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Horizons ETFs Management (USA) LLC Launches Horizons S&P Financial Select Sector Covered Call ETF
November 18, 2013--Horizons ETFs Management (USA) LLC ("Horizons USA"), a member of the Horizons ETFs Group, one of the largest collective families of exchange traded funds (ETFs) in the world, announced today that it has launched the Horizons S&P Financial Select Sector Covered Call ETF ("HFIN"), an ETF that uses an innovative covered call strategy designed to potentially generate additional income from the option-eligible stocks in the S&P Financial Select Sector Index (the "Reference Stock Index").
The new ETF begins trading today on the New York Stock Exchange under the symbol HFIN (HFIN).
HFIN generally seeks to provide exposure to the performance of the S&P 500 Financial Select Sector Stock Covered Call Index (the "Underlying Index") and will make monthly distributions of dividend and net call option income, if any. Horizons USA has an exclusive agreement with S&P Dow Jones Indices LLC ("S&P") to offer an ETF in the U.S. based on the Underlying Index.
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Source: Horizons ETFs Group
Treasury International Capital Data for September
November 18, 2013--The U.S. Department of the Treasury today released Treasury International Capital (TIC) data for September 2013. The next release, which will report on data for October 2013, is scheduled for December 16, 2013.
The sum total in September of all net foreign acquisitions of long-term securities, short-term U.S. securities, and banking flows was a monthly net TIC outflow of negative $106.8 billion. Of this, net foreign private outflows were negative $101.4 billion, and net foreign official outflows were negative $5.4 billion.
Foreign residents increased their holdings of long-term U.S. securities in September; net purchases were $62.3 billion. Net purchases by private foreign investors were $77.6 billion, while net sales by foreign official institutions were $15.3 billion.
U.S. residents increased their holdings of long-term foreign securities, with net purchases of $36.8 billion.
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Source: US Department of the Treasury
Treasury Arm Gets Earful From Asset Managers
November 17, 2013--The asset-management industry is pushing back against a powerful, yet little-known Treasury Department office that is laying the groundwork for tougher federal regulation of mutual funds and other asset managers.
Large firms such as BlackRock Inc., Pacific Investment Management Co. and Fidelity Investments are blasting a report by the Office of Financial Research that found asset managers could pose risks to the broader financial system.
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Source: Wall Street Journal
Investors add $34.1 billion to equity mutual funds in last four weeks
November 17, 2013--Investors poured some $34.1 billion into all equity mutual funds and exchange-traded funds in the past four weeks that ended November 13, the biggest four-week total since January, according to data from TrimTabs Investment Research.
TrimTabs research published on Sunday showed that retail investors have been piling into stocks at the fastest rate since January, when $38 billion flowed into equities.
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Source: Yahoo Finance
Factor Capital Management, LLC announces that it will close 5 ETF Funds.
November 16, 2013--On November 5, 2013, Factor Capital Management, LLC, a commodity pool operator (the "Managing Owner"), today announced that it has determined to close each of the Funds. The following table lists the name, ticker symbol and CUSIP number of each Fund:
|
Fund Name |
Ticker |
CUSIP |
|
FactorShares 2X: S&P500 Bull/TBond Bear |
FSE |
303046 106 |
|
FactorShares 2X: TBond Bull/S&P500 Bear |
FSA |
303047 104 |
|
FactorShares 2X: S&P500 Bull/USD Bear |
FSU |
303048 102 |
|
FactorShares 2X: Oil Bull/S&P500 Bear |
FOL |
30304P 104 |
|
FactorShares 2X: Gold Bull/S&P500 Bear |
FSG |
30304T 106 |
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Source: CNN Money
CFTC.gov Commitments of Traders Reports Update
November 15, 2013--The current reports for the week of November 12, 2013 are now available.
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Source: CFTC.gov
CFTC Issues Final Rules for Derivatives Clearing Organizations to Align with International Standards
November 15, 2013--The Commodity Futures Trading Commission (CFTC) today finalized rules to establish additional standards for systemically important derivatives clearing organizations (SIDCOs).
The rules were passed unanimously via Seriatim vote by the Commission.
These rules, together with the existing derivatives clearing organizations rules, establish Commission regulations that are consistent with the Principles for Financial Market Infrastructures (PFMIs) and would allow SIDCOs to continue to be Qualifying Central Counterparties for purposes of international bank capital standards.
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Source: CFTC.gov
NYSE and Nasdaq Plan to Back Up One Another's Data Streams
November 15, 2013--The committees that control consolidated data feeds for Nasdaq OMX Group and NYSE Euronext are looking at ways to strengthen the internal backup systems for their respective streams, according to a person familiar with the situation.
The collaboration would strengthen one of the stock market's common points of failure. The committees, which together include members of all U.S. exchanges, are also discussing other ideas that could stabilize the infrastructure of the financial exchanges.
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Source: Wall Street Journal
CFTC Passes Collateral Rule to Backstop Treasuries in Swap Trade
November 15, 2013--The U.S. Commodity Futures Trading Commission approved a rule aimed at ensuring that Treasuries pledged as collateral for swaps and futures trades can be instantly converted to cash.
With today's vote, the nation's main derivatives regulator toughened safeguards in a market blamed for worsening the 2008 global financial crisis. The four commissioners didn't change language mandating that Treasuries be subject to a "prearranged and highly reliable funding arrangement," according to a copy of the rule on its website.
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Source: Bloomberg
TMX Group Launches Financial Literacy Resource
TMX Capital Markets Learning Centre to Open Toronto Stock Exchange Today
November 15, 2013--TMX Group today announced that it has created a capital markets education tool. The TMX Capital Markets Learning Centre (www.tmx-edu.com) is a free, web-based information portal designed to help Canadians gain a better understanding of the markets.
Representatives from the Government of Canada will join Tom Kloet, CEO, TMX Group, to open trading on Toronto Stock Exchange today to mark the launch.
At the heart of the Centre lies the new TMX Trading Simulator, a unique, risk-free market experience where investors can trade both equities and options in a "real world" environment. With the TMX Trading Simulator, users simply sign-in and create a virtual portfolio and they are ready to employ a variety of trading strategies against actual market data.
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Source: TMX