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FIA has submitted comments urging the Commodity Futures Trading Commission (CFTC) to assess whether position limits are needed and to expand exemptions for hedging activities before setting any new federal position limits
March 1, 2017--The Securities and Exchange Commission today voted to adopt rule and form amendments to make it easier for investors and other market participants to find and access exhibits in registration statements and periodic reports that were originally provided in previous filings.
The amendments will require issuers to include a hyperlink to each exhibit in the filing’s exhibit index. Currently, someone seeking to retrieve and access an exhibit that has been incorporated by reference must review the exhibit index to determine the filing in which the exhibit is included, and then must search through the registrant's filings to locate the relevant filing.
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Source: SEC.gov
Thompson Hine Update: DOL Proposes Fiduciary Rule Delay-Employee Benefits & Investment Management Update
March 1, 2017--On March 2, 2017, the Department of Labor (DOL) is slated to publish a highly anticipated proposed rule that, once final, will delay by 60 days the applicability date of the DOL's final fiduciary rule and related prohibited transaction exemptions (collectively, the Final Rule).
The proposed rule's stated purpose is to allow the DOL to examine whether the Final Rule will adversely affect Americans' access to retirement information and financial advice.
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Source: Thompson Hine
Greenwich Associates-ETFs: "Active" Tools for Institutional Portfolios
March 1, 2017-Institutional assets are flowing into exchange-traded funds as U.S. institutions integrate ETFs into essential functions ranging from risk management and liquidity enhancement to the generation of income and yield in a challenging interest-rate...
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Source: Greenwich Associates
Frank Holmes: Bullish on Airlines and Gold
March 1, 2017--Frank Holmes, CEO and chief investment officer of U.S. Global Investors, joined Benzinga's PreMarket Prep morning show in early February to discuss two areas of his expertise: airlines and gold.
Frank remains bullish on both industries, and notes that airlines have seen better performance lately, despite their spotty track record in the past, for a number of reasons.
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Source: usglobaletfs.com
BlueStar Israel Weekly Market Snapshot #19 FRB-Beige Book-March 01, 2017
Overall Economic Activity view more CBOE Holdings Announces Close of Acquisition of Bats Global Markets view more
'Inverted' Model Said to Be Considered for NYSE's Newest Exchange view more
Dow Passes 21,000, Dollar Jumps as Rate Hike Looms: Markets Wrap view more Rafferty Asset Management Closing Three ETFs view more
March 1, 2017--BlueStar Israel Weekly Market Snapshot #19 is available for viewing.
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Source: Blue Star Indexes
March 1, 2017--National Summary
This report was prepared at the Federal Reserve Bank of New York based on information collected on or before February 17, 2017.
This document summarizes comments received from contacts outside the Federal Reserve System and is not a commentary on the views of Federal Reserve officials.
Reports from all twelve Federal Reserve Districts indicated that the economy expanded at a modest to moderate pace from early January through mid-February. Consumer spending expanded modestly since the last report. Retail sales increased at a subdued pace across most of the nation, with a number of Districts noting an ongoing shift from in-store to internet purchasing.
Source: federalreserve.gov
March 1, 2017--New Leadership Team Introduced
Integration Website Launched to Highlight Key Corporate Information
CBOE Holdings, Inc. (NASDAQ: CBOE) today said the company completed its acquisition of Bats Global Markets, Inc. (Bats: BATS) on Tuesday, February 28, in a cash and stock transaction valued at approximately $3.4 billion (based on the closing price of CBOE Holdings shares on February 28).
The combined company also announced its new corporate leadership structure, which includes key members of both CBOE's and Bats' executive teams.
Source: CBOE
February 28, 2017--Such exchanges flip the standard fee model of U.S. equities trading
The New York Stock Exchange is considering a time-honored move to boost market share: copy an innovation from competitors.
NYSE has approached market participants about launching a so-called "inverted" exchange, a move that would borrow from the playbook of rivals Nasdaq Inc. and Bats Global Markets Inc., people familiar with the situation...
Source: Wall Street Journal
February 28, 2017--U.S. equities add to records as Trump speech light on details
Chinese factory data add to growing evidence of global growth.
The Dow Jones Industrial Average surged 300 points to top 21,000 for the first time, the dollar advanced and Treasuries fell as investors grew increasingly confident global economic growth is accelerating, clearing the path for higher interest rates in America.
Source: Bloomberg
February 28, 2017-- The Board of Trustees of the Direxion Shares ETF Trust has decided to liquidate and close the Direxion Daily Cyber Security & IT Bear 2X Shares (Ticker: HAKD), Direxion Daily Pharmaceutical & Medical Bull 2X Shares (Ticker: PILL) and Direxion Daily Pharmaceutical & Medical Bear 2X Shares (Ticker: PILS) (each a "Fund" and collectively the "Funds") based on the recommendation of Rafferty Asset Management, LLC, the Trust's advisor.
Due to the Funds' inability to attract sufficient investment assets, Rafferty believes it cannot continue to conduct its business and operations in an economically efficient manner.
Source: Direxion
