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ROBO-STOX(TM) Global Robotics and Automation ETF Surpasses $25 Million In Assets Under Management
ETF Tracking the Robotics/Automation Industry's First Benchmark Index Achieves Major Asset Milestone Following First Month of Trading
December 11, 2013-- ROBO-STOX LLC, the world leader in developing investment solutions targeting the robotics and automation space, has announced that the ROBO-STOX(TM) Global Robotics and Automation Index ETF (ROBO) amassed more than $25 million in assets under management as of November 30, 2013.
The Fund became available to investors on NASDAQ through the Exchange-Traded Concepts platform on October 22, 2013.
"The rapid accumulation of assets in our exchange-traded fund provides evidence of the overwhelming interest from investors in the worldwide robotics and automation sector," said Rob Wilson, Chief Executive Officer of ROBO-STOX.
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Source: ROBO-STOX LLC
Nasdaq plans "dark pool" for U.S. Treasuries
December 10, 2013--Nasdaq OMX Group plans to create a so-called dark pool for electronic U.S. Treasuries trading where buying and selling interest is not revealed, even on a post,trade basis, the company's chief executive officer said on Tuesday.
Nasdaq, which runs the No. 2 U.S. equities exchange, closed its $750 million acquisition of eSpeed, an electronic Treasuries-trading platform formerly run by BGC Partners Inc, in July.
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Source: Reuters
Agencies Issue Final Rules Implementing the Volcker Rule
December 10, 2013--Five federal agencies on Tuesday issued final rules developed jointly to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Volcker Rule").
The final rules prohibit insured depository institutions and companies affiliated with insured depository institutions ("banking entities") from engaging in short-term proprietary trading of certain securities, derivatives, commodity futures and options on these instruments, for their own account.
The final rules also impose limits on banking entities' investments in, and other relationships with, hedge funds or private equity funds.
Like the Dodd-Frank Act, the final rules provide exemptions for certain activities, including market making, underwriting, hedging, trading in government obligations, insurance company activities, and organizing and offering hedge funds or private equity funds. The final rules also clarify that certain activities are not prohibited, including acting as agent, broker, or custodian.
view the final rules
Source: FRB
ISE Receives "Best Risk Management Initiative" Award
December 10, 2013--International Securities Exchange (ISE) announced today that it received the "Best Risk Management Initiative" Award at the 2013 American Financial Technology Awards (AFTAs), hosted by Waters Technology.
Winners were determined by a panel of independent industry judges and Waters editorial staff.
Daniel Friel, Chief Information Officer of ISE said, "On behalf of the Technology Division at ISE, we are truly honored to receive this award for the Best Risk Management Initiative for 2013. Risk management is an important focus of our technology roadmap. We work hard to continually enhance the risk management functionality available to our member firms through our PrecISE(R) front-end execution and order management system and through our T7(TM) trading platform so that they have the utmost confidence when sending orders and quotes to ISE and ISE Gemini."
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Source: International Securities Exchange (ISE)
BNY Mellon ADR Index Monthly Performance-November 2013
December 10, 2013----The BNY Mellon ADR Index Monthly Performance-November 2013 Update has been published and is now available for review.
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Source: BNY Mellon
Market Vectors Announces the Launch of New Emerging Markets Aggregate Bond ETF (EMAG)
Fund launch completes the conversion of the Market Vectors LatAm Aggregate Bond ETF (BONO) into the more broadly diversified EMAG
December 10, 2013--Market Vectors ETFs today announced the launch of its newest ETF, Market Vectors(R) Emerging Markets Aggregate Bond ETF (NYSE Arca: EMAG), completing the conversion announced in October of the Market Vectors(R) LatAm Aggregate Bond ETF (NYSE Arca: BONO) into this new fund.
EMAG seeks to track, before fees and expenses, the price and yield performance of the Market Vectors(R) EM Aggregate Bond Index (MVEMAG), which includes the four major categories of emerging markets bonds: 1) U.S. dollar and Euro denominated sovereigns; 2) local currency sovereigns; 3) U.S. dollar and Euro denominated corporates; and, 4) local currency corporates.
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Source: Van Eck Securities
Millions of hidden share trades to be revealed
December 9, 2013-Millions of previously hidden US stock trades were revealed for the first time on Monday 9 December thanks to research from a team of academics.
Previously odd lots, which are trades of less than 100 shares, have not been revealed on the publicly available 'consolidated tape', with only big investment banks and sophisticated computer-powered high-frequency traders paying to see them from individual exchanges. It was thought they were used only by small retail investors and so were not important.
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Source: Warwick Business School
BNY Mellon Named to Support Innovative db X-trackers Harvest CSI 300 China A-Shares Fund as Provider of Custody and ETF Fund Services
Expands Relationship with Deutsche Bank Asset & Wealth Management
December 9, 2013--BNY Mellon, the global leader in investment management and investment services, has been named to support the innovative db X-trackers Harvest CSI 300 China A-Shares Fund (ASHR) by providing custody, fund accounting, administration, and transfer agency services.
The fund, launched on NYSE Euronext on November 6, 2013, is the first Renminbi Qualified Foreign Institutional Investor (RQFII) exchanged-traded fund (ETFs) available to U.S. investors to invest in physical Chinese equities listed on the Shanghai and Shenzhen exchanges.
"This expands our relationship with BNY Mellon, which is the primary service provider to Deutsche Bank's ETF business in the U.S., which now encompasses 27 funds," said Martin Kremenstein, head of passive asset management Americas for Deutsche Asset and Wealth Management. "BNY Mellon has the expertise and resources to help us quickly launch innovative and complex new funds that can provide investors with a range of choices among asset classes."
"This is another example of BNY Mellon's ability to help bring to market a pioneering product," said Joseph F. Keenan, managing director, BNY Mellon, and head of the Global ETF Services business. "Until now, most Chinese ETFs have been limited to providing exposure to Hong Kong equities. This expands the opportunities available to investors and enables them to gain direct exposure to the stocks of companies trading on the Shanghai and Shenzhen exchanges."
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Source: BNY Mellon
BlackRock Canada Announces Re-Opening of CSD, CHB and CBR With Completion of Previously Announced Changes
December 9, 2013--Announcement relating to the following iShares Funds:
iShares Advantaged Short Duration High Income ETF (formerly, iShares Advantaged Short Duration High Income Fund) ("CSD")
iShares Advantaged U.S. High Yield Bond Index ETF (CAD-Hedged)
(formerly, iShares Advantaged U.S. High Yield Bond Index Fund (CAD-Hedged)) ("CHB")
iShares Broad Commodity Index ETF (CAD-Hedged) (formerly, iShares Broad
Commodity Index Fund (CAD-Hedged)) ("CBR")
On September 17, 2013, BlackRock Asset Management Canada Limited("BlackRock Canada"), an indirect, wholly-owned subsidiary ofBlackRock, Inc. ("BlackRock"), announced certain changes to CSD, CHB,CBR and other iShares funds managed by BlackRock Canada that useforward agreements for certain investment purposes, in response toproposed new federal taxation rules first introduced in conjunctionwith the 2013 Federal Budget. Following the initial announcement ofthese proposed rules, CSD, CHB and CBR had temporarily stoppedaccepting subscriptions, except in certain limited circumstances.
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Source: menafn.com
DB-Synthetic Equity & Index Strategy-US ETF Market Monthly Review-Equity ETPs gathered $14.5bn in line with positive market performance
December 9, 2013--Data in this report is as of Friday, November 29th
US ETP assets higher by $28.3bn
ETP assets in the US rose by $28.3bn to $1.647 trillion (YTD +23.5%) last month. Global ETP industry assets closed at $2.227 trillion (YTD 21.1%)
Flows Review: Equity keeps on shinning
US ETPs experienced inflows of $12.8bn during November (+0.8% of last month's AUM).
Within long-only ETPs, total flows were +$12.7bn in November vs. +$26.3bn in October. Equity, Fixed Income, and Commodity long-only ETPs experienced flows of +$14.3bn, -$0.4bn and -$1.4bn, respectively.
Equity products kept gathering fresh new assets during November as investors’ risk appetite was fueled by a US recovery which brought ETPs focusing in the US to capture $9.5bn inflows last month; furthermore, flows into ETPs offering exposure to developed countries outside the US continue the strong uptrend seen since July of this year; moreover, Japanese focused ETPs (+$1.3bn) are back on track gathering once again top country (ex US) monthly inflows as the nation’s consumer inflation accelerates and factory output points to a healthy recovery; conversely, emerging market ETPs experienced strong outflows of $4.6bn, mostly due to broad exposure products. Meanwhile, in the Fixed Income space we saw allocation moving closer to neutral as investors await on clearer signs on when tapering might begin; curve positioning favored the short range (+$1.4bn) and HY (+$0.4bn) dominated quality-wise. Lastly, Commodity ETPs continue bleeding assets for the eleventh consecutive month, bringing YTD net redemptions to $27.0bn; moreover, 97% of that can be attributed to Gold ETPs (-$1.3bn, -$26.1bn YTD)
New Launch Calendar: listing activity remains strong across asset classes
There were ten new ETFs and one new ETN listed during the previous month. Eight of them were listed in the NYSE Arca, one listed in NASDAQ and the remaining two were listed in BATS. The new products offer the first non-derivative exposure to China A-Share market, short term EM debt, active short duration US government debt, US financial sector, energy infrastructure, global real estate, treasury-hedged IG debt, frontier and emerging markets, Portuguese equities, currency-hedged Korean market and income through a diversified basket of securities.
Turnover Review: Floor activity decreased by 26% in November
ETP turnover totaled $1.073 trillion last month, 25.9% (-$374.7bn) lower than the previous month figure of $1.448 trillion, and 8.1% below last year's monthly average of $1.168 trillion. Equity, Fixed Income and Commodity ETPs turnover decreased by $335.2bn (-25.8%), $19.0bn (-21.8%) and $15.1bn (-33.7%) during November, respectively.
ETP trading made up 24.4% of all US cash equity trading in November, down from this year's peak of 32.0% in June, and still below its 3-year monthly average of 28.1%.
request report
Source: Deutsche Bank-Synthetic Equity & Index Strategy-North America
