Europe ETP News Older Than 1 year-If your looking for specific news, using the search function will narrow down the results
db x-trackers launches SGX-listed China and Indonesia ETFs
March 8, 2010--Deutsche Bank has launched a Ucits III compliant exchange-traded fund which tracks the performance of the CSI 300, an index that replicates the performance of the 300 most representative A-shares listed on the Shanghai and Shenzhen stock exchanges.
The ETF is listed on the Singapore Exchange.
The announcement comes ahead of Deutsche Bank’s planned launch next week on the SGX of an ETF tracking the MSCI Indonesia Index.
read more
Source: ETF Express
The Carbon Rich List:The companies profiting from the EU Emissions Trading Scheme
March 5, 2010--Executive Summary
This report presents company level analysis
of the EU Emissions Trading Scheme for 2008 and looking ahead till 2012 when the current phase of trading ends.
The EU ETS was set up ‘to promote reductions
of greenhouse gas emissions in a ‘cost-effective and economically efficient manner’ as a centrepiece of European efforts to tackle climate change. However, our company level analysis has uncovered a number of trends which have serious implications for the short and long term future of the ETS.
Carbon Fat Cat Companies
For Phase 2 of the EU ETS running from 2008 to 2012 companies are to receive free allocations of EUA permits, each equivalent to one tonne of CO2 emitted. As a result of generous allocations compounded by the impact of the global recession, many companies now find themselves in a position where they have far more permits to pollute than they require. Whether or not these companies choose to sell the permits to generate windfall profits they have been effectively handed significant assets by Member State governments across the EU – thus we have termed these companies, ‘Carbon Fat Cats’.
• The top ten Carbon Fat Cats share between them 35 million surplus EUA permits in 2008 equivalent to the annual emissions of Latvia and Lithuania. The permits are worth an estimated €500 million at current carbon prices.
• Looking ahead to 2012 the Carbon Fat Cats will share an estimated 230 million surplus EUA permits worth €3.2 billion a sum far greater than the investment in renewable and clean technology for the same period, or indeed the EU Commission’s budget for environment as a whole.
These companies are not required to make cuts to their CO2 and as EU ETS rules allow permits to be banked for use in future phases of trading and are likely to be insulated from the need to make cuts to their CO2 emissions going forward. Our findings run strongly counter to recent claims from industry groups that stronger climate change targets would damage competitiveness.
view report
Source: Sandbag.org
Average daily value traded up 25 per cent in February
April 5, 2010--- Average daily trading on the international order book almost doubles
The average daily value traded across London Stock Exchange Group's equity markets during February increased 25 per cent year on year to £7.4 billion (€8.5 billion). The average daily number of trades was 865,706, one per cent lower than February 2009.
UK Cash Equities
The average daily value traded on the UK equity order book was £4.4 billion (€5.1 billion), an increase of 10 per cent year on year, while the average daily number of trades was down nine per cent at 566,718.
Italian Cash Equities
The average daily number of trades in Italian equities was 246,227, up 16 per cent on the same month last year. The average daily value traded during the month also grew, reaching €2.7 billion (£2.3 billion), a 49 per cent increase on last year.
International Cash Equities
During February, the average daily value traded in international stocks on the Group's equity order books nearly doubled, up 99 per cent year on year, totalling £670 million (€765 million). Meanwhile the average daily number of trades was 52,761, up 35 per cent on last February.
ETFs and ETCs
Trading in ETFs and ETCs during the month was strong, with the average daily number of trades up 60 per cent year on year, totalling 15,609. The average daily value traded was up 38 per cent to £428 million (€489 million).
read more
Source: London Stock Exchange
Study finds high level of compliance with code of corporate governance
April 5, 2010--THERE IS a high level of compliance with the Combined Code on Corporate Governance within Irish companies, according to a report commissioned by the Irish Stock Exchange and the Irish Association of Investment Managers
The finding comes two days after a similar report by Grant Thornton concluded that the number of listed companies claiming full compliance with the Combined Code had dropped from 51 per cent to 36 per cent in 2008, although the earlier report stressed that Irish companies were becoming more transparent about explaining the reasons for not complying with the code.
Irish companies are required to meet the Combined Code on a “comply or explain” basis, which means that while listed companies are not required to comply with all provisions of the code, they must provide explanations if they are not meeting certain provisions.
read more
Source: Irish Times
BME to create a platform for mutual funds
A new, additional channel to access Funds
March 4, 2010--Bolsas y Mercados Españoles (BME) will start a new subscription and redemption mutual fund platform after the summer with a view to offering greater transparency, flexibility and accessibility to this type of financial product.
The subscription and redemption mutual fund platform will be an additional access channel and will be open to all types of investors, market members and collective investment institutions. It will also be compatible with other fund distribution platforms.
This initiative is aimed at national and international mutual funds that are registered with the Spanish regulator, CNMV. The platform will allow them to rely on the wide distribution network, automated order handling and transparency offered by the Spanish stock exchange. Fund managers, investors and in general, all market participants, will benefit from the efficiency and speed of the platform.
read more
Source: BME
EEX trading results for Natural Gas and CO2 Emission Rights in February – More than 1 TWh traded on the Natural Gas Spot Market
March 4, 2010--2010. On the Spot Market of the European Energy Exchange (EEX)
the monthly volume exceeded the 1 Million MWh benchmark for the first time. In February,
the trading volume on the EEX Spot Market for Natural Gas amounted to
1,097,808 MWh (GASPOOL and NCG market areas) compared to 239,040 MWh in
February 2009. The Spot Market price for the day-ahead delivery of Natural Gas
ranged between EUR 9.92 per MWh and EUR 16.00 per MWh.
The volumes on the Derivatives Market for Natural Gas (GASPOOL and NCG market
areas) amounted to 1,586,210 MWh (February 2009: 1,385,870 MWh). On 26 February
2010, the open interest was 6,778,938 MWh. On 26 February 2010 Natural Gas prices
for delivery in 2011 were fixed at EUR 16.52 per MWh (GASPOOL) and EUR 16.57 per
MWh (NCG), respectively.
read more
Source: EEX
EPEX Spot/EEX Power Derivatives: Power Trading Results in February 2010
In the framework of their cooperation, March 4, 2010--European Energy Exchange AG (EEX) and the French Powernext SA integrated their Power Spot and Derivatives Markets in 2009. In February 2010, a total volume of 112.3 TWh was traded on the joint subsidiaries EPEX Spot and EEX Power Derivatives.
In February 2010, a total volume of 112.3 TWh was traded on the joint subsidiaries EPEX Spot and EEX Power Derivatives.
Power trading in the day-ahead auctions on EPEX Spot accounted for a total of 21 034 205 MWh and can be broken down..
London Stock Exchange Takes New Retail Bond Market Across UK Aimed at local brokers and advisers of potential issuers, the events will be held in partnership with accounting and law firms in Edinburgh, Leeds, Manchester, Birmingham and London. Exchange representatives will begin by discussing London's markets. They will then give details on the different types of bonds and issuers involved with the new retail platform; explain how the market works and the process for listing and admitting retail bonds, as well as how to access the new order book and take questions from attendees.
Pietro Poletto, Head of Fixed Income for London Stock Exchange Group, said:
"We are looking forward to meeting with local brokers and advisers and introducing them to the benefits of our new Order book for Retail Bonds. This is a brand new market for the UK and we are keen to raise awareness of its advantages across the country. In particular we want to highlight the benefits of retail bond issuance as an effective additional source of funding for companies as well as raising awareness of the market as a liquid, transparent secondary market for bonds tradable in smaller sizes more suitable for the retail investor." Barclays Capital Goes Live With Sponsored Access on NASDAQ OMX Europe
Clients are able to connect either via proximity hosting or through
remote access.
"We are delighted to be working with Barclays Capital in providing
their clients with access to NEURO," said Charlotte Crosswell,
President of NEURO. "Sponsored Access provides new opportunities for a
wide range of market participants to trade directly on our platform."
"We are pleased to be the first broker to offer our clients
full-service sponsored access on NASDAQ OMX Europe" said Robert Orgel,
Head of Barclays Capital's Quantitative Prime Services product in
Europe. "As the European trading landscape evolves, we continue to work
closely with trading venues in order to offer new and innovative
solutions to our clients. Sponsored access complements our market
leading DMA platform, SubM(SM), providing ultra low latency access to
equities, futures and options markets globally." EU expects free trade deal with India by October
De Gucht and Sharma "shared the view" that a deal could be done and "we will speed up negotiations," the EU trade official told reporters.
read more If you are looking for a particuliar article and can not find it, please feel free to contact us
Source:EPEX Spot
March 4, 2010--The London Stock Exchange will host five free seminars in cities across the UK next week to promote the benefits of its new Order book for Retail Bonds.
Launched on 1 February 2010 in response to strong private investor demand for greater access to fixed income, the new order book offers simple, transparent access to 60 UK gilts and corporate bonds all tradable in easily manageable sizes.
Bonds currently available for trading include securities issued by Tesco, BT, National Grid, GlaxoSmithKline, Morgan Stanley, GE Capital, Enterprise Inns, Royal Bank of Scotland and Wal-Mart as well as 49 gilts.
Source: London Stock Exchange Group
March 4, 2010--ASDAQ OMX Europe ("NEURO")
today announced that Barclays Capital has been approved as a Sponsoring
Participant. Barclays Capital will be the first broker to offer
Sponsored Access using NEURO's advanced Pre-Trade Risk Management
system.
Sponsored Access enables participants to provide their clients' direct
connectivity to NEURO's advanced matching and routing services. NEURO
provides a Pre-Trade Risk Management system which mitigates market risk
by monitoring all orders submitted to the NEURO book. Any orders that
breach pre-determined trading limits will be rejected.
Source: NASDAQ OMX
March 4, 2010--The European Union expects to clinch a free trade pact with India by October, the EU's trade chief said Thursday, as the 27-member trading bloc pushes to secure new markets across Asia.
"The deal should be done by the next summit between the EU and India in October," EU Trade Commissioner Karel de Gucht said in New Delhi following a day of talks with Indian trade minister Anand Sharma.
Source: EUbusiness
