Boerse Stuttgart records turnover in excess of EUR 6.4 billion in March
April 4, 2018--Trading volume of leverage products up year on year
According to its order book statistics, Boerse Stuttgart generated turnover in excess of EUR 6.4 billion in March 2018.
Securitised derivatives made up the largest share of the turnover. The trading volume in this asset class was more than EUR 3 billion. Leverage products accounted for around EUR 1.9 billion of this figure-a year-on-year increase of 26 percent-while investment products contributed around EUR 1.2 billion to the total turnover.
In equity trading, the order book turnover totalled around EUR 1.5 billion in March, of which German equities accounted for EUR 1.1 billion and international equities around EUR 350 million.
The turnover from debt instrument trading amounted to around EUR 863 million. Corporate bonds made up the largest share of the turnover, at around EUR 653 million.
The order book turnover in exchange-traded products (ETPs) in March was in the region of EUR 903 million. Turnover in investment fund units was around EUR 116 million.
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Source: Boerse Stuttgart
ETFGI reports ETFs and ETPs listed in Europe gathered net inflows of 9.90 billion US dollars during February 2018, the lowest amount since December 2017
April 4, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that ETFs and ETPs listed in Europe gathered US$9.90 billion in net inflows during February 2018, the lowest monthly amount since December 2017 when net inflows were US$1.77 billion. Year-to-date net inflows for 2018 reached US$25.9 billion at the end of February. (All dollar values in USD unless otherwise noted.)
Highlights
Net new assets gathered by ETFs/ETPs listed in Europe were $9.90 Bn, the lowest monthly net inflows since December, which saw $1.77 Bn
Due to market moves assets invested in ETFs/ETPs listed in Europe decreased by 2.84%, or $24.3 Bn, during February, to $832 Bn
February 2018 marked the 41st consecutive month of net inflows into ETFs/ETPs listed in Europe.
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Source: ETFGI
IMF-Luxembourg : Selected Issues
April 3, 2018--IMPACT OF MONETARY POLICY ON LUXEMBOURG1
Accommodative monetary policy has contributed to the performance of the Luxembourg economy through some expansion of aggregate demand and through its impact on the financial system. Banks have remained profitable and interest margins stable, while fee and commission income from fund and other activity has been healthy. The investment fund industry has benefited from various factors such as portfolio rebalancing, search for yield, and other market developments leading to strong inflows into various classes of investment funds, and through strong valuation effects.
Scenario analysis suggest that the fund industry could be adversely impacted by sharp interest rate increases and that, because of interconnections, the banking system would also be affected. Margins of some banks could also decline when interest rate normalize. Against this backdrop, it is important to mplement all 2017 FSAP recommendations that will contribute to making the financial system more resilient to shocks, including those arising from faster-than-expected monetary policy normalization.
A. Introduction
1. Monetary policy has been in exceptional territory since the global financial crisis, thereby supporting aggregate demand. While short-term interest rates reached the lower bound,
various unconventional monetary policies were implemented by the ECB and by the Federal Reserve System (Fed), including long-term refinancing operations, asset purchase programs, outright monetary transactions, negative interest rates on the deposit facility driving short-term rates into negative territory, and novel communication tools such as forward guidance.
view the IMF-Luxembourg : Selected Issues report
Source: IMF
Cash markets achieve turnover of EUR 165.1 billion in March
April 3, 2018--Trading volume in the first quarter 33 percent higher year-on-year
Deutsche Börse cash markets achieved a turnover of €165.1 billion in March (2017: €135.7 billion). In the first quarter of 2018, the trading volume was €480.1 billion-an increase of around 33 percent compared with the first three months in 2017 with €361.5 billion.
Of the €165.1 billion, €152.2 billion were attributable to Xetra (March 2017: €123.6 billion). The average daily turnover on Xetra was thus €7.2 billion. Order book turnover on Börse Frankfurt totalled €3.7 billion (March 2017: €4.3 billion) and on Tradegate Exchange €9.2 billion (March 2017: €7.8 billion).
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Source: Deutsche Börse Cash Markets
Solactive AG acquires FinTech Primervoto GmbH in Berlin
April 3, 2018-- Solactive is excited to announce that it has completed the acquisition of Primervoto, its long-standing technology partner
The transaction was closed on the 29th of March 2018, and sees the full integration into Solactive AG of a team of 38 technology specialists, based in Berlin. The Primervoto team has played a key part in Solactive's success story as it has been instrumental to the delivery of highly scalable IT-solutions for real-time calculations of financial indices since 2010. The financial terms of the transaction remain undisclosed.
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Source: Solactive AG
220-Year-Old German Bank Mulls Robo-Adviser for Companies
April 3, 2018--220-year-old Hamburg-based private bank M.M.Warburg & CO, which now uses an online asset manager to also attract private clients with smaller wallets, might expand this offer to semi-institutional customers by the end of the year, according to investment chief Christian Jasperneite.
The company's so-called Warburg Navigator, which was launched last year, accepts private clients with a minimum investment of just 20,000 euros. For a fee of 1.2 percent, the bank handles the investment of assets, such as ETFs and actively managed funds.
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Source: bloombergquint.com
ESMA proposes simplifications to prospectuses format and content
April 3, 2018--The European Securities and Markets Authority (ESMA) is publishing the first Part of its Technical Advice (TA) under the Prospectus Regulation. The TA is published in response to a mandate from the European Commission (EC) of 28 February 2017, and has been developed following extensive consultation with the public through three Consultation Papers published on 6 July 2017.
ESMA submitted the TA to the EC on 28 March 2018 in line with the deadline indicated in the mandate.
The TA covers the areas of format and content of prospectus, the EU growth prospectus and the scrutiny and approval of prospectus.
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Source: ESMA
Key figures SIX Swiss Exchange: March 2018
April 3, 2018--March saw a high level of activity on SIX Swiss Exchange. Trading turnover was up by 1.8% on the prior month to CHF 125.9 billion, equating to an average turnover of CHF 6.0 billion per trading day. There was also an increase in the number of transactions, which climbed by 1.1% to 5,549,702.
No less than three companies brought listings to the market in a space of just four working days, which marked the highest frequency of listings on the Swiss stock exchange since 2006. The listing of ASMALLWORLD took place on the 20th of the month, followed by Sensirion on 22 and Medartis on 23 March.
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Source: SIX Swiss Exchange
The Spanish exchange traded EURO 49.2 billion in March
April 3, 2018--The Spanish Exchange traded €49.2 billion in Equities in March, up 5.8% from the preceding month and down 15.4% year-on-year as in March 2017 several companies were listed on the market, i.e. Prosegur and Neinor Homes, thus increasing volumes that month.
The number of trades in March came in at 3.82 million, which brings a total 12.48 million trades for the first three months of the year.
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Source: Bolsas y Mercados Españoles
S&P Dow Jones Indices Index Dashboard: Europe March 2018
March 30, 2018--Summary
European equity markets suffered this month and this quarter as surging volatility weighed on returns. The S&P Europe 350 fell 1.85% in March, completing a 4.18% drop for the quarter.
As might be expected, the more defensive strategies and market segments outperformed. Among S&P Europe 350 sectors, Consumer Discretionary led this quarter. Among equity strategies, Enhanced Value, Quality and Low Volatility were the leaders, outperforming to the tune of 4.06%, 1.50% and 1.43%, respectively, so far this year.
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Source: S&P Dow Jones Indices
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