ESMA updates Benchmarks Regulation Q&As
March 22, 2018--The European Securities and Markets Authority (ESMA) has updated its Questions and Answers (Q&As) regarding the implementation of the Benchmarks Regulation (BMR).
The Q&As include one new answer regarding the following topic:
Requirements applicable to supervised contributors during the transitional period.
The purpose of this document is to be a practical convergence tool used to promote common supervisory approaches and practices in the application of the BMR. It should also help investors and other market participants by providing clarity on the requirements. ESMA will periodically review these Q&As and update them where required.
view the Q&A on the Benchmarks Regulation (BMR)
Source: ESMA
Fallen-Angel ETF Takes the Hunt for Downgraded Bonds Global
March 22, 2018--Global version of fund targeting downgraded debt lists today
U.S. version has outperformed junk and high-grade markets
One of the best-performing exchange-traded bond funds in the U.S., which hunts for corporate credits newly downgraded to junk, is shaking off its domestic focus and going global.
The VanEck Vectors Global Fallen Angel High Yield Bond UCITS ETF is scheduled to start trading Friday on the London Stock Exchange under the ticker GFA.
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Source: Bloomberg
Flow Traders releases February 2018 ETP market volumes
March 22, 2018--Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market data for the month February 2018. This refers to general market data only.
In February 2018, the total Global ETP Assets under Management (AuM) decreased to US$ 4,875bn from US$ 5,052bn in January 2018 (-3.5% month-on-month, source: BlackRock ETP Landscape February 2018).
That translates into a total Global ETP AuM in euro terms of € 3,997bn in February 2018 versus € 4,055bn in January 2018, with an EUR/USD FX rate of 1.21965 (rate end February 2018).
The average VIX for the month of February 2018 reached 22.46 (versus 10.99 in January 2018), with an intraday low of 13.47 (versus 8.92 as a low in January 2018) and an intraday high of 37.32 (versus 15.42 in January 2018) (Source: Bloomberg).
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Source: Flow Traders N.V.
Four Lyxor equity index ETFs on core markets launched on Xetra
March 21, 2018--Four Lyxor equity index ETFs on core markets launched on Xetra
ETFs offer access to companies from the UK, the USA, Japan and worldwide
Four new exchange-traded funds issued by Lyxor International Asset Management have been tradable on Xetra since Wednesday.
The four ETFs track the performance of large and medium-size stock corporations weighted by market capitalisation in the relevant reference indices. Investors can choose from these regions: UK, USA, Japan and global.
The Lyxor Core Morningstar UK NT (DR) UCITS ETF and the Lyxor Core Morningstar US Equity (DR) UCITS ETF offer investors access to large and mid-cap UK and US stock corporations. The Lyxor Core Morningstar UK NT (DR) UCITS ETF comprises 97 percent of UK free-float-adjusted market cap.
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Source: Deutsche Börse Cash Market
Eddie Murphy-Inspired Fintech Firm Signs With Winklevoss Crypto Exchange
March 21, 2018--Beeks to start Bitcoin, Ether trading through Gemini exchange
Glasgow-based firm named many projects after hit 1983 movie
A U.K. fintech firm named after one of Eddie Murphy's early movies has hooked up with crypto royalty.
Beeks Financial Cloud Group Plc--whose name is a reference to the 1983 film 'Trading Places' starring Murphy and Dan Aykroyd--signed a pact with Gemini Exchange, the crypto trading platform run by the billionaire Winklevoss twins.
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Source: Bloomberg
Neu auf Xetra: Vier Aktienindex-ETFs von Lyxor auf Core-Markte
21. Mrz 2018--ETFs bieten Zugang zu Unternehmen aus dem Vereinigten Königreich, den USA, Japan und Industrieländern
Seit Mittwoch sind vier neue Exchange Traded Funds des Emittenten Lyxor International Asset Management über Xetra handelbar.
Die vier ETFs bilden die Wertentwicklung von großen und mittelständischen Aktienunternehmen ab, die im jeweiligen Referenzindex nach ihrer Marktkapitalisierung gewichtet sind. Anleger können zwischen den Regionen Vereinigtes Königreich, den USA, Japan und Global wählen.
Der Lyxor Core Morningstar UK NT (DR) UCITS ETF und der Lyxor Core Morningstar US Equity (DR) UCITS ETF bieten Anlegern Zugang zu großen und mittleren Unternehmen des britischen bzw. US-amerikanischen Aktienmarktes. Der Lyxor Core Morningstar UK NT (DR) UCITS ETF deckt dabei 97 Prozent der free-float-adjustierten Marktkapitalisierung des Vereinigten Königreichs ab
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Source: Deutsche Börse Cash Market
HANetf makes senior operations hire as demand for white label ETF services grow
March 21, 2018--Mark Tan has been appointed Director of Operations, assuming responsibility for all on-platform fund operations
HANetf is delighted to announce the appointment of Mark Tan as Director of Operations, further deepening the expertise and capabilities of Europe's first independent white label ETF platform.
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Source: HANetf
ESMA clarifies treatment of packages under MiFIR's trading obligation for derivatives
March 21, 2018--The European Securities and Markets Authority (ESMA) has issued today an opinion providing further guidance on the treatment of packages under the trading obligation for derivatives which the Markets in Financial Instruments Regulation (MiFIR) introduced on 3 January 2018.
MiFID II's trading obligation for derivatives does not provide for a tailored regime for packages, which is likely to result in the divergent application of the trading obligation for derivatives in the EU. In order to ensure the consistent application of the trading obligation across the Union, ESMA decided to issue an Opinion clarifying, through a positive list, the categories of packages for which the derivative components subject to the trading obligation are always required to be traded on a trading venue.
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Source: ESMA
Price Wars Heat Up as Lyxor Launches Low Cost ETFs in Europe
March 20, 2018--A wave of price cuts on exchange-traded funds (ETFs) accelerated on Wednesday when French asset management firm Lyxor launched what it said were the lowest cost ETFs in Europe.
Lyxor, a subsidiary of Societe Generale, unveiled four new ETFs and cut the fees on twelve existing ETFs in the latest move by an ETF provider to turn up the heat on competitors in an increasingly fierce price battle.
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Source: NY Times
High risks persist for European securities markets and investors ESMA says
March 20, 2018--European securities markets, infrastructures and investors remain at risk, the European Securities and Markets Authority (ESMA) said today in its latest Trends, Risks, and Vulnerabilities (TRV) Report (No 1, 2018). ESMA also re-iterated its concerns about retail investors investing in speculative and risky products, such as virtual currencies and Initial Coin Offerings (ICOs).
The TRV, which covers the second half of 2017, finds that overall risk levels for the EU's securities markets remained stable but at high levels for most risk categories. However, February 2018 saw severe market corrections and the return of equity market volatility, confirming ESMA's prevailing concerns. On the other hand, the level of credit risk eased, from very high to high, reflecting a strengthening macroeconomic environment and higher credit ratings in several EU Member States.
view the ESMA Trends, Risks, and Vulnerabilities (TRV) Report (No 1, 2018)
Source: ESMA
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