as of Friday, January 13, 2017, the BATS Global Markets-listed "Pacer Global High Dividend ETF"
(PGHD) will now be called the "Pacer Global Cash Cows Dividend ETF" (GCOW, the "fund").
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Source: Pacer
NYSE Extends Lead in U.S. ETF Listings, Trading and AUM in 2016; Market Quality and Liquidity Drove Continued Market Share Leadership
January 12, 2017--In 2016, NYSE Arca, NYSE Group's marketplace for exchange traded funds1 (ETFs), reaffirmed its position as the leading ETF listings exchange for the ninth consecutive year with greater than 92 percent of total ETF assets under management (AUM).
NYSE Arca also maintained its position as the deepest pool of liquidity for the trading of ETF securities with nearly 2.5 times the trading of the next closest venue. 35 of the top 50 (70%) new ETF listings by assets under management listed on NYSE Arca in 2016.
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Source: NYSE Group
NYSE Launches Smart Beta Index With Roger Ibbotson And Zebra Capital
The NYSE(R) Zebra EdgeTM Index applies renowned economist's behavioral finance research aiming to capture higher returns with lower volatility
January 12, 2017--The New York Stock Exchange (NYSE), part of Intercontinental Exchange (NYSE:ICE), and Zebra Capital Management announce the recent launch of the NYSE Zebra Edge Index (NYSE: ZEDGENY),
an index that incorporates behavioral finance research on high-turnover, or "popular" stocks, with the goal of capturing higher returns with lower volatility.
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Source: Intercontinental Exchange (ICE)
SEC Announces 2017 Examination Priorities
January 12, 2017--The Securities and Exchange Commission today announced its Office of Compliance Inspections and Examinations' (OCIE) 2017 priorities. Areas of focus include electronic investment advice, money market funds, and financial exploitation of senior investors. The priorities also reflect a continuing focus on protecting retail investors, including individuals investing for their retirement, and assessing market-wide risks.
"These priorities make clear we are continuing to focus on a wide range of issues impacting our markets, from traditional areas such as market-wide risks to new forms of technology including automated investment advice," said SEC Chair Mary Jo White.
view the Examination Priorities-2017
Source: SEC.gov
