ETF providers hope Mifid II will spur European growth
January 3, 2018--The answer to one of the mysteries of financial markets will start to emerge this month when a spotlight shines across Europe's exchange traded fund industry.
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Source: FT.com
Xetra-Gold ends 2017 with record holdings of 175 tonnes of gold
January 3, 2018--Germans continue investing heavily in gold/Increase of 57 tonnes over previous year/Europe's largest physically-backed gold security
The gold holdings of the Xetra-Gold physically-backed bearer note of 175.04 tonnes at the end of 2017 marks a new all-time high.
That figure stood at just 117.59 at the end of 2016. The reserve increases when investors purchase Xetra-Gold units via the stock exchange. Each unit is backed by exactly one gram of physical gold stored in the German central vault for securities. Assets under management of Xetra-Gold are currently worth around €6.1 billion.
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Source: Deutsche Börse Cash Market
Eurex Exchange outlines 2018 road map
January 3, 2018--In 2018, Europe's largest derivatives exchange Eurex, part of Deutsche Börse Group, will continue to focus on helping its clients to navigate the regulatory changes ahead. "The introduction of MiFID II, rising capital requirements and Brexit pose challenges to the whole market," said CEO Thomas Book.
"In this environment, we gather our innovative power and develop solutions that support the industry." Therefore, Eurex will further expand its suite of capital efficient products like Total Return Futures, the STOXX portfolio and its MSCI derivatives universe. In addition, the exchange continues to strengthen its deep liquidity pools, among others through the launch of new market models like the request for quote platform EnLight.
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Source: Eurex
The Spanish Stock Exchange Traded 651.4 Billion Euro In 2017
January 2, 2017--The Spanish stock exchange traded €651.4 billion in 2017
The trading volume in December reached €47.6 billion
The ETF trading volume in 2017 totalled €4.4 billion
The number of contracts registered in MEFF in 2017 was 44.6 million
New issues on MARF in 2017 grew 74.1% to €3.9 billion
Equities
The equity trading volume on the Spanish Stock Exchange in 2017 totalled €651.4 billion, in line with that traded during the same period in 2016 (€652.9 billion). In December the trading volume reached €47.6 billion, up 3.4% from the preceding month of November.
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Source: BME (Bolsas y Mercados Españoles
MiFID Shake-Up Goes Smoothly Even as Trading Volumes Dry Up
January 2, 2018--European regulator says they haven't seen glitches so far
Investors pause after most significant rules change in decade.
The biggest regulatory change in Europe in 10 years got off to a comparatively smooth start as the chairman of the European Securities and Markets Authority said he’s seen no teething problems.
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Source: Bloomberg
New ETF Listing on Euronext-1 UBS ETF
January 2, 2018--Euronext is pleased to announce that UBS ETF will list 1 new ETF on 04/01/2018 :
ISIN: IE00BDR55927
ETF Trading name: UBS ETF AWSR
ETF Symbol: AWSR
Venue: Euronext Amsterdam
Underlying index: MSCI ACWI SRI 5% Issuer Capped 100% hedged to EUR (Net Return)
TER (%): 0,48
Euronext now offers 759 Trackers listed on the European markets.
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Source: Euronext
Thomson Reuters-Monday Morning Memo: Bond funds dominate European fund flows in November 2017
January 2, 2018--European Fund-Flow Trends, November 2017
November was the eleventh consecutive month showing a positive picture for long-term mutual funds.
European fund promoters enjoyed net inflows into bond funds (+€18.0 bn), followed by equity funds (+€7.1 bn), alternative UCITS funds (+€2.4 bn), mixed-asset funds (+€1.7 bn), and real estate funds (+€0.7 bn) as well as commodity funds (+€0.6 bn).
Meanwhile "other" funds (-€0.4 bn) faced net outflows.
These fund flows added up to overall net inflows of €30.1 bn into long-term investment funds for November. ETFs contributed €6.6 bn to these inflows.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
S&P Dow Jones Europe Index Dashboard
December 29, 2017--Summary
The S&P Europe 350 ended the year with a 10.75% total return. Signs of a strengthening European economy and the success of more moderate parties in Dutch, French, and German elections provided tailwinds for the region's equities over the year.
The S&P United Kingdom gained 11.85% in local currency terms this year. Although the index benefitted when market participants deemed a so-called "hard Brexit" less likely, this benefit was slightly offset by the positive impact on Pound Sterling; an appreciating currency meant revenues earned abroad became relatively less valuable to U.K. domiciled companies.
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Source: S&P Dow Jones Indices
European exchanges clash with customers over fees rise
December 27, 2017--Battle between Spanish bourse and UBS is flashpoint in fight about pre-Mifid charges
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Source: FT.com
ESMA publishes updated key transparency calculations for MiFIDII/MiFIR implementation
December 22, 2017--The European Securities and Markets Authority (ESMA) has published an updated version of the MiFID II/MiFIR transitional transparency calculations (TTC) for equity and bond instruments.
This updated version mainly reflect schanges in the classification of the instruments and the related parameters and resubmission of data by some trading venues. This new version is the one to be used by market participants, infrastructures and authorities under the new regulatory framework from 3 January 2018.
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Source: ESMA
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