12-142MR ASIC releases information sheet for licensing of financial services in emissions units
June 27, 2012--ASIC has released an information sheet to assist those intending to apply for an Australian financial services (AFS) licence to provide services in emissions units and related derivatives from 1 July.
ASIC’s Information Sheet 156 Applying for a licence for emissions units (INFO 156) coincides with the end of a two-month registration period (1 May – 30 June 2012) that temporarily authorised registrants to provide certain financial services regarding emissions units prior to holding an AFS licence for those activities.
From 1 July, various types of emissions units will be financial products under the Corporations Act 2001. Any individual or entity that provides financial services in those units will therefore require an AFS licence unless an exemption applies. For those who already hold an AFS licence, a variation may be required to cover emissions units.
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Source: ASIC
OSE's Year-to-Date Derivatives Trading Volume has exceeded 100 Million Units
June 26, 2012--Osaka Securities Exchange Co., Ltd. (OSE) is pleased to announce that the total trading volume of derivatives on their market since January 2012 recorded 100,622,841 units (preliminary estimates) today.
OSE achieved the record earlier than last year, when the volume exceeded 100 million units on July 4
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Source: OSE
TSE has published the index value of TSE Home Price Index for March
June 26, 2012--TSE has published the index value of TSE Home Price Index for March on May 29, 2012.
The index value of TSE Home Price Index (Used Condominium, Composite of Tokyo Metro Area) is 78.82 points. The index value of TSE Home Price Index (Used Condominium, Tokyo) is 82.47 points. The index value of TSE Home Price Index (Used Condominium, Kanagawa) is 78.88 points. The index value of TSE Home Price Index (Used Condominium, Chiba) is 69.38. The index value of TSE Home Price Index (Used Condominium, Saitama) is 67.49 points.
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Source: Tokyo Stock Exchange
Hong Kong Exchange Renews Contract With NASDAQ OMX and Upgrades to INET-Based Trading Platform
HKEx Migrates to Genium INET Powered Platform for Derivatives Trading and ClearingJune 26, 2012--The NASDAQ OMX Group, Inc. (Nasdaq:NDAQ) announces that the Hong Kong Exchanges & Clearing Ltd (HKEx) will upgrade its derivatives trading system (HKATS) and clearing system (DCASS) to NASDAQ OMX's Genium INET technology.
In addition HKEx has extended its support contract with NASDAQ OMX for a further five years. The platform upgrade is scheduled to be in effect by fourth quarter of 2013.
The Genium INET powered platform will provide HKEx with integrated trading and clearing of a wide range of derivatives including financial index futures and options, stock futures and options, currency futures, interest rate futures, fixed income futures, commodity futures, volatility index futures and dividend futures. Moreover, the Genium INET technology will provide HKEx with microsecond latency and significant throughput improvements. The HKEx derivatives market has been operating on NASDAQ OMX trading technology since 1994.
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Source: NASDAQ OMX
Hong Kong Exchange Targets Dual-Currency Listings.
June 25, 2012--Fresh after securing a deal to buy the London Metal Exchange earlier this month, Hong Kong's ambitious bourse is now trying for another goal-a dual-currency stock on its exchange.
A year ago, Hong Kong Exchanges & Clearing Ltd. released details of how a company could list in both local Hong Kong dollars and the Chinese yuan, and in January added facilities so investors without access to enough yuan can still trade yuan stocks listed on the bourse.
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Source: Wall Street Journal
DB-Equity Research-Asia-Pac-ETF Market Weekly Review: Asia-Pac ETF Market Weekly Review : ETP AUM remains flat at $111bn
June 25, 2012--Market Review
Last week, all the markets in the Asia-Pacific region were in negative territory except Japan & Singapore. From north to south, Japan (Nikkei 225) climbed 2.67%, Korea (KOSPI2) lost 0.98%, China (CSI 300) slid by 2.18%, Hong Kong (HSI) decreased by 1.24%, Singapore (FSSTI) was up by 0.61%, while Australia (S&P/ASX 200) declined by 0.22% over the previous week.
New Launch Review
Two new products were launched in the Asia-Pacific ETP market during last week. Krung Thai Asset Management listed one equity ETF on the Thailand Stock Exchange offering exposure to the Hang Seng Index. Fuh-Hwa Securities Investment Trust made its debut with a maiden equity ETF listing on Taiwan Stock Exchange tracking the CSI 300 Index. (See Figure 4 for further details)
Turnover Review
Asia-Pacific ETP turnover totaled $4.5bn for last week, 2% down from the previous week’s total. South Korea continued to be on top of the turnover ranking with $2.2bn, followed by China ($0.7bn), Hong Kong ($0.6bn), Japan ($0.6bn), and Australia ($0.2bn). Among Equity ETFs, Emerging Country, Leveraged Strategy, Short Strategy, and Asia Pac Developed Country ETFs had total turnover of $1.5bn, $1.1bn, $0.7bn, and $0.8bn respectively. Under the Commodity asset class, turnover in Gold ETPs totaled $99m for the last week.
Assets Under Management Review
Last week, Asia-Pacific ETP AUM remained flat and ended at $111bn. On a year-to-date basis, Asia-Pacific ETP market is up by $19bn or 21% above last year’s closing.
to request report
Source: Deutsche Bank - Equity Research - Asia Pacific
Shanghai Stock Exchange on Track for Options Plan
June 20, 2012--The Shanghai Stock Exchange is on track to launch options for individual securities, which would give investors a new financial instrument to manage risks and profit from market volatility, people familiar with the situation told Dow Jones Newswires Wednesday.
"Simulation for trading options will likely be launched soon," a person familiar with the matter said.
"We received notices from the Shanghai bourse yesterday, and the bourse required us to conduct surveys on options investments among our clients," a person from a brokerage said.
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Source: Fox Business News
Van Eck Bets on Growth in Australian ETFs.
June 20, 2012--Van Eck Associates is placing a bold bet on the land that spawned exchange traded funds,or ETFs.
Closely held Van Eck Associates, which has more than US$25 billion in assets under management, is taking a majority interest in Australian Index Investments.
A first move will be to rebrand the company Market Vectors Australia.
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Source: Wall Street Journal
Asian investors look to local ETFs
June 20, 2012--Investors in Asia appear to be shrugging off regulatory concerns about exchange-traded funds, with the vast majority planning to buy more funds over the next year, suggests a new survey.
According to the Asian ETF survey conducted by Deutsche Bank, 85% of investors are interested in buying more ETFs over the next 12 months, up from 65% in 2011.
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Source: Financial News
SSE Innovates for Developing Bond Market
June 20, 2012--From this year, under the leadership of the China Securities Regulatory Commission (CSRC), the Shanghai Stock Exchange (SSE), adhering to the basic objective of developing the bond market to serve the real economy and centering on the innovation in products and services, has steadily pushed forward the innovations in the bond market
including the SMEs private placement bonds, the repurchase of convertible bonds and the investor suitability management, which have achieved good market results and facilitated the development of the bond market.
Firstly, the SSE renewed its efforts on the innovation in products in the bond market by promoting SMEs private placement bonds. As Chinese SMEs have always found themselves difficult and costly to finance, the SSE, following the requirements of the State Council and the CSRC for supporting the development of SMEs and serving the real economy, started to study SMEs private placement bonds for providing SMEs with financing channels in the bond market at the end of last year. In January 2012,
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Source:Shanghai Securities News