Source: Fund Action

Claymore Securities has launched three exchange-traded funds based on broad market indices provided by Wilshire Associates and will partner with Wilshire on other offerings.

Federal Reserve Chairman Ben Bernanke appealed to Congress to allow the central bank to retain broad regulatory authority over the U.S. financial system as the Senate debates a bill that could curtail the Fed’s powers.

Source: Wall Street Letter

BIDS Trading has set a launch date of April 7 for its buyside offering.