Special Program Root Tag

Analysts at Standard & Poor's are looking to exchange-traded funds rooted in individual countries as a vehicle for advisors and their clients to compensate for sustained weakness in the U.S. economy.

The transmission of market data messages hit a new peak of 6.1 million messages a second Monday, as financial markets whipsawed in reaction to "news and rumors about the debt crisis in the Euro zone,'' Exegy said Tuesday.

The Depository Trust & Clearing Corp. is seeking industry comment on a new service designed to cap its own liquidity risk when it covers the default of a clearing member.The new service, called Continuous Net Settlement for Value, would allow DTCC to place "debit caps" on obligations of its National Securities Clearing Corp., in the event of a default that it has to cover. A debit cap would establish the maximum dollar amount that could be charged against the NSCC, in a default. NSCC would remain the central counterparty to a transaction but would not suffer a liquidity shortfall.Currently, the NSCC funds obligations of a defaulting member in the short term and may not always have immediate access to that firm's positions to complete its obligations. Therefore, NSCC must always have the correct amount of liquidity it needs on hand.

PALM DESERT, CALIF.—“The past 60, 90 days have been the craziest that risk managers have ever faced in their careers, in terms of the national debate over the U.S. debt ceiling, market volatility and a host of other key risks asset managers are now facing,” said Joseph A. Carrier, chief risk officer at Legg Mason.

Palm Desert, Calif.—Driving down costs with more technological innovation and avoiding regulatory hurdles and losses through far more robust risk management are two of the key concerns of mutual fund boards today.

Instinet said it handled 43 percent more volume in the trading of stocks in the United States in August, compared to July.

Long-only institutional traders are widely worried about the impact of high-frequency trading programs on the shape of equities markets, according to a survey conducted on behalf of Liquidnet, operator of a venue for trading anonymously in large blocks of shares.

Forty-two percent of hedge fund managers became bearish on stocks in August, up markedly from 27% who were pessimistic in July, according to a survey by BarclayHedge and TrimTabs Investment Research. This is the largest percentage of bearish hedge fund managers in a year.

Netting.

The concept release is out. And the Securities and Exchange Commission wants to know: Just how much leverage should a mutual fund have?

As managing director for global product management for U.S. financial institutions at BNY Mellon, Jim Cecere is in a unique position to see developing trends in the asset management industry.

WASHINGTON - Although Federal Reserve Board officials promised to unveil a long-awaited package of key Dodd-Frank rules by the end of the summer, the central bank is likely to need more time to complete them.

The constant barrage of bad news has eroded consumer, investor and business confidence to dangerously low levels.

Deloitte Consulting has promoted Elizabeth Krentzman from principal to head of its mutual fund practice, a new position at the firm that oversees its auditing, tax, financial advisory and consulting businesses for the fund industry.

As the saying goes, fool me once, shame on you. Fool me twice, shame on me.

Citi has won a full-service administration contract to support $4 billion of registered assets at Diamond Hill Capital Management of Columbus, Ohio. Thus, the scope of service Citi will provide includes administration, accounting, transfer agency, global custody and securities lending.

First Trust Advisors has selected JPMorgan to sponsor 21 exchange-traded funds it is listing on the Mexican stock exchange, Bolsa Mexicana de Valores.

The Securities and Exchange Commission is in the early stages of a major examination into the operations of hedge fund companies and investment banks that engage in high-frequency trading.

SS&C Technologies Holdings has completed its acquisition of BDO Simpson Xavier Fund Administration Services Limited, in Dublin, Ireland.

Fidelity Investments’ RIA custodian business has announced a new tool, Technology Investment Evaluator, to help advisers run their businesses more efficiently.