Trading Volume of KOSPI 200 Options set Record High
November 11, 2010--Trading volume of KOSPI 200 Options was 39,324,648 contracts on November 11, 2010, surpassing the previous record of 37,284,508 contracts set on June 10, 2010. Trading value reached up to KRW 2.1 trillion, which ranks eighth this year.
Surge of trading volume of KOSPI 200 Options was attributed to increased volatility of the index which attracted investors who looked for short-term profits by trading contracts whose exercise price were around at-the-money.
46 percent of the investors who lead the increase of volume were institutional investors such as securities and futures companies.
Source: KRX Korea Exchange
FTSE and SET Launch New Industry Indices for Thailand
November 11, 2010--Emerging markets are attracting increased investor interest globally and it is therefore important that the appropriate tools are in place for investors to analyse and access these markets efficiently and transparently. FTSE Group and the Stock Exchange of Thailand (SET) have launched an enhanced set of index tools to facilitate deeper analysis of the investable Thai market by adding Industry, Supersector and Sector indices to the FTSE SET Index Series.
The FTSE SET Industries Indices are based on the Industry Classification Benchmark (ICB), a comprehensive, transparent and definitive classification system recognised as the standard by investors globally. The ICB classification structure allows for a deeper understanding of market drivers and facilitates cross-border analysis so you can make like-for-like comparisons of specific industries and sectors between Thailand and other markets.
FTSE SET All-Share Industry Indices include 10 Industry, 19 Supersector and 39 Sector indices for you to gain a deeper understanding of which sectors are driving Thailand’s market performance. The indices can also be to create sector-specific funds and index-linked products.
Subscribers of the FTSE SET Index Series will enjoy extra benefits with the new indices being added to the existing data package.
For data and product licensing enquiries, please contact your local FTSE office, email us, or find out more information at www.ftse.com/thailand.
Source: FTSE
DB Global Equity Index & ETF Research : Asia Pacific ETP Market Weekly Review
November 10, 2010--Market Overview
There are 243 equity based ETFs in the Asia Pacific region with 336 listings across 12 countries and 15 exchanges. Japan has the largest market share by AUM accounting for 38.77% of the whole market, whilst China has the largest market share by turnover with 40.42%.
There was one new listing last week. Gold knows no borders, Sensible Asset Management Hong Kong listed the first Asia-domiciled commodity ETF tracking gold on the Hong Kong Stock Exchange.
Turnover
Monthly average daily turnover rose 6.8% in the last week. Turnover for the previous week was USD 1,574m. The largest ETF by turnover was the iShares Asia Trust - iShares FTSE/Xinhua A50 China Tracker issued by BlackRock with USD 327m accounting for 20.8% of total turnover.
Assets Under Management
AUM rose 3.7% in the previous week. AUM as of November 5 was USD 78.7bn. The largest ETF by AUM is the TOPIX ETF managed by Nomura Asset Management with AUM of USD 9.4bn.
To request a copy of the report
Source: Deutsche Bank Global Equity Index & ETF Research
China raises bank reserves as cash inflows surge
November 10, 2010-- China on Wednesday ordered its banks to put more money aside as required reserves, a tightening step that mops up some of the cash that has been streaming into the country and posing a growing inflationary threat.
Although Chinese officials have directed their ire at U.S. monetary easing as a cause of unwanted speculative inflows, data earlier in the day provided a reminder that a whopping trade surplus is the main source of Beijing's liquidity headache.
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Source: Reuters
HKEx Strategy in Enhancing Global Competitiveness
November 9, 2010-Presentation to Citi Securities Market Infrastructure Conference
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Source: HKEx
Thai SEC Allows Foreign Exchange Traded Funds To Be Sold, Listed
November 9, 2010--Thailand's Securities and Exchange Commission
said Tuesday it has agreed to allow foreign exchange traded funds that meet its requirements to be sold directly to local investors and listed on the Thai bourse.
The move is meant to increase the variety of financial products and provide investment alternatives to investors, the SEC said in a statement.
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Source: Fox Business
China, UK Statement: To Study Cross-Listing Of Exchange-Traded Funds
November 9, 2010-- China and the U.K. will study cross-listing exchange-traded funds in each other's markets, the two countries said in a joint statement Tuesday.
The two countries also said they welcome the planned Chinese securities joint venture between Royal Bank of Scotland Group PLC (RBS.LN) and China's Guolian Securities Co., a deal the two firms signed in September.
China and the U.K. issued the statement after senior officials from both sides held talks on economic and financial issues in Beijing, which was chaired by Chinese Vice Premier Wang Qishan and U.K. Chancellor of the Exchequer George Osborne.
China's regulators have yet to allow foreign exchange-traded funds to list on local stock exchanges, and so far no Chinese ETFs have been allowed to list in overseas markets either.
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Source: Fox Business
Shenzhen Stock Exchange TMT50 Index Released On November 8
November 8, 2010--Shenzhen Securities Information Co., Ltd. recently announced that Shenzhen Stock Exchange entrusted it to compile and release the SZSE TMT50 index as of Nov. 8, 2010. The index tracks the overall performance of listed companies in terms of technology, media and telecom.
The SZSE TMT50 currently released includes the return index with the abbreviation“TMT50R” and the code“399609”, and the price index with the abbreviation“TMT50P” and the code“399610”. The base date is Dec. 31, 2004 with the basis point of 1000. The price index is not subject to the ex-right adjustment for dividend. The index is the first one to select samples only in TMT industries, choosing stocks in top 50 list as initial samples.
The TMT50 index will provide the gauge to measure the performance of stock prices of related companies, and lay down the foundation for building up the index products which share the TMT industry growth.
It is reported that the index was developed by Shenzhen Securities Information Co., Ltd. on the demand of China Merchants Fund Management Co., Ltd. which is now actively striving to develop products tracking TMT50 index.
Source: Shenzhen Stock Exchange (SSE)
Thai bourse reveals 2011 strategies to strengthen competitiveness
November 8, 2010--The Stock Exchange of Thailand (SET) announced its four strategies to expand business, enhance service quality and effectiveness, and increase competitiveness to be ready for a highly competitive environment after demutualization.
SET will be the preferred destination for Thai listed companies
to use for fundraising and to fill all investors' needs. The strategies will
help increase market capitalization by THB100 billion (approx. USD33.33 billion) from new listings. In addition, SET will launch new products to fill local and foreign investors' needs.
"SET's Board of Governors approved the 2011 strategies to strengthen SET's international competitiveness. Next year is important for the SET, as it has to be prepared for a highly competitive environment after demutualization, where there will be new players in the market, including in securities trading, clearing, and depository and registration services. Therefore, SET will have to further enhance its competitiveness, expand business opportunities, and connect with foreign exchanges and investor networks," disclosed SET President Charamporn Jotikasthira.
The four strategies are to: 1) Expand coverage, 2) Enhance value, 3) Increase efficiency, 4) Improve capability.
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Source: Stock Exchange of Thailand (SET)
Shanghai Stock Exchange (SSE): Five Measures to Control Insider Dealing
November 5, 2010--Insider dealing has become one of the obstacles to the sound development of the capital market in an all-floating market environment. In recent years, the Shanghai Stock Exchange (SSE) has implemented the self-regulatory management, brought into full play the advantage of front-line supervision and strictly supervised the insider dealing.
The bourse has made achievements in the comprehensive prevention and control of insider dealing thanks to a series of supervision measures aiming to enhance the awareness of the insiders of inside information of abiding by the laws and regulations and promote the standardized operation of the listed companies and relevant parties apart from the continuous improvement of restriction mechanism.
Firstly, the SSE has emphasized the confidentiality requirements before the listed companies' disclosure of significant information.
A listed company's inside information refers to the undisclosed information involving the listed company's operation and finance or having great influence on the company's stock prices. The inside information, created when a listed company is planning a specific issue, is compiled, transmitted, examined and approved and finally disclosed. Relevant persons in the know in every link can be called the insiders of inside information. Once such persons use the inside information for stock purchase and sale, leak the information or advise others to buy or sell shares, an insider dealing is formed. Therefore, the SSE has focused on three sources to prevent the insider dealing in the daily information disclosure supervision. To begin with, the bourse required the listed companies to strictly formulate and implement the information disclosure administrative systems and the circulation systems of internal information transmission. Relevant information disclosure parties such as the directors, supervisors, senior executives and controlling shareholder, actual controller, purchaser, sponsor, securities service institutions and media should be confirmed.
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Source: Shanghai Securities News
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