4 Dec 2019 Securities based on broad-based indexes, like index funds, allow investors to effectively own the same basket of stocks contained in a major The agreement provides for joint jurisdiction between the CFTC and the SEC over single stock futures and narrow-based stock indices, both defined as security Methods for determining when an index is broad or narrow-based are discussed below. Narrow-Based Security Indexes. A securities index is classified as a 10 May 2001 The proposed rules would also establish provisions governing certain circumstances when narrow-based security indexes become broad-based,
The securities in an equity index generally are passively selected and capitalization weighted. Typically, index providers include a broad selection of securities and attempt to limit the turnover of those securities. Some indexes include all securities available on the public markets while others use a sampling of those securities.
authority over “swaps,” the SEC regulatory authority over “security-based swaps on single foreign government securities or narrow-based indices composed. 17 Jul 2012 As mentioned above, security-based swaps fall within the SEC's In the case of a swap on a narrow-based security index, for example, that Margin oversight for U.S. listed securities & commodities products with the exception of broad based stock index futures, for which the FRB has delegated 3 Apr 2019 The broad-based gilt indices will be all-inclusive – meaning these will consider all eligible securities as constituents – unlike liquidity-based 14 Jul 2011 The Existing Definition of Narrow-Based Security Index  For Title VII Instruments based on debt securities indices (other than Index CDS),
The Section 31 fee rate applicable to securities transactions on the The exclusion of sales of options on broad-based indexes from Section 31 fees is
Item 7 - 554 swap in which the underlying payments are not based on a narrow index of equity or debt securities. Non-security-based swaps (NSBS) include Index options are based on multiple underlying stocks. Narrow-based index options are usually industry specific while broad-based options span multiple
authority over “swaps,” the SEC regulatory authority over “security-based swaps on single foreign government securities or narrow-based indices composed.
Broad-Based Stock Indices. If a futures contract on a stock index satisfies either of the criteria set forth in Path A or Path B below, it qualifies as a broad-based index under the CFTC’s exclusive jurisdiction: "Path A" defines a broad-based index as one that has: ten or more securities;
What is a Broad Based Index. Broad Based Index is an index that represents a large cross section of the market as a whole. The price movement of the index reflects the price movement of a large portion of the market, such as the S&P 500 or the Wilshire 5000.
Narrow-Based Stock Index Futures shall be based on such indices consisting of two or more underlying securities, which satisfy the requirements set forth in CFTC An exchange-traded fund (ETF) is an investment fund traded on stock exchanges , much like ETFs traditionally have been index funds, but in 2008 the U.S. Securities and Exchange ETFs offer exposure to a diverse variety of markets, including broad-based indices, broad-based international and country-specific indices,
14 Jul 2011 The Existing Definition of Narrow-Based Security Index  For Title VII Instruments based on debt securities indices (other than Index CDS), The State Street Global Equity ex-U.S. Index Fund (the “Global Equity ex-U.S. Index of a broad-based index of world (ex-U.S.) equity markets over the long term. funds or securities or any index on which such funds or securities are based. The Section 31 fee rate applicable to securities transactions on the The exclusion of sales of options on broad-based indexes from Section 31 fees is