Benjamin Doty, CFA

Ossiam has brought to Deutsche Boerse's Xetra market an exchange-traded fund that generates profit if the US Treasury yield curve steepens. The Ossiam US Steepener UCITS ETF uses swaps-based synthetic replication to track the Solactive US Treasury Yield Curve Steepener 2-5 vs 10-30 Index. ETF Strategy (19 Aug.)

Chinese stock exchanges are stepping up efforts to stamp out violations of trading rules, inadequate disclosure, failure to conduct due diligence and fraud. The Shenzhen Stock Exchange has imposed 62 penalties this year, compared with 37 for the same period last year, while the Shanghai Stock Exchange has initiated 86 information-disclosure cases, up from 75. Xinhua News Agency (China) (19 Aug.)

Investors unnerved by volatility in the stock market are unloading exchange-traded funds. Nearly $18 billion has left US stock ETFs in the past three weeks, with more than $3.5 billion fleeing in the five days ending Friday. BNN Bloomberg (Canada) (19 Aug.)