SocGen Considers Shutting $4.7 Billion Prop-Trading Unit
January 17, 2019--Executives reviewing future of Descartes division: sources
Crosstown rival BNP shuttered prop-trading unit last week
Societe Generale SA is considering closing its proprietary-trading unit, people familiar with the matter said, a week after French rival BNP Paribas SA decided to shut its operation.
SocGen executives are reviewing the future of the Descartes Trading division, which makes risky bets with its shareholders’ funds, said the people, who requested anonymity as the details are private.
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Source: Bloomberg
RBC I&TS extends position in Sweden following appointment by Nordea Markets
January 16, 2019--RBC Investor & Treasury Services, part of Royal Bank of Canada (RY on TSX and NYSE), today announced that it has been appointed by Nordea Markets to provide custody, fund administration, transfer agency and related services for its UCITS Exchange Traded Funds (ETF) business listed in Sweden
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Source: RBC Investor & Treasury Services
Official Statistics: Forecasts for the UK economy: January 2019
January 16, 2019--A comparison of independent forecasts for the UK economy in January 2019
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Source: HM Treasury
ESMA reports on accepted market practices under MAR
January 16, 2019--The European Securities and Markets Authority (ESMA) has published today its annual report on the application of accepted market practices (AMP) in accordance with the Market Abuse Regulation (MAR).
AMPs are a defence against allegations of market manipulation. In particular, dealings in financial markets which are carried out for legitimate reasons and in conformity with an established AMP will not constitute market manipulation.
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Source: ESMA
BNPP AM strengthens sales team in Germany
January 16, 2019--BNP Paribas Asset Management (BNPP AM) has appointed Katharina Anna Rost to its ETF and Indexed Fund Solutions team in Germany, strengthening its sales capability and supporting its growth in the DACH region, effective 7 January 2019.
Rost reports to Claus Hecher, head of Sales Development for ETFs and Indexed Fund Solutions in Germany, Austria and German-speaking Switzerland. In this new role she will focus on promoting indexed fund solutions, including the BNP Paribas Easy range, to German investors.
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Source: investmenteurope.net
Lyxor lists Green Bond ETF in Sweden
January 16, 2019--On Tuesday 15th January, Lyxor launched our Green Bond ETF on the Nasdaq OMX Stockholm exchange.
The Lyxor Green Bond (DR) UCITS ETF (listing code LYXGREEN SS) was the world's first green bond ETF, and this is Lyxor's first Swedish listing.
We're committed to the Nordic region and to helping Swedish investors access funds with an environmental purpose.
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Source: Lyxor
Solactive Global Gold Giants Index launched as underlying for new Harvest Portfolios Group ETF
January 15, 2019--Solactive is pleased to announce the launch of the Solactive Global Gold Giants Index, which will be used as the underlying of Harvest Portfolios Group Inc.'s Harvest Global Gold Giants Index ETF (TSX: HGGG).
The Index intends to track the price movements of the 20 largest gold mining companies by company market capitalization listed on a regulated stock exchange in North America, Australia or in certain European countries.
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Source: Solactive
Flow Traders releases December 2018 ETP Market statistics
January 15, 2019--Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market statistics for December 2018. This refers to general market observations only.
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Source: Flow Traders
New L&G ETFs on Xetra with focus on sustainability
January 15, 2019--Since Tuesday five new Exchange Traded Funds from L&G are tradable via Xetra and Bö;rse Frankfurt.
The five new equity ETFs give investors the opportunity to participate in the performance of large and medium-sized companies from a) various industrialised countries in the Pacific region excluding Japan, b) European industrialised countries excluding Great Britain, c) Japan, d) USA or e) worldwide.
Excluded are companies active in pure coal mining, in the production of controversial weapons or which have violated at least one of the fundamental principles of the UN Global Compact over a continuous period of three years. The UN Global Compact is a catalogue of internationally accepted standards on human rights, labour, the environment and corruption.
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Source: Deutsche Börse Group
British Parliament rejects Theresa May's Brexit deal, leaving withdrawal from E.U. and prime minister's political future in doubt
January 15, 2019--With just 73 days to go until Britain is scheduled to leave the European Union, lawmakers Tuesday overwhelmingly rejected-by a vote of 432 to 202-the withdrawal deal painstakingly negotiated between Prime Minister Theresa May and her European counterparts.
The landslide vote was pure humiliation for a British leader who has spent the past two years trying to sell her vision of Brexit to a skeptical public, and her failure raised serious questions about how- and if-Britain will leave the E.U. as promised on March 29.
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Source: Washington Post
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