Americas ETP News
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SSgA Pushes Bespoke ETF Envelope
December 30, 2013--The ETF revolution continues, with fund firms big and small
unveiling hot new ideas and innovations.
For example, State Street has filed a proposal with the SEC to
launch the SPDR SSgA Flexible Allocation ETF would use State
Street's proprietary tactical asset-allocation strategy, whose
underpinnings are signals provided by in-house models that the
firm has created, according to Morningstar.
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Source: Mutualfundwire.com
CFTC.gov Commitments of Traders Reports Update
December 30, 2013--The current reports for the week of December 24, 2013 are now available.
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Source: CFTC.gov
Agencies Reviewing Treatment of Collateralized Debt Obligations Backed by Trust Preferred Securities under Final Rules Implementing the "Volcker rule"
December 27, 2013--The Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, and the Securities and Exchange Commission on Friday said they are reviewing whether it would be appropriate and consistent with the Dodd-Frank Wall Street Reform and Consumer Protection Act not to subject
collateralized debt obligations backed by trust preferred securities to the investment prohibitions of section 619 of Dodd-Frank, otherwise known as the "Volcker rule."
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Source: SEC.gov
Pax World to Exit ETF Business, Merge Socially Responsible ETF Into an Open-End Fund
December 27, 2013--On Thursday, Dec. 12, Pax World announced that it plans to merge its socially responsible ETF into a newly created open-end mutual fund.
The firm announced that sometime in early 2014, it will merge the $55.5 million Pax MSCI EAFE ESG Index ETF (EAPS) and a Pax open-end mutual fund, the $44.5 million Pax World International Fund (PXIRX), into a newly created fund, to be named Pax World International ESG Index Fund.
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Source: Morningstar
CFTC Grants Singapore Exchange Derivatives Clearing Ltd. Registration as a Derivatives Clearing Organization
December 27, 2013--The U.S. Commodity Futures Trading Commission (CFTC) issued an Order granting Singapore Exchange Derivatives Clearing Limited (SGX-DC) registration as a derivatives clearing organization pursuant to
Section 5b of the Commodity Exchange Act.
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Source: CFTC.gov
U.S. Commodity Futures Trading Commission and Monetary Authority of Singapore Sign Memorandum of Understanding to Enhance Supervision of Cross-Border Regulated Entities
December 27, 2013--Today, leaders of the U.S. Commodity Futures Trading Commission (Commission) and the Monetary Authority of Singapore (MAS) signed a Memorandum of Understanding (MOU) regarding cooperation and the exchange of information in the supervision and oversight of regulated entities
that operate on a cross-border basis in the United States and Singapore.
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Source: CFTC.gov
Copper spikes on 'fat finger' trade
December 26, 2013--Copper prices rose to their highest finish in seven months Tuesday after an erroneous trade triggered a late-session rally.
The most actively traded contract, for March delivery, gained 6.65 cents, or 2%, to $3.3740 a pound on the Comex division of the New York Mercantile Exchange. This was the highest settlement price since May 22.
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Source: cableabc.net
Effective swaps oversight undercut by inaccurate data reporting
December 26, 2013--The Commodity Futures Trading Commission's efforts to create a system for tracking derivatives trading is running into trouble because it relies on what is turning out to be bad data.
The regulator is trying to correct errors that have caused much of the information it produces to be unreliable. The agency has already incorrectly reported the size of some swaps used in interest-rate hedging.
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Source: smartbrief.com
Federal Court Gives Regulators Until Dec. 30 to Respond in Volcker Case
Regulators Want Additional Time to Respond to ABA's Demand to Halt Provision of Volcker Rule
December 26, 2013--A federal court Thursday partially granted banking regulators' request for additional time to respond to an industry group's demand that they halt a provision of the Volcker rule.
The Federal Reserve, Federal Deposit Insurance Corp. and Office of the Comptroller of the Currency have until Monday to respond to the American Bankers Association's request to delay the provision, according to an order filed in the U.S. Court of Appeals for the District of Columbia Circuit.
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Source: Wall Street Journal
CFTC.gov Swaps Report Update
December 26, 2013--CFTC's Weekly Swaps Report has been updated, and is now available.
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Source: CFTC.gov
