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Flow Traders NV: Dennis Dijkstra proposed for reappointment as sole CEO, CFO Marcel Jongmans steps down
December 7, 2018--The Supervisory Board has assessed the Management Board's profile and composition following Sjoerd Rietberg's earlier announcement not to opt for reappointment at the 2019 AGM. In consultation with the Management Board, the Supervisory Board has decided to propose to the upcoming AGM to reappoint Mr. Dijkstra as Flow Traders' sole CEO.
Marcel Jongmans has decided to step down to pursue other opportunities. His duties will be
assumed by his fellow Management Board members with immediate effect.
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Source: Flow Traders
Financial services exports to EU face 59% fall
December 7, 2018--Britain's exports of financial services to the EU could fall by almost 59 per cent as a result of leaving the single market, marking a "sea change"..
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Source: FT.com
Correction: DMG Mori AKTIENGESELLSCHAFT remains in SDAX
December 6, 2018--Deutsche Börse announced on Wednesday that DMG Mori AG will be excluded from the SDAX index on 27 December 2018 according to the fast exit rule. This information is not correct; DMG Mori AKTIENGESELLSCHAFT remains in SDAX.
Accordingly, VARTA AG will not be included in the SDAX index. Other changes to the MDAX or SDAX are not affected. There will also be no changes in the DAX and TecDAX indices. The next date for the scheduled review of the share indices of Deutsche Börse AG is 5 March 2019.
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Source: Deutsche Börse Group
Carl Zeiss Meditec AG to be included in MDAX
December 5, 2018--On Wednesday, Deutsche Börse announced changes to its selection indices, which will become effective on 27 December 2018. The shares of Carl Zeiss Meditec AG will be included in the MDAX index and will replace the shares of CTS Eventim AG & CO.
KGaA, which will be included in the SDAX index. The exclusion of CTS Eventim AG & CO. KGaA is based on the fast exit rule; Carl Zeiss Meditec AG is eligible for the index inclusion due to its market capitalisation and order book turnover.
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Source: Deutsche Börse Group
National Statistics: UK official holdings of international reserves: November 2018
December 5, 2018--This release details movements in the international reserves of gold and assets held by the UK government.
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Source: HM Treasury
LSEG to shutter EQD business, pivots to interest rate products
December 5, 2018--The London Stock Exchange Group has decided to shut down some product lines in its equity derivatives business as it focuses on its interest rates offering
The decision was made as LSEG decided to focus on CurveGlobal, its interest rate derivatives platform. The platform has been a big player in the industry push to move away from Ibor benchmarks and to risk-free reference rates.
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Source: globalcapital.com
WisdomTree launches Artificial Intelligence ETF (WTAI)
December 5, 2018--Tracks a unique index designed in collaboration with AI & technology market experts, Nasdaq and the Consumer Technology Association
Offers focused exposure to exponential AI megatrend
WisdomTree, the exchange traded fund ("ETF") and exchange traded product ("ETP") sponsor, has partnered with Nasdaq and the Consumer Technology Association (CTA) to launch an ETF providing unique exposure to the Artificial Intelligence (AI) sector.
The WisdomTree Artificial Intelligence UCITS ETF listed on the London Stock Exchange today, with a total expense ratio (TER) of 0.40%.
The ETF will provide investors with liquid and cost-effective access to this exponential technology megatrend that is driving efficiencies and new business capabilities across all industries globally and redefining the way we live and work.
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Source: WisdomTree
Commission presents ways to further strengthen the euro's global role
December 5, 2018--In light of the upcoming European Council and Euro Summit in December, the Commission presents actions to strengthen the role of the euro in a changing world.
In his State of the Union Address in September 2018, President Juncker highlighted the strategic importance of the euro and the need to ensure that the single currency can play its full role on the international scene.
Supported by upcoming decisions to strengthen Europe's Economic and Monetary Union, complete the Banking Union and advance on the Capital Markets Union, the euro needs to develop its global role and fully reflect the euro area's political, economic and financial weight.
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Source: European Commission
London's stockbrokers fight for survival
December 5, 2018--A new game has become popular in the City of London: making bets on which famous stockbroking name will disappear first.
Regulation, a dearth of IPOs and automation unleash radical industry change.
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Source: FT.com
Maintaining Stability is Crucial to Russia's Growth and Poverty Reduction Goals, says World Bank Report
December 4, 2018--Russia's growth prospects remain modest, forecast at between 1.5% and 1.8% for the period 2018-20, says the World Bank's latest Russia Economic Report. Growth momentum increased in the first half of 2018, supported by robust global growth, rising oil prices and a macro policy framework that has promoted stability.
Preliminary estimates suggest, however, that growth appears to have weakened to 1.3% (year-on-year) in the third quarter of 2018, following a weak harvest, sluggish performances in manufacturing and construction, and the waning effects of the 2018 FIFA World Cup.
view the World Bank report-
Russia's Economy: Preserving Stability, Doubling Growth, Halving Poverty-How?
Source: World Bank
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