New J.P. Morgan ETF on Xetra: Risk-weighted Emerging Market Government and Quasi-Government Bonds
December 10, 2019--A new J.P. Morgan Exchange Traded Fund has been tradable on Xetra and Börse Frankfurt since Tuesday.
The JPMorgan ETFs (Ireland) ICAV-Emerging Markets Sovereign Bond UCITS ETF-USD (acc) allows investors to participate in the performance of emerging market government and quasi-government bonds denominated in US dollars.
Issuers that are 100 per cent collateralised or owned by the national government are considered quasi-governmental.
The benchmark index is the J.P. Morgan Emerging Markets Risk-Aware Bond Index.view more
Source: Deutsche Börse Cash Markets
Eurex enhances European ETF ecosystem with new product
December 9, 2019--First exchange to offer EUR fixed income ETF options
Eurex-part of Deutsche Börse Group-will extend its pioneering role in ETF derivatives. To further support the financial industry in hedging their portfolios, Europe's leading derivatives exchange will be the first to launch EUR-denominated fixed income ETF options on 9 December.
The two underlying ETFs-iShares EUR High Yield Corporate Bond ETF (IHYG LN) and iShares Core EUR Corporate Bond ETF (IEAC LN)-are among the largest corporate bond ETFs in Europe. Options on these UCITS-compliant ETFs offer investors further optionality to hedge or gain exposure to European investment grade and high yield credit indexes.
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Source: Deutsche Börse Group
ESMA values EU derivatives markets at 735tn euros
December 9, 2019--The European Securities and Markets Authority (ESMA) the EU's securities regulator, today publishes its second Annual Statistical Report analysing the European Union's (EU) derivatives markets.
The Report, based on data submitted under the European Markets and Infrastructure Regulation (EMIR), provides a comprehensive market-level view of the EU’s derivatives markets in 2018, which had a total size of €735tn gross notional amount outstanding, an increase of 11% on 2017.
Highlights
The growth in this market is driven by an increase in interest rate derivatives and equities, which make up respectively 76% and 6% of the total.
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Source: ESMA
MiFID II/MiFIR Review Report No. 1 On the development in prices for pre-and post-trade data and on the consolidated tape for equity instruments
December 5, 2019--MiFID II/MiFIR provide for a number of review reports requiring the European Commission (EC), after consulting ESMA, to present a report to the European Parliament and the Council on various provisions.
Following a public consultation this first review report covers the review provisions on the development in prices for pre-and post-trade transparency data from regulated markets, multilateral trading facilities (MTFs), organised trading facilities (OTFs), approved publication arrangements (APAs) and consolidated tape providers (CTPs) as well as the functioning of the consolidated tape (CT) for equity instruments as provided for in Articles 90(1)(g) and 90(2) of MiFID II and Article 52(7) of MiFIR. Since these mandates are linked, ESMA decided to cover them in one single review report.
view report
Source: ESMA
EU Overhaul Has Failed to Lower Data Costs, Top Regulator Says
December 5, 2019--ESMA seeks consolidated tape of equity market transactions
Regulator publishes review of the sweeping MiFID II shake-up.
Europe's sweeping market reforms have failed to lower the cost of data or improve transparency, and now regulators want to take another whack at solving the problem.
The European Securities and Markets Authority called for a real-time consolidated tape of information about transactions. That would help increase transparency, overcome Europe's fragmented trading systems and improve liquidity, according to ESMA's chairman Steven Maijoor.
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Source: bloomberg.com
ESMA updates its Q&As on MiFID II and MiFIR transparency and market structures topics
December 5, 2019--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding market structures and transparency issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The new Q&As provide clarification on the following topics:
Conversion of LIS/SSTI thresholds in lots;
Member preferencing and pre-arranged transactions; and
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Source: ESMA
Sygnum and Amun launch innovative digital asset index for the next generation Internet-the Internet of Value
December 5, 2019--Sygnum and Amun launch innovative digital asset index for the next generation Internet-the Internet of Value
December 5, 2019--A new Exchange Traded Product (ETP) is listed on the SIX exchange to track the Amun Sygnum Platform Winners Index. This ETP is a useful vehicle to gain passive exposure to foundational blockchain protocols, as well as a convenient, safe entry point for investors new to digital assets.
Sygnum, the world's first digital asset bank, in collaboration with Amun AG, the largest provider of Exchange Traded Products in the digital asset industry, have launched a new digital asset index.
The corresponding ETP, called the Amun Sygnum Platform Winners Index ETP (ticker: MOON) begins trading on the SIX exchange today. This ETP enables all types of investors to gain exposure to digital assets in a convenient, safe and responsible way.
A pure play on the blockchain protocol layer
This is the first index to only track native blockchain protocol tokens using a fully rules-based approach. The index identifies the most established foundational protocols upon which applications and ecosystems are being built. These include Bitcoin, Ethereum and others such as EOS, Binance Chain, Cardano, and NEO. These protocols represent the potential building blocks of the future digital asset economy.
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Source: Amun AG
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
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