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Deutsche Börse Launches Web Portal for Portfolio Risk Assessment
Objective key risk figures available online for asset managers and investors
November 16, 2009--Deutsche Börse’s SENSIS® data product has been available via its own web portal since Monday. SENSIS supplies investors and investment advisors with objective key indicators for systematic risk measurement of tradable investments.
Internet users can run through their own investment scenarios at www.sensis-data.com, and optimize investment portfolios or investment recommendations in line with their personal willingness to take risks. Deutsche Börse calculates these figures as a neutral provider, thereby providing asset managers, advisors and investors with particularly easy access to securities risks without them having to install additional software. The SENSIS data, which is updated daily, provides the risk profile of individual securities, including funds and bonds, or of entire investment portfolios. Risk concentrations are instantly identifiable in diagrams.
SENSIS key risk figures (also known as sensitivity analyses) are calculated for each security, i.e. per ISIN. The analyses include influential factors such as currencies, interest rates and commodities prices. The customer accordingly receives up to 30 indicators per single share. This enables the identification of critical risk components in the portfolio that either increase investment risk or decrease diversification. The expanded data package contains additional standardized risk parameters for simplified determination of value at risk, the standard risk measure for portfolios. Defined individual risk parameters can also be taken into account for client-specific calculations.
As last year, Deutsche Börse Market Data & Analytics in cooperation with Private Banking Prüfinstanz, has successfully used SENSIS key indicators to analyze portfolio recommendations from 55 asset managers. The results will be summarized in the FUCHSBRIEFE report “TOPS – The best asset managers 2010”.
Interested parties can test the SENSIS portal for four weeks free of charge, and download the results. Further information is available at www.sensis-data.com and on the Deutsche Börse website at www.deutsche-boerse.com/sensis.
Source: Deutsche Börse
Finnish State Treasury Picks Eurex Bonds as Eligible Trading Platform
November 16, 2009--Eurex Bonds, the international electronic bond trading platform, today announced that it has been admitted by the Finnish State Treasury to act as a secondary market venue for trading of Finnish government bonds. In Finland, 14 primary dealers are eligible to conduct wholesale government bond market operations.
Laurent Ortiz, managing director of Eurex Bonds, said “We are delighted to be one of the eligible electronic trading platforms for Finnish government bonds. The admission is a confirmation of our goal to provide a liquid market for European bonds on an electronic trading platform, thereby increasing transparency for all market participants.”
Finland is the second European country to grant Eurex Bonds the status of “eligible platform” for primary dealers. Since 2008, Eurex Bonds has also been eligible for the wholesale government bond market in the Netherlands, the admission was re-confirmed in March 2009 by the Dutch Treasury Ministry. In 2009, around €4 billion of Dutch government bonds (single counted) were traded via the Eurex Bond platform.
In the first three quarters of 2009, Eurex Bonds recorded a total traded volume (single counted) of €66 billion.
Source: Eurex
ETF Securities launches the world's largest Exchange Traded Currency Platform
November 16, 2009--ETF Securities has launched the world’s largest and Europe’s first exchange-traded currency platform with trading expected to begin next week.
Currencies are the most liquid asset class with over USD3.2trn of trading each day, yet it is one of the last asset classes to be packaged in the form of an exchange-traded product.
The first day FX could be traded on the London Stock Exchange was 12 November 2009.
Source: Online News
NYSE Euronext lists two additional Lyxor ETF
November 16, 2009--NYSE Euronext is pleased to announce the listing of two additional Lyxor ETFs today:
LYXOR ETF EUROMTS AAA GOVERNMENT BOND-ISIN:FR0010820258
Tocker Symbol: MAA
Lyxor ETF Euro Corporate Bond ex Financials-ISIN:FR0010814236
Symbol:CNB
Source: NYSE Euronext
NASDAQ OMX and the Nordic Securities Dealers Associations Update Timetable for Migration to New Trading Platform
November 16, 2009--NASDAQ OMX, the
Danish Securities Dealers Association, the Federation of Finnish
Financial Services and the Swedish Securities Dealers Association, have
together agreed on an updated timetable for the migration to a new
trading platform on the NASDAQ OMX exchanges in Copenhagen, Helsinki,
Iceland, Riga, Stockholm, Tallinn and Vilnius.
Based on the updated timetable, the new trading platform, INET, will be
introduced on February 8, 2010 on the NASDAQ OMX exchanges in
Copenhagen, Helsinki, Iceland, Riga, Stockholm, Tallinn and Vilnius.
The original migration was scheduled for November 30, 2009 in Tallinn,
Riga, Vilnius and Iceland, and on December 7, 2009 in Copenhagen,
Helsinki and Stockholm.
The joint decision between NASDAQ OMX and the Nordic Securities Dealers Associations about the new timetable has been taken in order to ensure readiness and ample time for system testing among market participants in all seven countries, and thus safeguard a secure and seamless transition to the new trading platform.
The implementation is subject to necessary regulatory consent or
approval.
Source: NASDAQ OMX
IOSCO consults on point of sale disclosure for Collective Investment Schemes
November 16, 2009--The International Organisation of Securities Commissions (IOSCO) Technical Committee has published a consultation report on Principles on Point of Sale Disclosure.
The Report proposes a set of principles, for the disclosure of key information relating to collective investment schemes, designed to assist markets and market authorities when considering point of sale disclosure requirements in their respective jurisdictions.
The Technical Committee is seeking input from financial services practitioners, industry participants and other relevant stakeholders.
The closing date for responses is 16 February 2010.
View report-Principles on Point of Sale Disclosure
Source: The International Organisation of Securities Commissions (IOSCO)
Eurozone prices fall for fifth month
November 16, 2009--Prices across the 16 nations using the euro fell annually in October for the fifth month running official figures showed on Monday.
The official Eurostat EU data agency confirmed an earlier estimate that the cost of living across the eurozone fell by just 0.1 percent, a significantly gentler drop than the 0.3-percent drop recorded in September.
October will highly likely mark the last month of eurozone deflation," IHS Global Insight's chief economist Howard Archer forecast, as oil prices rise.
Nevertheless eurozone inflation seems "highly likely" to remain under the European Central Bank's target of just below 2.0 percent for some time, he added.
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Source: EU Business
Pension deficits in Britain underestimated by £268bn
November 16, 2009--Lloyds' stated pension obligations are €14.2bn shy of the real size of the deficit, while RBS's are €13.3bn behind, according to research from equity research house AlphaValue.
British Airways, which is pursuing a merger with Spanish airline Iberia, boasts the third highest shortfall at €10.5bn. The size of BA's pension deficit is being monitored by the airline's shareholders as Iberia has retained the right to walk away from the agreed merger pending the outcome of a triennial review at the UK carrier's pension fund.
Other companies boasting sizeable differences between actual and stated pension obligations included Barclays, BT Group, GlaxoSmithKline and HSBC, according to the research.
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Source: Daily Telegraph
Flash estimates for the third quarter of 2009-Euro area GDP up by 0.4% and EU27 GDP up by 0.2%-4.1% and -4.3% respectively compared with the third quarter of 2008
November 13, 2009--GDP increased by 0.4% in the euro area 1 (EA16) and by 0.2% in the EU27 1 during the third quarter of 2009, compared with the previous quarter, according to flash estimates published by Eurostat, the Statistical Office of the European Communities . In the second quarter of 2009, growth rates were -0.2% in the euro area and -0.3% in the EU27 .
Compared with the same quarter of the previous year, seasonally adjusted GDP decreased by 4.1% in the euro area and by 4.3% in the EU27 in the third quarter of 2009, after -4.8% and -4.9% respectively in the previous quarter.
During the third quarter of 2009, US GDP increased by 0.9% compared with the previous quarter, after -0.2% in the second quarter. US GDP decreased by 2.3% compared with the same quarter of the previous year (-3.8% in the previous quarter).
The euro area (EA1 6) consists of Belgium, Germany, Ireland, Greece, Spain, France, Italy, Cyprus, Luxembourg, Malta, the Netherlands, Austria, Portugal, Slovenia, Slovakia and Finland.
The EU27 includes Belgium (BE), Bulgaria (BG), the Czech Republic (CZ), Denmark (DK), Germany (DE), Estonia (EE), Ireland (IE), Greece (EL), Spain (ES), France (FR), Italy (IT), Cyprus (CY), Latvia (LV), Lithuania (LT), Luxembourg (LU), Hungary (HU), Malta (MT), the Netherlands (NL), Austria (AT), Poland (PL), Portugal (PT), Romania (RO), Slovenia (SI), Slovakia (SK), Finland (FI), Sweden (SE) and the United Kingdom (UK).
Summary quality information
European quarterly national accounts are compiled in accordance with the European System of Accounts 1995 (ESA95). The flash estimate of 2009 Q3 GDP growth presented in this release is based on Member States’ data as available, directly covering 97% of EA16 GDP (90% of EU27 GDP). For more details of the flash methodology please refer to News Release 55/2003 of 15 May 2003.
view Selected Principal European Economic Indicators
Source: European Commission
UBS Will Add Exchange-Traded Notes as Investment Demand Rises
October 13, 2009--UBS AG, Switzerland’s biggest bank, plans to add exchange-traded notes linked to stocks, bonds and commodities after assets tied to earlier products more than doubled this year, a company executive said.
“In 2010, we’re planning on launching anywhere from five to 10 new ETNs,” Christopher Yeagley, the head of structured- equity products, said by telephone from New York yesterday. “They won’t necessarily be in commodities, but that is one area we are looking at,” along with stocks and bonds, he said.
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Source: Bloomberg
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