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CFTC's Division of Swap Dealer and Intermediary Oversight Issues Time-Limited No-Action Letter Providing Relief Surrounding Certain Foreign Exchange Transactions with a Settlement Cycle of No More than Seven Local Business Days

May 2, 2013--The Commodity Futures Trading Commission's (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a time-limited no-action letter that provides swap dealers and major swap participants with relief from compliance with External Business Conduct Standards

rules in connection with certain foreign exchange transactions that have a settlement cycle of no more than seven local business days.

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Source: CFTC.gov


'This is a big deal': Bloomberg entering online advice market

'BloombergBlack' offering aimed at mass affluent; 'others likely to copy it'
May 2, 2013--An 800-pound gorilla is wading into the market for online investment management and financial advice.

Bloomberg LP is quietly testing a "premium" wealth management service, BloombergBlack, aimed directly at the mass-affluent market. For $100 a month, users of BloombergBlack will have access to account aggregation, personalized investment advice, and financial and editorial content already being produced by Bloomberg.

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Source: Investment News


MAXIS(R) Nikkei 225 Index Fund named to Schwab ETF Select List(TM) for the second quarter of 2013

May 2, 2013--Precidian Funds LLC, a wholly-owned subsidiary of Precidian Investments LLC, is pleased to announce that that the MAXIS(R) Nikkei 225 Index Fund (NKY:NYSE Arca) has been selected to fill the Japan stock category on the Schwab ETF Select List for the second quarter of 2013.

The MAXIS(R) Nikkei 225 Index Fund seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of publicly traded securities in the Japanese market, as measured by the Nikkei 225 Index.

"We are excited that Charles Schwab chose to add the MAXIS(R) Nikkei 225 Index Fund to their ETF Select List," stated Dan McCabe, Chief Executive Officer of Precidian Funds. "Given that Japan is the third-largest economy as measured by GDP, many U.S. investors are looking for ways to gain exposure to Japan so helping them find a cost-effective way to get access to Japan via such a well-recognized global equity benchmark makes sense," continued Mr. McCabe.

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Source: Wall Street Journal


Global X Funds Announces Reverse Splits For Six ETFs

May 2, 2013--Global X Funds, the New York based provider of exchange traded funds (ETFs), announced today that its Board of Trustees has approved reverse share splits for six of its ETFs.

The total market value of the shares outstanding will not be affected as a result of these splits, except with respect to the redemption of fractional shares, as outlined below.

The firm will execute a 1-for-4 reverse split of the shares of the Global X Gold Explorers ETF (GLDX) for shareholders of record after the close of the markets on Thursday, May 16, 2013.

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Source: Global X


Update to the 2013 Trends to Watch

May 2, 2013--May 2, 2013--Fund flows are clearly seeking Alpha in ETFs!
Year to date net inflows acording to XTF were about $65.29 billion at the end of April. This number is impressive on a number of levels.

First, the absolute amount puts the industry on a trend to exceed last year’s near $200 billion. Second, it has been broad based. Third, investor or ETF Strategist have clearly been embracing newer types of solution as evidenced by fund flows in low volatility solutions. Fourth, ETF flows into the Japanese market (DXJ and EWJ) at about $10 billion arguably reflect actions by the Bank of Japan who also has plans to use ETFs to stimulate its economy. However, what we see as most impressive is how the flows are starting to spread out beyond just the Top 50 or Top 100 Funds. Since December 31, 2012, AUMs in the Top 50 and 100 ETFs have declined from 69% and 82% of AUMs to 62% and 77%, respectively. Most impressive has been the fact that ETFs with AUMS of greater than $250 million in AUMs has increased from 180 to 417 ETFs and there has been nearly a tripling of the number of ETFs with AUMS between $250 million and $2 billion. [1]Lastly, we note that SPY and GLD, YTD have seen negative flows of $5.41 billion and $6.8 billion.

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Source: Forefront Capital


Chicago Board Options Exchange Reports System Issues

May 2, 2013--The Chicago Board Options Exchange suffered more system problems early Thursday that hit trading in some stock-options contracts, a week after severe technical issues closed its markets for more than three hours.

The latest problems saw around 300 classes of stock options hosted on an exchange "business cluster" run by the CBOE open 10 minutes late Thursday, after the exchange reported system issues ahead of the start of trading.

Some "spread" trading strategies were unavailable to traders until a few minutes after 10:00 a.m. ET, according to notices sent to traders by the exchange.

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Source: NASDAQ


CFTC's Division of Swap Dealer and Intermediary Oversight Issues No-Action Letter Regarding the Obligation of Swap Dealers and Major Swap Participants to Provide Certain Disclosures for Certain Transactions Under Regulation 23.431

May 1, 2013--The Commodity Futures Trading Commission's (CFTC) Division of Swap Dealer and Intermediary Oversight (DSIO) today issued a no-action letter that provides swap dealers and major swap participants with relief from certain disclosure requirements

prescribed under Commission Regulation 23.431.

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Source: CFTC.gov


ISE Reports it is the Largest Equity Options Exchange in April 2013

May 1, 2013--ISE was the largest equity options exchange in April with a market share of 17.8%, excluding dividend trades.
Dividend trades made up 2.1% of industry volume in April 2013.
The International Securities Exchange (ISE) today reported an average daily volume of 2.7 million contracts in April 2013.

This represents an increase of 4.5% compared to April 2012. Total options volume for the month was 59.8 million contracts. ISE was the largest U.S. equity options exchange in April with a market share of 17.8%*.

Business highlights for the month of April include:

On April 24, ISE introduced its new corporate branding. The new visual identity spans a redesigned corporate website and expanded social media presence.

On April 23, ISE announced that it received the award for “Most Proactive Exchange for ETF Options/Derivatives” at the 9th Annual Global ETF Awards(R).

On April 11, ISE introduced ISE GeminiTM as the brand name of its second options exchange.

For the month of April, Implied Order functionality accounted for 6.7% of all non-crossing, multilegged contract volume executed on ISE.

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Source: International Securities Exchange (ISE)


CBOE Holdings Reports April 2013 Trading Volume

VIX Futures Post Busiest Month Ever
C2 Establishes All-Time Monthly Records
May 1, 2013--CBOE Holdings, Inc. (NASDAQ: CBOE) reported today that April trading volume for options contracts on Chicago Board Options Exchange(R) (CBOE(R) ) and C2 Options Exchange (C2(SM) ) and futures contracts on CBOE Futures Exchange, LLC (CFE(R) ) totaled 102.70 million contracts.

Average daily volume (ADV) in April was 4.67 million contracts, up four percent from 4.49 million contracts in March 2013 and up one percent from 4.63 million contracts in April 2012.

Also in April, futures on the CBOE Volatility Index(R) (VIX(R) Index), traded on CFE, posted their busiest month ever, and C2 set all-time monthly total volume, average daily volume and market share records.

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Source: CBOE


Federal Reserve issues FOMC statement

May 1, 2013--Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace.

Labor market conditions have shown some improvement in recent months, on balance, but the unemployment rate remains elevated. Household spending and business fixed investment advanced, and the housing sector has strengthened further, but fiscal policy is restraining economic growth. Inflation has been running somewhat below the Committee's longer-run objective, apart from temporary variations that largely reflect fluctuations in energy prices. Longer-term inflation expectations have remained stable.

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Source: FBR


SEC Filings


June 26, 2026 John Hancock Exchange-Traded Fund Trust files with the SEC-John Hancock Large Cap Opportunities ETF
June 26, 2026 Exchange Listed Funds Trust files with the SEC-Integrity Dividend Harvest ETF
June 26, 2026 Schwab Strategic Trust files with the SEC-7 ETFs
June 26, 2026 Volatility Shares Trust files with the SEC-7 ETFs
June 26, 2026 PGIM Rock ETF Trust files with the SEC-4 PGIM S&P 500 Quarterly Buffer ETFs

view SEC filings for the Past 7 Days


Europe ETF News


June 23, 2026 New ETF and ETP Listings on June 23, 2026, on Deutsche Börse
June 23, 2026 Ranked: The EU's Biggest Trading Partners in 2026
June 18, 2026 HANetf becomes largest UCITS ETF issuer in Poland's ETF makret, with 8 new ETF listings and more to come
June 11, 2026 ETFGI reports European ETF Market Surges Past US$3.77 Trillion as Record Net Inflows Continue

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Asia ETF News


June 23, 2026 Mantle Becomes One of the First Ethereum L2s to Bring Franklin Templeton's USPX ETF On-Chain with xStocks
June 17, 2026 All Eyes on Korea: CSOP KOSPI 200 ETF (3121.HK) to List on HKEX Tomorrow
June 11, 2026 Hong Kong Investors Pay Over HK$7.3 Billion in Annual Trading Fees, 65% of Investors Underestimate Impact of Trading fees on Returns, The Era of AI Agentic Trading Could Further Amplify Trading Friction
June 04, 2026 Japanese Retail Investor Access Surges as U.S.-Listed ETFs Registered for Sale in Japan Expand by Nearly 50% Since 2023
June 03, 2026 Korean Retail Investors Continue to Be Active Purchasers of Overseas Listed ETFs in April

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Global ETP News


June 23, 2026 ETFGI reports Active ETF assets Hit a Record 2.49 Trillion USD and Record Net Inflows of 412 Bn USD YTD at the end of May
June 11, 2026 Middle East Conflict Sends Global Growth to Lowest Rate Since COVID-19

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Middle East ETP News


June 25, 2026 Mideast Stocks: Most Gulf markets ease on weaker oil, Fed rate-hike bets
June 23, 2026 ADX welcomes Lunate's first-of-its-kind GCC Shariah-compliant ETF

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Africa ETF News


June 16, 2026 Stablecoins in Nigeria: A Growing Cross-Border Channel
June 09, 2026 South African rand strengthens after surprise GDP growth data
May 26, 2026 Africa's growth holds firm amid global turbulence, says 2026 African Economic Outlook
May 26, 2026 Africa's growth holds firm amid global turbulence, says 2026 African Economic Outlook

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ESG and Of Interest News


June 23, 2026 Understanding Geoeconomics in a Volatile World
June 18, 2026 Who's Suing Whom in AI? Infographic
May 26, 2026 Infographic-Ranked: The World's Largest Stock Markets
May 26, 2026 Analyst on China's spent rocket stages: "Things only continue to get worse"
May 19, 2026 Idle Cash Could Leave over $130,000 on the Table by Retirement, Finds PensionBee

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White Papers


May 18, 2026 The Women's Health Innovation Radar: Revealing Gaps and Opportunities Across the Science-to-Patient Journey

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