STOXX and Eurex expand ESG footprint to cover US Market
December 5, 2019--New STOXX USA 500 ESG-X Index Futures support Eurex's global ESG strategy
Qontigo's global index provider STOXX Ltd. has licensed the STOXX USA 500 ESG-X Index as an underlying for listed futures on the international derivatives exchange Eurex.
The new futures contract is scheduled to be launched on February 10, 2020, well ahead of the quarterly roll. Eurex will expand its ESG derivatives product suite exactly one year after its successful launch of the first futures on STOXX ESG indices. This is part of a broader strategy to take the Eurex ESG offering to a global level.
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Source: Deutsche Börse Group
New UBS ETF on Xetra: Emerging Markets Bond Markets with Currency Hedging
December 5, 2019--Since Thursday, a new Exchange Traded Fund from UBS Global Asset Management has been tradable via Xetra and Börse Frankfurt.
The UBS ETF-J.P. Morgan USD EM Diversified Bond 1-5 UCITS ETF (hedged to EUR) enables investors to participate in the performance of US dollar-denominated short-term government bonds, quasi-government bonds and emerging market corporate bonds.
The benchmark index is the J.P. Morgan USD EM Diversified 3% capped 1-5 Year Bond hedged to EUR Index. Only short-term bonds with a remaining term of one to five years, an outstanding volume of at least USD 500 million and a rating above B- are included in the index. In addition, the maximum market capitalisation per country in the index is limited to three per cent, thus avoiding concentration on individual countries and achieving a more even distribution of the weighting.
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Source: Deutsche Börse Cash Markets
ESMA updates Q&AS on MiFID II and MiFIR investor protection and intermediaries
December 4, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the implementation of investor protection topics under the Market in Financial Instruments Directive and Regulation (MiFID II/ MiFIR). The update includes Q&As on costs and charges and product intervention
The overall Q&As provide clarifications on the following topics:
Best execution;
Suitability and appropriateness;
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Source: ESMA
ESMA UPDATES ITS Q&As RELATING TO THE PROSPECTUS REGULATION
December 4, 2019-The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the Prospectus Regulation with two new Q&As.
The two Q&As provide clarification on the following issues in relation to the Prospectus Regulation:
The inclusion of pro-forma summaries in base prospectuses.
The application of prospectus disclosure annexes where securities do not fall neatly within a specific.
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Source: ESMA
ESMA updates AIFMD Q&A
December 4, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers on the application of the Alternative Investment Fund Managers Directive (AIFMD)
ESMA has added one new Q&A on the AIFMD reporting to National Competent Authorities.
The Q&A provides clarification on reporting requirements on liquidity stress tests for closed-ended unleveraged Alternative Investment Fund (AIFs).
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Source: ESMA
UK official holdings of international reserves: November 2019
December 4, 2019--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: gov.uk/
Gemini Hires Former Starling Bank Founder as Managing Director of Europe
December 4, 2019--Gemini, the cryptocurrency exchange co-founded by Tyler and Cameron Winklevoss, is tapping a digital bank founder to manage its European operations, the company announced Wednesday.
Julian Sawyer, former co-founder and chief operating officer at U.K.-based Starling Bank, will shape the exchange's strategy for the region as well as manage European hiring, according to a press release. Sawyer will report to Gemini's president, Cameron Winklevoss.
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Source: coindesk.com
Institutions Are Showing Interest in ETP Tied to Binance Coin, Amun Says
December 3, 2019---Swiss crypto investment product provider Amun says it has received significant institutional interest in its exchange-traded product (ETP) tied to the Binance Coin (BNB) exchange token.
Amun's Managing Director and Head of ETFs, Laurent Kssis, said the company’s European roadshow in London, Zurich, Milan and Scandinavia is already "fully booked" with meetings with representatives from over 30 institutional investors across the continent.
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Source: coindesk.com
ESMA updates the CSDR Q&As
December 3, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding the implementation of the Central Securities Depositories Regulation (CSDR).
The updated Q&As provide answers to questions regarding practical issues on the implementation of the new CSDR regime.
The latest CSDR Q&As clarify the application of requirements related to the CSD matching functionality.
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Source: ESMA
ESMA updates its BMR Q&As
December 3, 2019--The European Securities and Markets Authority (ESMA) has issued today an update of its Question and Answers (Q&As) on the European Benchmarks Regulation (BMR).
The new Q&A's provide clarification on the following issues:
Annual review of IOSCO principles for Oil Pricing Reporting Agencies (PRAs); and
The legal representative under Article 32(3) of BMR
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Source: ESMA