Asset managers snub UK pension fund code on fees
March 29, 2018--Franklin Templeton, Kames and HSBC among funds yet to back greater disclosure initiative.
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Source: FT.com
Europe's Booming, but Investors Aren't Making Much
March 28, 2018--In the past 12 months, the Stoxx Europe 600 has returned just 0.3% in local-currency terms.
Europe's economic boom and its stable politics have fulfilled investors' deepest wishes over the past year. All bar one: European stocks have barely made them a single euro.
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Source: Wall Street Journal
New ETF Listing on Euronext-2 BNPP EASY ETFs
March 28, 2018--Euronext is pleased to announce that BNP PARIBAS EASY will list 2 new ETFs on 03/04/2018 :
ISIN: LU1753045928
ETF Trading name:BNPP EASY JSRI ETF
ETF Symbol: SRIJ
Venue: Euronext Paris
Underlying index: MSCI Japan SRI (NR) index
TER (%): 0.3
ISIN:LU1753045415
ETF Trading name: BNPP EASY EUSRIETF
ETF Symbol: SRIE
Venue: Euronext Paris
Underlying index: MSCI Europe SRI (NTR) index
TER (%): 0,3
Euronext now offers 750 Trackers listed on the European markets.
more info
Source: Euronext
ESMA finalises guidelines on how to report internalised settlement
March 28, 2018--The European Securities and Markets Authority (ESMA) has published today its final guidelines on how to report internalised settlement under the Central Securities Depositories Regulation (CSDR).
Entities such as investment firms and credit institutions. who are providing custody/ safekeeping services in relation to financial instruments recorded in a CSD. can settle transactions in those financial instruments outside the securities settlement systems operated by CSDs. but need to report them to national competent authorities (NCAs). starting on 12 July 2019.
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Source: ESMA
ESMA updates its MiFID II Q&As on market structures and transparency topics
March 28, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers regarding transparency and market structures issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The Q&As provide clarification on the following topics:
the scope of the trading obligation for derivatives;
the default tick size regime;
fee structures;
SI and matched principal trading;
DEA provider's controls and suitability checks.
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Source: investmenteurope.net
EU markets watchdog clamps down on CFDs, 'binary' options
March 27, 2018--European Union financial markets watchdog the European Securities and Markets Authority (ESMA) announced plans on Tuesday to ban 'binary' options sales to retail investors and restrict the sales of Contract for Differences. (CFD)
It said it was prohibiting the marketing, distribution and sale of binary options to retail investors, while its restrictions on CFDs would affect the marketing, sale and distribution of them.
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Source: Reuters
Euronext completes the acquisition of the Irish Stock Exchange
March 27, 2018--Today, Euronext announces the completion of the acquisition of 100% of the shares and voting rights of The Irish Stock Exchange plc[1], after receiving regulatory approvals.
Major milestone achieved in the expansion of Euronext's federal model, in line with its mission to power pan-European capital markets to finance the real economy and its long term strategy, demonstrating its ability to welcome independent European exchanges:
The Irish Stock Exchange plc today joins Euronext's federal model and will operate under the business name Euronext Dublin[2], with Ireland becoming one of the six core countries of Euronext
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Source: Irish Stock Exchange plc,
STOXX rolls out a new multi-dimensional offering
March 27, 2018--Cutting-edge technology for white label indices for the broader market/New index brand Omnient based on STOXX universe and operational quality
STOXX Ltd., the operator of Deutsche Börse Group's index business and a global provider of innovative and tradable index concepts, is rolling out a new multi-dimensional offering for high-speed solutions.
Firstly, it is opening up its established index calculation service to the wider market to address growing demand. Secondly, it is launching a new index brand, Omnient-www.omnient.com, to offer custom indices based on its existing index universe.
Under the Omnient brand, STOXX will provide quality assurance and ensure operational reliability for the management of Omnient indices. STOXX will also serve as benchmark administrator for the respective regulations that apply to the development and dissemination of indices worldwide.
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Source: STOXX
ESMA updates its Q&A on MiFID II commodity derivatives topics
March 27, 2018--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) on the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR) regarding commodity derivatives topics.
These Q&As provide clarification on issues related to the MiFIDII/MiFIR regime for commodity derivatives, including on position limits, position reporting, and ancillary activity.
New or revised answers are provided on the following topics:
Position limits: the Q&A clarifies the circumstances under which less liquid contracts may receive bespoke position limits established by the relevant national competent authority (NCA); and it introduces a tailored approach to the development and application of commodity position limits for spread contracts (i.e. spread positions are disaggregated, and the subsequent individual constituent positions are added to the relevant overall position for the relevant contract).
view the Q&A on MiFID II and MiFIR commodity derivatives topics
Source: ESMA