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ESMA updates MiFID II Q&A on market structure issues
November 15, 2017--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding market structure issues under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The purpose of these Q&As is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR. They provides responses to questions posed by the general public and market participants in relation to the practical application of market structure issues. This update includes new answers regarding:
•Tick size regime;
view the Q&A on MiFID II and MiFIR market structures topics
Source: ESMA
Invesco PowerShares hires first Europe-based PM
November 15, 2017--Invesco PowerShares has hired its first Europe-based in-house portfolio manager, the company has announced.
The world's fourth-largest ETF provider has hired Raphael Stern as head of portfolio management EMEA.
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Source: citywireselector.com
Invesco PowerShares Hires EMEA Portfolio Manager
November 15, 2017--Invesco PowerShares, the world's fourth-largest ETF provider, has hired Raphael Stern as Head of Portfolio Management EMEA.
The hire reflects PowerShares' commitment to growing its market share in the UK and continental Europe in the wake of its recent acquisition of ETF provider Source.
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Source: Markets Media
ETF Securities Sells Platform to LGIM
November 15, 2017--ETF Securities Limited has agreed to sell its European Exchange Traded Fund platform, known as Canvas, to Legal & General Investment Management (Holdings) Limited (LGIM).
The ETF platform comprises an Irish-based UCITS fund and a UK-based investment manager and has $2.7* billion of AUM spread across 17 products. The Canvas team will be moving to LGIM.
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Source: Markets Media
Official Statistics: Forecasts for the UK economy: November 2017
November 15, 2017--A comparison of independent forecasts for the UK economy in November 2017.
Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
OECD-Economic Survey of Switzerland 2017
November 14, 2017-The Swiss economy has shown considerable resilience to shocks, but economic growth remains slow, and per capita income levels still hover at levels attained before the global economic crisis.
Further reforms are needed to restore productivity growth, boost incomes and ensure that today's high living standards and levels of well-being are passed on to future generations, according to a new report from the OECD.
view the OECD Overview of the Economic Survey of Switzerland 2017
Source: OECD
FLOW TRADERS ASSESSES NEW CAPITAL REQUIREMENTS
November 14, 2017--The Dutch Central Bank (DNB) informed Flow Traders N.V. ("Flow Traders" or "the Company") (Euronext: FLOW) yesterday evening about its decision to amend capital requirements for investment firms dealing on their own account.
Starting 31 March 2018 Flow Traders and other investment firms dealing on their own account are required to meet the requirements of the EU Capital Requirements Regulation (CRR). Flow Traders is currently assessing the impact of these CRR capital requirements.
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Source: Flow Traders N.V.
Clearstream's monthly report-Digitization and Fintech trends set to further increase speed of innovation
November 14, 2017--New technological developments in the fields of Artificial Intelligence (AI), Big Data, Robotics, Blockchain and the like, as well as the rise of Fintechs have increased the speed of change in the financial industry.
This new wave of technology has the potential to support the market to overcome certain barriers to harmonization, while delivering efficiency gains and supporting risk mitigation. And this development is set to continue over the next decade: trends in digitization will accelerate, and the challenge for established providers will be to find the correct means of collaborating with new business models and innovative technologies.
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Source: Clearstream
Consumer warning about the risks of investing in cryptocurrency CFDs
November 14, 2017--Contracts for differences (CFDs), including financial spread bets, with cryptocurrencies as the underlying investment are increasingly being marketed to consumers.
These products are extremely high-risk, speculative products. This warning is to inform consumers about the risks of buying them.
What are cryptocurrency CFDs?
CFDs are complex financial instruments which allow you to speculate on the price of an asset. They are often offered through online platforms.
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Source: fca.org.uk
ESMA updates MiFID II Q&A on commodity derivatives
November 14, 2017--The European Securities and Markets Authority (ESMA) has today updated its Questions and Answers (Q&As) regarding commodity derivatives under the Market in Financial Instruments Directive (MiFID II) and Regulation (MiFIR).
The purpose of this document is to promote common supervisory approaches and practices in the application of MiFID II and MiFIR in relation to commodity derivatives topics. It provides responses to questions posed by the general public and market participants in relation to the practical application of data reporting requirements.
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Source: ESMA