Americas ETP News
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CBOE Looks to Broaden Appeal of VIX Products
January 25, 2013--CBOE Holdings, buoyed by the phenomenal success of options and futures contracts based on its Volatility Index, is ratcheting up its efforts to broaden their appeal.
“The volatility business is only eight years old, but we see terrific growth,” Ed Tilly, CBOE’s president and chief operating officer, told a gathering of reporters in New York recently. “We see hedge funds, prop trading firms, (commodity trading advisors), insurance companies and other institutional users migrating to the product. It’s very important for us.”
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Source: Traders Magazine
S&P Dow Jones Indices Announces Changes To The S&P/TSX Canadian Indices-A Deletion From The S&P/TSX SmallCap Index
January 25, 2013--S&P Canadian Index Services will make the following changes in the S&P/TSX Canadian Indices:
The shareholders of Spartan Oil Corp. (TSX:STO) have agreed to the terms of a Plan of Arrangement with Bonterra Energy Corp. (TSX:BNE).
Spartan Oil will be removed from the S&P/TSX SmallCap Index effective after the close of Tuesday, January 29, 2013.
Source: S&P Canadian Index Services
International Securities Exchange Weekly Listings, January 25, 2013
January 25, 2013--The International Securities Exchange (ISE) listed new options classes during the week beginning January 21, 2013 as described below.
Effective Wednesday, January 23, 2013, the ISE will list options on the following product(s) along with their related symbol(s):
Bin 8 - Citadel Securities LLC Equity
BRE Properties Inc. (Symbol: BRE, Trading Symbol(s): BRE) will trade on a January expiration cycle with exercise and position limits of 250000. EMCOR Group Inc. (Symbol: EME, Trading Symbol(s): EME) will trade on a January expiration cycle with exercise and position limits of 75000. Amicus Therapeutics Inc. (Symbol: FOLD, Trading Symbol(s): FOLD) will trade on a January expiration cycle with exercise and position limits of 75000. Lancaster Colony Corp. (Symbol: LANC, Trading Symbol(s): LANC) will trade on a March expiration cycle with exercise and position limits of 25000.
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Source: Mondovisione
Van Eck files with the SEC
January 25, 2013--Van Eck has filed a post-effective amendment, registration statement with the SEC for the
Market Vectors Bank and Brokerage ETF (RKH)
Market Vectors Biotech ETF (BBH)
Market Vectors Environmental Services ETF (EVX)
Market Vectors Gaming ETF (BJK)
Market Vectors Pharmaceutical ETF (PPH)
Market Vectors Retail ETF (RTH)
Market Vectors Semiconductor ETF (SMH)
Market Vectors Wide Moat ETF (MOAT)
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Source: SEC.gov
Obama picks Mary Jo White to head SEC
January 24, 2013--President Obama on Thursday nominated Mary Jo White, a former federal prosecutor in New York, to head the Securities and Exchange Commission, the watchdog agency that monitors Wall Street and corporate financial disclosures.
"You don't want to mess with Mary Jo," Obama said in a press conference. "As one former SEC chairman said 'Mary Jo doesn't intimidate easily.' And that's important, because she's got a big job ahead of her."
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Source: CNN
S&P hits 1,500 for first time in 5 years
January 24, 2013--The broad S&P 500 brushed up on the 1500 mark for the first time since before the financial crisis in December 2007.
Meanwhile, shares of Apple weighed on the Nasdaq.
Today's Markets
As of 3:40 p.m. ET, the Dow Jones Industrial Average rose 66 points, or 0.48%, to 13845, the S&P 500 climbed 2.4 points, or 0.16%, to 1497 and the Nasdaq Composite dipped 18.5 points, or 0.58%, to 3135.
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Source: Fox Business News
Commissioner Jill Sommers Announces her Resignation
January 24, 2013--Today, Commissioner Jill Sommers made the following statement:
"As I prepare to leave the Commodity Futures Trading Commission I would like to acknowledge the hard work and dedication of my fellow Commissioners and the many talented staff with whom I have had the pleasure of working for the past five years.
While many challenges remain in finalizing the implementation of the Dodd-Frank Act, I have every confidence that the American public will be well-served by their continuing efforts.”
Source: CFTC.gov
Gold rules 2012 U.S. commodity ETF money with Spyder and iShares
US monetary easing, economy fuel rush into gold ETFs
Spyder attracts $5.3 bln net, iShares $2.4 bln
Lipper universe of U.S. commods products see $11 bln inflow
PIMCO's institutional commodity fund bleeds most money
January 23, 2013--Gold dominated the money that flowed into U.S. commodity exchange-traded funds last year, with 70 percent of investments going into just two funds, after a new round of stimulus in the world's largest economy, Thomson Reuters data showed.
SPDR Gold Trust, also known as Spyder Gold, saw the biggest net inflow of $5.3 billion in 2012, according to data by Lipper, a Thomson Reuters company. BlackRock's iShares Gold drew the second largest net amount of $2.4 billion.
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Source: Reuters
US Department of the Treasury-
January 23, 2013--The Economic Statistics- Monitoring the Economy for U.S. Department of the Treasury has recently been updated.
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Source: US Department of the Treasury
ICG Group selling Investor Force for $23.5 million
January 23, 2013--ICG Group, a technology company that operates cloud-based software and services, is selling software provider Investor Force Holdings Inc. to MSCI Inc. for $23.5 million in cash.
MSCI offers a variety of performance, risk management and corporate governance products and services. These include indices and credit analytics. The New York company's clients include asset managers, banks, hedge funds and pension funds.
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Source: Bloomberg Businessweek
