Americas ETP News
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FINRA Reports on Potential Implications of Blockchain; Seeks Comment
January 18, 217--Distributed ledger technology (DLT), better known as blockchain, has garnered significant interest in the securities industry, with many market participants indicating a desire for increased regulatory engagement as they explore the technology and its possible applications.
In response, the Financial Industry Regulatory Authority (FINRA) today issued a report that discusses the use and implications of DLT in the securities industry. The paper also seeks comments as part of an effort to obtain feedback on any challenges associated with the use and implementation of DLT.
view the FINRA Distributed Ledger Technology: Implications of Blockchain for the Securities Industry report1
Source: Financial Industry Regulatory Authority (FINRA)
Donald Trump and Janet Yellen Look to Be on a Collision Course
January 18, 2017--Janet L. Yellen, the Federal Reserve chairwoman, made it clear Wednesday that she believes that the American economy is pretty much back on track.
And that, in turn, sets the stage for a potential conflict with the incoming Trump administration in the months and years ahead.
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Source: New York Times
IMF Working Paper-Benefits of Global and Regional Financial Integration in Latin America
January 18, 2017--Summary:
The timing is ripe to pursue greater regional financial integration in Latin America given the withdrawal of some global banks from the region and the weakening of growth prospects. Important initiatives are ongoing to foster financial integration. Failure to capitalize on this would represent a significant missed opportunity.
This paper examines the scope for further global and regional financial integration in Latin America, based on economic fundamentals and comparisons to other emerging regions, and quantifies the potential macroeconomic gains that such integration could bring. The analysis suggests that closing the financial integration gap could boost GDP growth be ¼ - ¾ percentage point in these countries, on average.
view the IMF Working Paper-Benefits of Global and Regional Financial Integration in Latin America
Source: IMF
ETF Prism Report Newsletter January 2017-Russian ETFs- BETTING ON RED?
January 17, 2017--Russia has obviously taken over the news. It is an issue that affects politics, geopolitical stability, the price of oil, hacking scandals and more.
So what is the ETF investment perspective?
On this report we are analyzing the ability to use ETFs to either get exposure to the long part of the Russia market, or be short on the market.
view more info
Source: torosoam.com
AdvisorShares-This Week in Active ETF: Tweets & Press Conferences
January 17, 2017--Weekly Market Review-Highlights of the Prior week of January 09 to January 13, 2017
Macro
Last week, President Elect Trump gave his first press conference, arguably it was explosive and of course he
continued to Tweet prolifically. There were some market moving
comments again, this time related to the healthcare sector
and the manner in which the US "bids" on drug prices.
There have been other sectors and industries that have previously
drawn Trump's attention with market moving results and it is
likely this will continue although we would be glad if it stopped.
Mark Yusko, CEO from Morgan Creek Capital opined that the
comments on healthcare might have created an opportunity,
specifically in biotech. We will neither agree nor disagree with
Trump's comments but where he can move markets it would be
useful for advisors to get out in front of clients' concerns about
this issue.
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Source: AdvisorShares
Invesco to Launch New ETFs on NEO
January 17, 2017--Adding two additional series to DWG ETF
Aequitas NEO Exchange Inc. ("NEO Exchange" or "NEO") is pleased to announce that Invesco Canada Ltd. ("Invesco") is expanding its presence on the NEO Exchange.
Invesco has applied to list two new PowerShares ETFs and received approval to list two new series of its NEO-listed PowerShares DWA Global Momentum Index ETF (DWG).
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Source: NEO Exchange
CBOE Holdings Stockholders Approve Share Issuance In Bats Merger
January 17, 2017--At a special meeting of stockholders of CBOE Holdings, Inc. (NASDAQ: CBOE) held today, CBOE Holdings stockholders voted in favor of a proposal to approve the issuance of shares of CBOE Holdings common stock pursuant to the previously announced Agreement and Plan of Merger, dated as of September 25, 2016, by and among CBOE Holdings, two wholly-owned subsidiaries of CBOE Holdings and Bats Global Markets, Inc.
Also today, Bats stockholders approved the proposal to adopt the Agreement and Plan of Merger at a special meeting of Bats stockholders.
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Source: CBOE
Bats Listings Closes Strong 2016 with 15 Listings Switches from NYSE Arca
January 17, 2017--Welcomed 34 ETFs from 13 Issuers in Fourth Quarter
Bats Global Markets, Inc. (Bats: BATS), the #1 stock market operator for exchange-traded fund trading, today announced that Deutsche Asset Management, ProShares and Cambria have switched a total of 15 ETFs to Bats since late December.
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Source: Bats Global Markets, Inc.
DFS Grants Virtual Currency License To Coinbase, Llc
January 17, 2017--Five Virtual Currency Entities Have Received Approval by DFS to Operate in New York
Financial Services Superintendent Maria T. Vullo today announced that the New York State Department of Financial Services (DFS) has approved the application of Coinbase, Inc., a wholly owned subsidiary of Coinbase Global, Inc., for a virtual currency and a money transmitter license.
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Source: New York State Department of Financial Services (DFS)
Rush to reprice debt in US as rate rises loom
January 16, 2016--Strong investor demand for loan funds helps underpin record repricing move.
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Source: FT.com
