Americas ETP News
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Fed sees October end for monthly bond buying
July 9, 2014--Federal Reserve officials are in broad agreement that they will likely announce an end to their monthly bond buying program in October, bringing to a close the third round of massive bond purchases the central bank has relied upon to boost economic growth following the Great Recession.
Minutes of the Fed's June 17-18 meeting released Wednesday showed officials were in basic agreement that the if the economy continues to improve, the final reduction in bond purchases would total a cut of $15 billion and would be announced at the Fed's Oct. 28-29 meeting.
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Source: 7 News
iShares Introduces Two Global ETFs
July 11, 2014--BlackRock's (BLK) iShares unit, the world's largest issuer of exchange traded funds, expanded its already sizable lineup of U.S.-listed ETFs with the introduction of two new funds that are plays on investment themes that have been prominent this year.
The iShares Currency Hedged MSCI EMU ETF (HEZU) is the issuer's newest addition to its currency hedged lineup.
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Source: etftrends.com
Canada's IIROC Publishes Guidance on Expansion of Circuit Breakers
July 11, 2014-In a move designed to continue to insulate the Canadian capital markets from any type of market structure snafu or problem, the nation's leading regulator is publishing extensive guidance on using single stock circuit breakers (SSCBs.)
The Investment Industry Regulatory Organization of Canada (IIROC) has published its Final Guidance report that expands the SSCB program in the nation's equity trading market.
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Source: Traders Magazine Online
CFTC.gov Commitments of Traders Reports Update
July 11, 2014--The current reports for the week of July 8, 2014 are now available.
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Source: CFTC.gov
First Bridge Data-US ETF Landscape: Mid-Year Report
July 10, 2014--US ETF Landscape: Mid-Year Report
US ETF assets grew to $1.86T, with 1612 ETPs listed in the US on June 30th.
This mid--year report looks at the year's 100 new launches, the best performers this year and the asset mix for the largest ETF sponsors.
Money Management Executive: Expert View In this article in MME, our founder examines the marketing & product development mindset that ETF sponsors need to grow their market share.
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Source:First Bridge Data
Chicago Fed Calls for Curbs on High-Frequency Trading
June 10, 2014--The Federal Reserve Bank of Chicago entered the debate over whether financial markets are fair, proposing limits on high-frequency trading firms and incentives to bring more buying and selling into public view.
Recommendations in a working paper published yesterday include breaking up the trading session into a series of half-second periods, a snail's pace in an era of microsecond trading.
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Source: Bloomberg
Minutes Of The Federal Open Market Committee, June 17-18, 2014
July 10, 2014--Developments in Financial Markets and the Federal Reserve's Balance Sheet
In a joint session of the Federal Open Market Committee (FOMC) and the Board of Governors of the Federal Reserve System, the deputy manager of the System Open Market Account (SOMA) reported on developments in domestic and foreign financial markets.
The SOMA manager reported on the System open market operations during the period since the Committee met on April 29-30, 2014, outlined the testing of the Term Deposit Facility, described the results from the fixed-rate overnight reverse repurchase agreement (ON RRP) operational exercise, and provided some possible options for adjusting the list of counterparties eligible to participate in ON RRP operations.
view the Minutes Of The Federal Open Market Committee, June 17-18, 2014
Soure: federalreserve.gov
Barclays Offers ETN Wagering on Corporates With Female Leaders
July 9, 2014--Barclays Plc (BARC), the U.K.'s second--largest bank by assets, is selling an exchange-traded note tied to public companies with female executives, betting on demand for products that promote women in leadership.
The ETN tracks an index created by the London-based bank that follows the performance of U.S. firms with a female chief executive officer or a board of directors that's at least 25 percent women, said Sue Meirs, Barclays' chief operating officer for equity and funds structured-market sales. The Women in Leadership ETN will begin trading tomorrow.
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Source: Bloomberg
Blackstone Alternative Asset Management and Legg Mason Choose State Street to Service Liquid Alternative Funds
As Liquid Alternatives Grow in Popularity, Product Innovation Must be Matched by Education
July 9, 2014--State Street Corporation (NYSE: STT) today announced that it has been selected by Blackstone Alternative Asset Management (BAAM) and Legg Mason for liquid alternatives fund servicing. Liquid alternatives refer to alternative investment strategies that are available through investment vehicles such as mutual funds, ETFs or closed-end funds that provide daily, weekly or biweekly liquidity.
In the US, liquid alternatives commonly take the form of Securities and Exchange Commission registered investment companies, often referred to as 40 Act funds. State Street offers reporting, compliance, accounting, custody, settlement and analytics services to liquid alternative fund managers and also services 14 of the top 25 liquid alternatives funds1.
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Source: State Street Corporation
NASDAQ OMX Lists AdvisorShares Sunrise Global Multi-Strategy ETF (Symbol: MULT)
Alternative Multi-Strategy Actively Managed ETF to Begin Trading on July 9, 2014
July 8, 2014--NASDAQ OMX today announced that AdvisorShares, Bethesda, MD.-based sponsor of actively managed exchange traded funds (ETFs) will launch a new ETF on Wednesday, July 9, 2014.
AdvisorShares Sunrise Multi-Strategy ETF (Symbol:MULT) will list on The NASDAQ Stock Market® (NASDAQ(R)).
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Source: NASDAQ OMX
