Chicago

BMO Launches New Exchange Traded Products on Cboe Canada

Retrieved on: 
Monday, October 2, 2023

Cboe Canada , the new business name of the NEO Exchange, is pleased to announce BMO has returned for the launch of four new Exchange Traded Products.

Key Points: 
  • Cboe Canada , the new business name of the NEO Exchange, is pleased to announce BMO has returned for the launch of four new Exchange Traded Products.
  • “We are pleased to launch our new Structured Outcome ETFs on the Cboe Canada Exchange.
  • “We are honoured that BMO has chosen once again to partner with Cboe Canada for the launch of their new funds.
  • In Canada, Cboe consistently facilitates more than 20% of all volume traded in Canadian ETFs and over 15% of all volume traded in Canadian-listed companies.

VanEck Launches EFUT, the Only Ethereum Futures ETF Structured as a C-Corp.

Retrieved on: 
Monday, October 2, 2023

VanEck is today launching the VanEck Ethereum Strategy ETF (CBOE: EFUT) , a unique new actively managed ETF designed to seek capital appreciation by investing in Ether (ETH) futures contracts.

Key Points: 
  • VanEck is today launching the VanEck Ethereum Strategy ETF (CBOE: EFUT) , a unique new actively managed ETF designed to seek capital appreciation by investing in Ether (ETH) futures contracts.
  • EFUT is the only ETF providing focused exposure to ETH futures that is structured as a C-Corp., potentially offering a more efficient tax experience for long-term investors.
  • EFUT invests in standardized, cash-settled ETH futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC).
  • Like EFUT, XBTF is also structured as a C-Corp. XBTF does not invest in BTC or other digital assets directly.

Department of Energy Funds New Center at Argonne for Decarbonization of Steelmaking: Reimagining the Steel Production Process

Retrieved on: 
Friday, September 29, 2023

The U.S. Department of Energy (DOE) recently announced $19 million in funding over four years for DOE’s Argonne National Laboratory to lead the multi-institutional Center for Steel Electrification by Electrosynthesis (C-STEEL).

Key Points: 
  • The U.S. Department of Energy (DOE) recently announced $19 million in funding over four years for DOE’s Argonne National Laboratory to lead the multi-institutional Center for Steel Electrification by Electrosynthesis (C-STEEL).
  • C-STEEL is a key project of the DOE's Industrial Heat Energy Earthshot initiative , which aims to significantly cut emissions from the energy-intensive process of industrial heating.
  • The most energy-intensive step in steel production involves converting iron ore into purified iron metal or iron alloys using blast furnaces.
  • The energy for this process is low enough that it could be provided by renewables or waste heat from a nuclear reactor.

VanEck Prepares to Launch Ethereum Futures ETF (EFUT)

Retrieved on: 
Thursday, September 28, 2023

VanEck today announced the upcoming launch of the VanEck Ethereum Strategy ETF (EFUT), an actively managed ETF designed to seek capital appreciation by investing in Ether (ETH) futures contracts.

Key Points: 
  • VanEck today announced the upcoming launch of the VanEck Ethereum Strategy ETF (EFUT), an actively managed ETF designed to seek capital appreciation by investing in Ether (ETH) futures contracts.
  • The Fund will invest in standardized, cash-settled ETH futures contracts traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC).
  • Currently, the only ETH futures the Fund intends to invest in are those traded on the Chicago Mercantile Exchange.
  • EFUT joins the VanEck Bitcoin Strategy ETF (XBTF) in providing futures-focused exposure to key digital assets.

BlackRock Expands Active ETF Suite With Equity Premium Income Strategy

Retrieved on: 
Thursday, September 28, 2023

BlackRock today announced the launch of the BlackRock Advantage Large Cap Income ETF (Cboe: BALI ), which seeks to generate a high level of monthly income with upside market participation1 to optimize income and growth within a risk managed framework.

Key Points: 
  • BlackRock today announced the launch of the BlackRock Advantage Large Cap Income ETF (Cboe: BALI ), which seeks to generate a high level of monthly income with upside market participation1 to optimize income and growth within a risk managed framework.
  • The actively managed ETF provides investors with greater access to the breadth of BlackRock's active investment platform, which combines the big data-empowered insights of BlackRock's Systematic portfolio management team alongside premium income streams.
  • “In the face of turbulent market conditions, we continue to see more client demand for active ETF strategies,” said Rachel Aguirre, U.S. Head of iShares Product at BlackRock.
  • As demand for active ETF strategies continue to grow, BlackRock is uniquely positioned to deliver liquidity, tax efficiency, and alpha in the convenience and accessibility of the ETF wrapper.

Taylor Swift and the end of the Hollywood writers strike – a tale of two media narratives

Retrieved on: 
Thursday, September 28, 2023

On Tuesday, Sept. 26, 2023, they were abuzz about Taylor Swift’s appearance at the Kansas City Chiefs game on Sunday.

Key Points: 
  • On Tuesday, Sept. 26, 2023, they were abuzz about Taylor Swift’s appearance at the Kansas City Chiefs game on Sunday.
  • Swift and Chiefs tight end Travis Kelce had left Arrowhead Stadium together in Kelce’s convertible, confirming dating rumors.
  • Across online media platforms, the WGA announcement on Sept. 24, 2023, ended up buried under headlines and posts about the celebrity duo.

Manufacturing consent online

    • This particular occurrence is fascinating, however, because the AMPTP represents some of the media conglomerates that directly disseminate news.
    • At the time of this writing, CNN.com has three headlines about the WGA strike and eight headlines about Swift at the Chiefs game.
    • Edward Herman and Noam Chomsky’s 1988 book “Manufacturing Consent” outlines the problem of media ownership by conglomerates.
    • Per Pew Research Center data, a majority of Americans get their news from online sources.
    • The role of algorithms is a key focus of emergent research on manufacturing consent online.

Corporate media coverage of labor issues

    • The muted coverage of the writers strike fits into a longer historical pattern of tension between labor movements and corporate media.
    • When not covering labor issues in a negative light, corporate media has a track record of ignoring and minimizing these issues.
    • Communications scholar Jon Bekken’s meta-analysis of media coverage discovered substantial drops in coverage of labor issues by major outlets like the Chicago Tribune, The New York Times and CBS throughout the 1990s and into the 21st century.

Caldwell Cassady & Curry: Financial Technology Leader RVassets Sues Marex Capital Markets for Alleged Trade Secret Misappropriation, Fraud

Retrieved on: 
Wednesday, September 27, 2023

CHICAGO, Sept. 27, 2023 /PRNewswire/ -- Attorneys from the intellectual property and business litigation firm Caldwell Cassady & Curry have filed a federal trade secret misappropriation lawsuit against Marex Capital Markets Inc. on behalf of financial technology leader RVassets Ltd. of London, England.

Key Points: 
  • CHICAGO, Sept. 27, 2023 /PRNewswire/ -- Attorneys from the intellectual property and business litigation firm Caldwell Cassady & Curry have filed a federal trade secret misappropriation lawsuit against Marex Capital Markets Inc. on behalf of financial technology leader RVassets Ltd. of London, England.
  • RVassets has requested a jury trial on the claims against Marex for trade secret misappropriation under the Illinois Trade Secrets Act and the federal Defend Trade Secrets Act, tortious interference, fraud, fraudulent concealment, and unjust enrichment.
  • In addition to damages for RVassets' losses and Marex's unjust enrichment, RVassets is seeking punitive damages and attorneys' fees in the lawsuit.
  • The case is RVassets Ltd. v. Marex Capital Markets Inc., et al., No.1:23-cv-14192.

California Gas Price Gap With US Grows To $1.86 Per Gallon; New State Market Monitor Pins Price Spike On Potential Spot Market Manipulation & Refinery Maintenance, Says Consumer Watchdog

Retrieved on: 
Wednesday, September 27, 2023

The average price for California gasoline was $5.69 per gallon on 9/25 and the average US price was $3.83, according to the EIA.

Key Points: 
  • The average price for California gasoline was $5.69 per gallon on 9/25 and the average US price was $3.83, according to the EIA.
  • "When the gap between US and California pump prices are $1.50 or more per gallon something is wrong.
  • The new gasoline market monitor has pointed to problems with refinery maintenance and inventory management and a questionable transaction in the spot market that artificially drove up the price at the pump.
  • One trade at an artificially inflated price can drive up the price of gasoline at every gasoline station in the state.

EQS-News: Bank of America Securities Europe SA: Pre-stabilisation Period Announcement

Retrieved on: 
Wednesday, September 27, 2023

However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time.

Key Points: 
  • However, stabilisation may not necessarily occur and any stabilisation action, if begun, may cease at any time.
  • Any stabilisation action or over‑allotment shall be conducted in accordance with all applicable laws and rules.
  • This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Issuer in any jurisdiction.
  • This announcement is not an offer of securities for sale into the United States.

S&P Dow Jones Indices and Cboe Global Markets to Launch the Cboe S&P 500 Dispersion Index

Retrieved on: 
Monday, September 25, 2023

NEW YORK, Sept. 25, 2023 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI), the world's leading index provider, and Cboe Global Markets, Inc. (Cboe), today announced the upcoming launch of the Cboe S&P 500 Dispersion Index (Dispersion Index or DSPX), the first-of-its-kind to measure the expected dispersion in the S&P 500 Index.

Key Points: 
  • NEW YORK, Sept. 25, 2023 /PRNewswire/ -- S&P Dow Jones Indices (S&P DJI), the world's leading index provider, and Cboe Global Markets, Inc. (Cboe), today announced the upcoming launch of the Cboe S&P 500 Dispersion Index (Dispersion Index or DSPX), the first-of-its-kind to measure the expected dispersion in the S&P 500 Index.
  • Similar to the way that the Cboe Volatility Index® (VIX® Index) represents implied volatility of the S&P 500 Index, this new volatility-related index is designed to represent the expected dispersion in the S&P 500 Index over the next 30 calendar days.
  • "S&P Dow Jones Indices is pleased to collaborate with Cboe to provide the marketplace with one, standardized statistical measure of S&P 500 dispersion.
  • S&P®, S&P 500®, SPX®, DSPX™, DSPBX™, The 500, US 500 are trademarks of S&P Dow Jones Indices LLC or its affiliates (collectively, "S&P DJI"), and have been licensed for use by Cboe Exchange, Inc. CBOE® and VIX® are trademarks of Cboe Exchange, Inc.
    Any CBOE products that have the CBOE S&P 500 Dispersion Index or other S&P Index or Indexes as their underlying interest are not sponsored, endorsed, sold or promoted by S&P DJI.