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Xetra trading ready for MiFID II
December 4, 2017--Update for Deutsche Börse's T7 trading system/Regulatory requirements implemented
As of today, Xetra trading is ready to meet the requirements of MiFID II, the European Markets in Financial Instruments Directive, which goes into effect at the beginning of 2018.
Deutsche Börse's underlying T7 trading system was therefore updated to Release 6.0.
MiFID II places new requirements on pre and post-trade transparency-algorithmic trades must be designated as such in the future.
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Source: Deutsche Börse Cash Market
MOVES-BNP Paribas asset management arm hires Lelief to ETF sales team
December 4, 2017--The asset management arm of BNP Paribas appointed Elodie Lelief to its ETF and indexed fund solutions sales team.
Lelief, who began her career at BNP Paribas in 2006 as a financial analyst for key corporate accounts, will focus on French-speaking clients, the firm said
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Source: Reuters
S&P 500 UCITS ETF with currency hedge launched by UBS Global Asset Management on Xetra
December 4, 2017--ETF tracks the performance of the 500 largest public US companies
A new exchange traded fund (ETF) issued by UBS Global Asset Management has been tradable on Xetra and Börse Frankfurt since Monday.
The new ETF offers investors the opportunity to participate in the performance of the 500 largest exchange-listed US companies. The S&P 500 Index represents the most important US sectors and is calculated in US dollars, but this unit class hedges the exchange rate risk between the euro and the US dollar. The companies included in the index are weighted according to their market capitalisation.
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Source: Deutsche Börse Cash Market
After NASDAQ, Moscow Stock Exchange is Planning to Introduce Bitcoin Futures
December 4, 2017--In August, the Russian exchange announced its infrastructural development to trade cryptocurrencies.
Russia's largest stock exchange, the Moscow Stock Exchange (MOEX), is now planning to introduce Bitcoin futures on the platform, as reported by news.bitcoin.com.
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Source: financemagnates.com
New Fidelity International smart beta ETF launched on Xetra
December 1, 2017--A new exchange traded fund (ETF) issued by Fidelity International has been tradable on Xetra and Börse Frankfurt since Friday. The new smart beta ETF enables investors to participate in the performance of large and medium-sized stock corporations from industrialised countries, characterised by high-dividend yields and high quality.
The quality of a company is measured using various fundamental data, such as stable profits and cash flows. The ETF minimises the exchange rate risk between the US dollar and the euro.
Name: Fidelity Global Quality Income UCITS ETF-EUR Hedged
Asset class: equity index
ETF ISIN: IE00BYV1YH46
Ongoing charges p.a.: 0.45 percent
Distribution policy: accumulating
Reference index: Fidelity Global Quality Income Index
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Source: Deutsche Börse Cash Market
Euronext acquires 100 percent of Irish Stock Exchange in 'strategic' move
December 1, 2017--Pan-European exchange Euronext has announced its acquisition of 100 percent of the Irish Stock Exchange for €137 million ($162.48 million)
The transaction represents a move by the ISE to deepen ties with mainland Europe and an effort by Euronext to expand its revenue base and its position in debt and fund listings.
ISE Chief Executive Deirdre Somers said that she did not believe that the deal was focused on bridging Brexit uncertainties
Pan-European exchange Euronext has announced its acquisition of 100 percent of the Irish Stock Exchange (ISE) for €137 million ($162.48 million).
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Source: CNBC.com
Etixx Quick-Step team sponsor joins First Crypto ETF To Build Innovative Digital Asset Custody
December 1, 2017--The First Crypto ETF today announced it has entered into an agreement for an investment from janom, a private equity company based in Central Europe, to build a Digital Asset Custody.
Both parties have agreed not to disclose the amount of the investment. The Digital Asset Custody (DAC) will securely store all digital assets including cryptocurrencies managed by the First Crypto ETF fund but will also be sold as a standalone product.
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Source: coinwisdom.org
New ETF Listing on Euronext-LYXOR EMU MIN VAR
December 1, 2017--Euronext is pleased to announce that MULTI UNITS LUXEMBOURG will list 1 new ETF on 05/12/2017:
ISIN: LU1717044488
ETF Trading name: LYXOR EMU MIN VAR
ETF Symbol: MVMU
Venue: Euronext Paris
Underlying index: FTSE Dev Eurozone Min Var
TER(%): 0,2
more info
Source: Euronext
Deutsche Boerse-Cash markets achieved the highest turnover since March 2015 with 154.2 billion euros
December 1, 2017--Increase of 24 per cent year-on-year
With a turnover of €154.2 billion in November, Deutsche Börse cash markets achieved the highest turnover since March 2015 (November 2016: €124.7 billion).
Of the €154.2 billion, €138.0 billion were attributable to Xetra (November 2016: €113.3 billion). The average daily turnover on Xetra was thus €6.3 billion. Order book turnover on Börse Frankfurt totalled €4.7 billion (November 2016: €4.2 billion) and on Tradegate Exchange €11.4 billion (November 2016: €7.1 billion).
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Source: Deutsche Börse Cash Market
S&P Dow Jones Europe Index Dashboard
November 30, 2017--Summary
In a difficult month for European equities, the S&P Europe 350 fell 2.11%, erasing all the previous gains this quarter.
News of a breakdown in negotiations between German Chancellor Angela Merkel's Christian Democratic Union (CDU) party and the three other parties holding talks to form Germany's next coalition government added to the uncertainty.
The S&P United Kingdom declined 1.87% in November and the U.K. contributed most negatively to the S&P Europe 350.