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Standard and Poor's warns of south eurozone downgrade
Febraury 9, 2010--Standard and Poor's warned Tuesday it might downgrade the ratings of southern eurozone members this year, but added it was still an advantage for these countries to remain in the single currency.
"In our view the risks to the ratings will remain firmly on the downside during 2010, extending a negative trend that began during the middle of the past decade," said credit analyst at the agency, Moritz Kraemer.
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Source: EUBusiness
The New European Commission Must Go For Growth
February 9, 2010--With the vote today in the European Parliament, the new European Commission is now effectively in place for the political cycle 2010-2014. The challenges ahead for Europe are immense and the new Commission, under the leadership of President Barroso, will need to take important and pressing decisions.
BUSINESSEUROPE is asking the new European Commission to go for growth. Europe needs policies that will allow the European Union to double its growth potential.
Philippe de Buck, Director General of BUSINESSEUROPE said: “Growth should inspire every policy decision of the European Union. Growth is a fundamental pre-condition to maintain our living standards and strengthen Europe’s position in the world. I hope the new Commission brings that message to the Heads of State at their meeting later this week in Brussels”.
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Source: Business Europe
ETF Stat January 2010-Borsa Italiana
February 9, 2010--The ETF Statistics of January 2010 are now available.
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Source: Borsa Italiana
NASDAQ OMX Launches INET Trading System Across Its Seven Markets In The Nordics and Baltics
February 8, 2010--The NASDAQ OMX Group, Inc. (NASDAQ:NDAQ) reports today that it successfully rolled out the INET trading system in all seven of its equities markets in the Nordics (Copenhagen, Helsinki, Iceland and Stockholm) and the Baltics (Riga, Tallinn, and Vilnius).
The INET trading platform is currently operating the NASDAQ Stock Market in U.S. and the company's London-based MTF, NASDAQ OMX Europe, and as of today will be utilized in all NASDAQ OMX equities markets across the world.
Hans-Ole Jochumsen, President NASDAQ OMX Nordic said, “This trading system shift is one of the biggest infrastructural changes in the history of the Nordic and Baltic equities markets. With INET in place we can offer investors access to the world's fastest and most scalable trading system. This will allow us to grow volumes and liquidity, which benefits all investors and ultimately the regional economies. It will enable us as an exchange and the Nordics and Baltic regions to better compete in Europe's increasingly competitive trading environment.”
NASDAQ OMX's INET technology is the most efficient and scalable trading platform in the world, with microsecond speeds, and high reliability and capacity. The INET system is capable of handling one million messages per second at sub-250 microsecond average speeds, the fastest of any exchange or alternative trading system in the world. INET also serves as the backbone for GENIUM, NASDAQ OMX's commercial exchange technology offering.
Anna Ewing, CIO at NASDAQ OMX commented, “Combining all our exchanges on a single trading platform was one of the key goals when we merged, and now we are able to fully leverage significant economies of scale. Moving our seven exchanges to one platform in a single roll-out is an accomplishment that is unrivaled in the exchange space, and we are delighted to now be able to offer this world-leading technology on our Nordic and Baltic markets.”
Source: NASDAQ OMX
January average daily value traded up 14 per cent
Trading growth in Italian equities, fixed income and ETFs and ETCs
February 8. 2010--The average daily value traded across London Stock Exchange Group’s equity markets during January increased 14 per cent year on year to £7.1 billion (€8.0 billion). The average daily number of trades was 831,892, six per cent lower than January 2009.
Trading growth in Italian equities, fixed income and ETFs and ETCs
UK Cash Equities
During January, the total value traded on the UK order book was £83.9 billion (€95 billion) and the total number of trades was 11.1 million.
The average daily value traded on the UK equity order book was £4.2 billion (€4.8 billion), a decrease of three per cent year on year, while the average daily number of trades was down 12 per cent at 553,978.
Italian Cash Equities
On the Italian equity order book, the total number of trades was 4.5 million and the total value traded was €50.3 billion (£44.4 billion).
The average daily number of trades in Italian equities was 227,319, up seven per cent on the same month last year. The average daily value traded during the month also grew, reaching €2.5 billion (£2.2 billion), a 46 per cent increase on last year.
The average daily value traded across London Stock Exchange Group’s equity markets during January increased 14 per cent year on year to £7.1 billion (€8.0 billion). The average daily number of trades was 831,892, six per cent lower than January 2009.
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Source: London Stock Exchange Group
Osmosis lists climate ETF on London Stock Exchange
February 8, 2010--Osmosis Investment Management has launched an exchange-traded fund which tracks a specially created index of 100 companies, all of which derive at least 50 per cent of their revenues from products or services focused on the efficient use of natural resources and the mitigation of climate change.
The product tracks the Osmosis Climate Solutions Index, constituents of which include global companies representing the renewable energy sector as well as energy efficiency, natural resource management, pollution control and low carbon financing.
The ETF has been listed on the London Stock Exchange
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Source: ETF Express
PowerShares ETFs-Underlying Indices Change
February 5, 2010--As announced in Corporate Event Notice PAR_20100128_00493_EUR on January 28, 2010, NYSE Euronext wishes to remind you that last Monday, February 1, two PowerShares ETFs had their underlying indices changed.
Consequently, their official names and trading names changed as well. The ISIN codes and trading symbols remained unchanged.
PowerShares FTSE RAFI Emerging Markets Fund
Trading name: PS Dyn Europe
New trading name: PS FTSE RAFI EM
ISIN: IE00B23D9570
Euronext code: IE00B23D9570
Symbol: PEH
New Underlying Index: FTSE RAFI Emerging Index
PowerShares FTSE RAFI Asia Pacific x Japan Fund
Trading name: PS Dyn Global DevM
New trading name: PS FTSERAFI ASIA P
ISIN: IE00B23D9463
Euronext code: IE00B23D9463
Symbol: PFA
New Underlying Index: FTSE RAFI Develop AP ex Japan
Source: NYSE Euronext
Inquiry on the Alternative Investment Fund Managers Directive (AIFMD)
February 5, 2010-The Sub-Committee will publish its report on the Directive on Alternative Investment Fund Managers on Wednesday 10 February 2010.
The Directive proposes an EU-wide range of new regulations for Alternative Investment Fund Managers including the managers of hedge funds and private equity funds. The Commission aim to both increase the stability of the European financial system and facilitate the single market in Alternative Investment Funds.
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Source: www.parliment.uk
Component Changes Made To Dow Jones Sweden Select Dividend 15 Index
February 5, 2010--Dow Jones Indexes, a leading global index provider, today announced component changes in the Dow Jones Sweden Select Dividend 15 Index.
Volvo AB Series B (Sweden, Industrial Goods & Services, VOLV-B.SK) will be deleted from the Dow Jones Sweden Select Dividend 15 Index and replaced by Industrivarden AB Series A (Sweden, Financial Services, INDU-A.SK).
Volvo AB Series B (Sweden, Industrial Goods & Services, VOLV-B.SK) is being removed due to the cancellation of its dividend payment. The changes in the Dow Jones Sweden Select Dividend 15 Index will be effective as of the open of trading on Wednesday, February 10, 2010.
The Dow Jones Sweden Select Dividend 15 Index represents the country's top 15 stocks by dividend yield. Further information on the Dow Jones Sweden Select Dividend 15 Index can be found on http://www.djindexes.com.
Source: Dow Jones Indexes
Component Changes Made To Dow Jones STOXX Nordic Select Dividend 20 Index
February 5, 2010--STOXX Ltd., the leading provider of European equity indices, today announced component changes in the Dow Jones STOXX Nordic Select Dividend 20 Index.
Volvo AB (Sweden, Industrial Goods & Services, VOLV-B.SK) will be deleted from the index due to the cancellation of its dividend payments.
It will be replaced by Industrivarden AB (Sweden, Financial Services, INDU-A.SK).
The changes in the Dow Jones STOXX Nordic Select Dividend 20 Index will be effective as of the open of trading on Wednesday, February 10, 2010.
Source: STOXX
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