Flow Traders releases December 2017 ETP market volumes
January 12, 2018--Flow Traders N.V. ("Flow Traders") (Euronext: FLOW), today releases the monthly ETP (Exchange Traded Products) market data for the month December 2017. This refers to general market data only.
In December 2017, the total Global ETP Assets under Management (AuM) grew to US$ 4,758bn from US$ 4,661bn in November (+2.08% month-on-month, source: BlackRock ETP Landscape December 2017).
That translates into a total Global ETP AuM in euro terms of € 3,962bn in December 2017 versus € 3,909bn in November 2017, with an EUR/USD FX rate of 1.2008 (rate end December 2017).
The average VIX for the month of December reached 10.17 (versus 10.57 in November), with an intraday low of 8.90 (versus 8.56 as a low in November) and an intraday high of 14.58 (versus 14.51 in November)
(Source: Bloomberg).
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Source: Flow Traders N.V.
Tradeweb European Exchange-Traded Funds Update-December 2017
January 12, 2018--The following data is derived from trading activity on the Tradeweb European-listed ETF platform.
ETF total traded volume
December's activity on the Tradeweb European ETF marketplace reached €10.9 billion despite lower than average market volatility and the holiday season effect.
Adriano Pace, managing director for equity derivatives at Tradeweb, said: "December marked the end of another record-breaking year for our platform, with more than €165 billion executed in European-listed ETFs throughout 2017, an increase of 23% from 2016. The number of clients trading ETFs on the platform was also up by 13%, while the number of dealers providing ETF liquidity climbed to 29."
December also saw the proportion of European ETF transactions processed using Tradeweb's automated intelligent execution tool (AiEX) increase to 31.3%, surpassing November's figure by two percentage points.
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Source: Tradeweb
European ETF market leaps 40% in strongest showing since 2009
January 11, 2018--We are just starting the journey the US has seen, says BlackRock senior manager
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Source: FT.com
ESMA raises concerns on fees charged by CRAs and Trade Repositories
January 11, 2018--The European Securities and Markets Authority (ESMA) has published a Thematic Report on fees charged by Credit Rating Agencies (CRAs) and Trade Repositories (TRs), following the conclusion of ESMA's supervisory review of the current fee structures in the credit rating and trade repository industries.
In conducting its review, ESMA has collected and analysed information from publically available resources, periodical submissions to ESMA and dedicated requests for information from supervised entities. ESMA also maintained regular engagement with users of credit rating and trade repositories services who provided further information.
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Source: ESMA
Brexit: UK could lose half a million jobs with no deal, says Sadiq Khan
January 11, 2018--Analysis commissioned by London mayor predicts 'lost decade' of slump and lower employment with hard Brexit
A no-deal Brexit could cause the UK to lose half a million jobs and nearly £50bn in investment by 2030, according to an economic forecast commissioned by the mayor of London, Sadiq Khan.
The report, which models five possible scenarios for leaving the EU ranging from a near-status-quo situation to leaving on World Trade Organisation terms without any transition agreement, warns that the worst option could be a "lost decade" of economic slump.
view more ETFGI reports record-breaking 2017 for European-listed ETFs and ETPs with assets increasing 40.1% to reach a record US$802 billion view more Amundi unveils dynamic multi-factor allocation range view more FCA issues warning over retail investor exposure to risky products view more
MiFID II setback: Regulator halts European equity trading shake-up view more
In the United States the yield curve was at its flattest in almost a decade, with the ten-year Treasury bond yielding less than 60 basis points above the two-year Treasury bond, whereas at the start of 2017 the spread between the yields of the two bond maturities had been 125 basis points. The spread between German government bond yields for the ten and two-year maturities had hovered around 100 basis points.
Source: ECB
January 10, 2018--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs and ETPs listed in Europe increased by 40.1% during 2017 to reach a new high of US$802.38 Bn at the end of December.
According to ETFGI's December 2017 European ETF and ETP industry insights report, an annual paid-for research subscription service, assets invested in European-listed ETFs/ETPs grew by a record US$229.76 Bn during 2017, over double the previous record of US$67.00 Bn set in 2016. The increase of 40.1%, from US$572.62 Bn at the end of 2016, also represents the greatest growth in assets since 2009 when markets recovered following the 2008 financial crisis.
Source: ETFGI
January 10, 2018--Amundi has bolstered its smart beta and factor investing range with the launch of a new dynamic multi-factor allocation process, the company has announced.
The new approach is to be applied to its Luxembourg international flagship Amundi Funds SICAV, which includes the Amundi Funds Dynamic Multi Factors Euro Equity and Amundi Funds Dynamic Multi Factors Global Equity strategies.
Source: citywireselector.com
January 10, 2018--Probe uncovers conflicts and risk of mis-selling in contracts for difference market
The UK's financial watchdog has published a stinging letter to companies that offer risky investment products to retail clients, pointing to poor compliance, management failings and the high risk of mis-selling.
Source: FT.com
January 10, 2018--Rulings were due to be first calculations aimed at clamping down on trading in dark pools
European regulators late on Tuesday abruptly delayed the introduction of Mifid II rules that form a key part of their push for greater transparency in share market trading.
The sudden development means that share trading across the region will be spared from a shake-up for at least three months, and one that was set to temporarily bar a large number of stocks from being transacted in private venues, known as dark pools.
Source: Luxembourg Times