Americas ETP News
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Bank of Canada cautions on ETFs, outlines liquidity proposals
May 5, 2015--Some exchange-traded funds (ETFs) and mutual funds might face liquidity problems if a large number of investors were to run for the exits at the same time, Bank of Canada Senior Deputy Governor Carolyn Wilkins warned on Tuesday.
She raised the red flag cautiously in a speech in which she outlined central bank proposals to insure markets remain sufficiently liquid under strained conditions....
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Source: Yahoo News
BNY Mellon Introduces Industry's First One-Stop Automated Process to Facilitate Creation and Redemption of ETFs
Authorized Participants Benefit from New Process
May 5, 2015--BNY Mellon, a global leader in investment management and investment services, has introduced the industry's first one-stop process for authorized participants (APs) to automate the creation and redemption of exchange traded funds (ETF).
The enhancements allow an AP to utilize the BNY Mellon ETF Center to propose and negotiate ETF baskets of underlying assets with a fund sponsor during the creation and redemption process. This is a significant improvement over the common industry practice, which required APs to utilize more than one venue to propose, negotiate and settle ETF baskets, BNY Mellon said.
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Source: BNY Mellon
The Nonidentical Twins of ETFs
Differences in the way indexes are weighted will make similar-looking funds diverge
May 4, 2015--Shopping for an exchange-traded fund has at least one key thing in common with shopping for a car: Before you buy, you should look under the hood.
ETFs own baskets of securities that are designed to track the performance of a certain market index.
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Source: Wall Street Journal
The Nonidentical Twins of ETFs
Differences in the way indexes are weighted will make similar-looking funds diverge
May 4, 2015--Shopping for an exchange-traded fund has at least one key thing in common with shopping for a car: Before you buy, you should look under the hood.
ETFs own baskets of securities that are designed to track the performance of a certain market index.
view more
Source: Wall Street Journal
Markets, regulators still feel effects of "flash crash"
May 4, 2015--Since the 2010 "flash crash," regulators have extended trading pauses following steep drops in markets and taken steps to ensure brokers' quotes remain legitimate in the markets they make.
However, experts who have scrutinized the "flash crash" say another such event could happen now.
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Source: SmartBrief
Where are people searching for financial advisers, planners and brokers?
A deep dive with Google Trends finds results that may surprise you
May 4, 2015--Advisers, take note. You may not realize how-or where-investors are searching for financial advice.
Using Google Trends, a tool that tracks search terms around the world, InvestmentNews found that some terms are stronger than others on a state-by-state basis. For example, of all the states, people in New Jersey searched the most for "financial advisor" while its neighbors in New York searched the most for "broker."
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Source: Investment News
CBOE Holdings to List VIX "Weeklys" Futures and Options
May 1, 2015--CBOE Holdings, Inc. (NASDAQ: CBOE) today announced that it plans to list futures and options with weekly expirations on the CBOE Volatility Index(R) (VIX(R) Index), the leading market barometer of U.S. equity market volatility.
VIX Weeklys futures are expected to begin trading at CBOE Futures Exchange (CFE®) in July, subject to regulatory review. VIX Weeklys options are expected to begin trading at Chicago Board Options Exchange(R) (CBOE(R)) shortly thereafter, also subject to regulatory approval.
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Source: CBOE
CBOE Holdings Reports April 2015 Trading Volume
May 1, 2015--Total Volume of 91.4 Million Contracts
ADV of 4.4 Million Contracts, Down 15% From Year Ago
CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that total trading volume during April for options contracts on Chicago Board Options Exchange(R) (CBOE(R)) and C2 Options Exchange (C2) and futures contracts on CBOE Futures Exchange (CFE(R)) was 91.4 million contracts, a decrease of four percent versus March 2015 and a decrease of 15 percent from April 2014.
Total options and futures average daily volume (ADV) at CBOE Holdings during April was 4.4 million contracts, an increase of one percent from March 2015 and a decrease of 15 percent from April 2014.
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Source: CBOE
ISE Holdings Reports Business Activity for April 2015
May 1, 2015--ISE and ISE Gemini combined represent 16.7% of equity options market share, excluding dividend trades.
ISE and ISE Gemini reported a combined ADV of 2.4 million contracts.,br>
Dividend trades made up 0.7% of industry volume in April 2015.
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Source: ISE Holdings
IMF Working paper-The Potential Macroeconomic Impact of the Unconventional Oil and Gas Boom in the United States
May 1, 2015--Summary: This paper uses two of the IMF's structural macroeconomic models to estimate the potential global impact of the boom in unconventional oil and natural gas in the United States. The results suggest that the impact on the level of U.S. real GDP over roughly the next decade could be significant, but modest, ranging between 1 and 1½ percent.
Further, while the impact on the U.S. energy trade balance will be large, most results suggest that its impact on the overall U.S. current account will be negligible. The impact outside of the United States will be modestly positive on average, but most countries dependent on energy exports will be affected adversely.
