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LSE-Press releases10- May -2010 - Equity value traded up two per cent in April
May 10, 2010--- Continued strong performance on the Group’s government bond trading platform, MTS
In April, the average daily value traded across London Stock Exchange Group’s equity markets was £7.7 billion (€8.8 billion), up two per cent on last year. 16.0 million equity trades were carried out across the Group’s electronic order books, with a combined value of £153 billion (€175 billion), also up two per cent per cent on April 2009. The average daily number of trades was 802,118, 24 per cent lower than the same month last year.
UK Cash Equities
The average daily value traded on the UK equity order book was £4.1 billion (€4.7 billion) a decrease of eight per cent year on year, while the average daily number of trades was down 27 per cent at 509,596.
Italian Cash Equities
During April, the average daily number of trades in Italian equities was 237,784, down 23 per cent on the same month last year. The average daily value traded during the month was up eight per cent at €3.2 billion (£2.8 billion).
International Cash Equities
Total value traded in international equities increased 63 per cent on April 2009 to £14.6 billion, while the average daily value traded was also up 63 per cent year on year, totalling £731 million (€836 million). The average daily number of trades was 54,738, up 16 per cent on last April.
ETFs and ETCs
Trading in ETFs and ETCs saw the average daily number of trades up 50 per cent year on year, totalling 18,655. The average daily value traded was up 40 per cent to £480 million (€549 million).
Included in the strong monthly performance was a new single day record for both turnover and number of trades on ETFPlus on 28 April, with 29,691 trades and a value of £677 million (€778 million).
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Source: London Stock Exchange
Giant aid package saved Europe from 'disaster': Lagarde
May 10, 2010--Europe avoided a disaster thanks to the trillion-dollar financial rescue package for troubled eurozone economies, French Finance Minister Christine Lagarde said in a newspaper interview.
"Every public official, including me, had in our minds the fear of a disaster if we did not quickly reach an agreement," Lagarde told the financial daily Les Echos in an interview to be published Tuesday.
"All the symptoms that had preceded the crisis of autumn 2008, just before the bankruptcy of Lehman Brothers, reappeared. It's undeniable," she said, referring to the failure of the Wall Street giant in September 2008.
The deal agreed by European Union finance ministers early Monday marks a "historic turning point," she said.
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Source: EU Business
Ted Hood: ETF platform is much to celebrate
The day after Source reached its first anniversary, chief executive Ted Hood is a little subdued. He went out to celebrate with his 20-strong team the night before and his usual ebullience seems slightly dimmed.
This lasts only until he is asked about Source’s progress over the year, when he perks up and starts listing the achievements of the investment bank-owned platform for exchange traded funds.
In that time, it has launched 47 equity ETFs, covering country, regional and market sector indices, and 28 exchange traded commodities. Mr Hood is especially proud of the sector indices, which have been a hit with the hedge fund community keen to use them in complex trading strategies.
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Source: FT.com
Hedge funds and private equity - vote postponed
May 10, 2010--The Economic and Monetary Affairs Committee has postponed its vote on the Alternative Investment Fund Managers Directive, so more consideration can be given to the opinion of the Legal Affairs Committee.
The vote is now scheduled for next Monday, 17 May 2010.
The vote on the financial supervisory package is going ahead today as scheduled.
Source: European Parliment
EC to publish corporate governance green paper
May 7, 2010--Michel Barnier, EU Commissioner for Internal Markets and Service, has confirmed that the Commission will publish a draft green paper on strengthening corporate governance at financial institutions later this month.
Speaking at a meeting of the Economic and Monetary Affairs Committee (ECON) earlier this week, Barnier said the green paper would be published in May and is expected to include measures to strengthen control and risk management in institutions and directors' liability.
He also suggested the paper could include broader reflections on corporate governance in listed companies and corporate social responsibility.
Currently European corporate governance is formed of a combination of existing rules mainly relating to mergers and acquisitions and shareholder rights, alongside recommendations on the inclusion of independent directors and director’s activities.
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Source: IP&E
CESR to take a coordinated effort to respond to the recent market turmoil
May 7, 2010--Following the recent exceptional volatility in the securities and derivatives markets, Members of the Committee of European Securities Regulators (CESR) have decided in their regular meeting today in Barcelona, to intensify their close monitoring of these markets. In particular, they will pay attention to potential breaches of conduct of business rules and cases of market abuse with a view to coordinating the actions of national supervisors.
Due to the global characteristics of these developments, CESR and its Members will also closely liaise with non-European securities regulators, in particular both the U.S. Securities and Exchange Commission (SEC) and the U.S. Commodity Futures Trading Commission (CFTC), to ensure global co-ordination.
CESR-Pol, CESR’s Standing Committee which is responsible for ensuring market integrity and enhancing cooperation and exchange of information between CESR Members, will coordinate any cross-border investigations.
These actions are taken in line with CESR’s key tasks, i.e promoting the transparency, integrity and orderly functioning of EU securities and derivatives markets.
Source: CESR
NASDAQ OMX Starts Trading in Ten New ETFs from Deutsche Bank
May 7, 2010--NASDAQ OMX today starts trading in ten new Exchange Traded Funds (EFTs) from Deutsche Bank's db x-trackers ETF platform. The ETFs from Deutsche Bank that are available for trading on NASDAQ OMX Stockholm as of today are:
•DJ STOXX 600 OIL & GAS ETF
•DJ STOXX 600 OIL & GAS SHORT DAILY ETF
•EURO STOXX 50 LEVERAGED DAILY ETF
•EURO STOXX 50 DOUBLE SHORT DAILY ETF
•LEVDAX DAILY ETF
•MSCI ASIA ex JAPAN TRN INDEX ETF
•MSCI PACIFIC ex JAPAN TRN INDEX ETF
•SHORTDAX X2 DAILY ETF
•S&P 500 2X INVERSE DAILY ETF
•S&P 500 2X LEVERAGED DAILY ETF
Deutsche Bank today has 31 ETFs listed at NASDAQ OMX Stockholm making them the largest issuer of ETF products in the Nordics.
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, "We are pleased to further expand on our ETF offering with these new products from Deutsche Bank. The ETFs available for trading as of today make it possible for our investor-base to easily and cost-efficiently trade internationally recognized stock and commodities indexes in local currency."
Source: NASDAQ OMX
CESR launches a consultation on its technical advice to the European Commission in the context of the MiFID Review: Non-equity markets transparency
May 7, 2010--CESR publishes today a consultation paper which should be seen in the context of reviewing MiFID, the Markets in Financial Instruments Directive that entered into force in November 2007.
The paper published today covers the field of Non-equity markets transparency.
view the Consultation on CESR's advice in the context of the MiFID Review: Non-equity markets transparency
Source: CESR
New OMX Stockholm Benchmark Portfolio Selected-The new portfolio of the OMX Stockholm Benchmark index will become effective on June 1, 2010
May 7, 2010--The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) announces today the results of the semi-annual review of the OMX Stockholm Benchmark index, (NASDAQ OMX Stockholm: OMXSB), which will become effective with the market open on Tuesday, June 1, 2010.
Active Biotech AB (ACTI), Arise Windpower (AWP), Biovitrum AB (BVT), Gunnebo AB (GUNN), Höganäs AB ser. B (HOGA B), Klövern AB (KLOV), Lundin Mining Corporation SDB (LUMI SDB) and Proact IT Group AB (PACT) will be added to the index.
AarhusKarlshamn AB (AAK), Hexagon AB ser. B (HEXA B), PA Resources (PAR SEK) and Transcom WorldWide S.A SDB ser. B (TWW SDB) will be removed from the index.
The OMXSB index is a free float adjusted index designed to act as a transparent and liquid benchmark with low transaction costs for the investors while maintaining a high correlation to the Swedish market.
OMXSB is sector diversified and major sectors represented are Financials, Industrials, Consumer Discretionary and Information Technology. The securities must also meet other eligibility criteria including a turnover screening. The OMXSB index is evaluated on a semi-annual basis in May and November, and the new index portfolio becomes effective on the first trading day in June and December respectively.
Source: NASDAQ OMX
Eurex führt Optionen auf drei ETFs von db x-trackers ein
May 7, 2010--Die internationale Terminbörse Eurex hat bekannt gegeben, dass sie am 17. Mai
2010 den Handel von drei neuen Optionen auf die von der Deutschen Bank
aufgelegten Exchange Traded Funds (ETFs) db x-trackers MSCI Emerging Markets
TRN, MSCI World TRN und MSCI Europe TRN startet. Im Jahresverlauf will Eurex
weitere ETF-Optionen zum Handel zulassen.
„Mit dem Relaunch unseres ETF-Derivatesegments unterstützen wir die Expansion
des ETF-Marktes, indem wir maßgeschneiderte Absicherungsmöglichkeiten für
Anleger und ETF-Emittenten bieten“, sagt Eurex-Vorstandsmitglied Peter Reitz. „In
den vergangenen zehn Jahren ist der europäische ETF-Markt in allen Kategorien
stark gewachsen, ETF-Derivate werden zum weiteren Wachstum des Marktes
beitragen.“
„Optionen auf ausgewählte ETFs sind ein weiterer Beweis für das Wachstum dieser Assetklasse. ETF-Investoren sind so in der Lage, ihre Handels- und Absicherungskosten für Benchmark-Indizes mit diesen MSCI-Optionen zu reduzieren, da diese einfach handelbar sind und einfaches Risikomanagement gestatten. Dies ist vorteilhaft aus Absicherungs- und Fondsmanagementperspektive und ermöglicht Investoren von Kursanstiegen zu partizipieren, ergänzt Thomas Strenge, European Head of Synthetic Equity Sales, Deutsche Bank.
Bei den neuen ETF-Optionen handelt es sich um europäische Optionen mit Laufzeiten von bis zu 24 Monaten. Sie werden in Euro gehandelt, und es ist eine Lieferung in effektiven Stücken vorgesehen. Die Kontraktgröße beträgt 100 Fondsanteile. Die Deutsche Bank wird als Market Maker fungieren und somit zur Liquidität des Orderbuchs beitragen.
Die Basiswerte der Optionen, das heißt die drei db x-trackers ETFs, sind in XTF,
dem Handelssegment für ETFs der Deutschen Börse, gelistet. Das im April 2000
eingeführte XTF-Segment hat sich mit 651 notierten Fonds und einem Anteil von
rund 38 Prozent am europäischen ETF-Handelsumsatz mittlerweile als führender
Handelsplatz für börsengehandelte Fonds in Europa etabliert.
Source: db-x-trackers
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