ESMA publishes opinion on CMVM's MAR accepted market practice on liquidity contracts
September 27, 2017--The European Securities and Markets Authority (ESMA) has published an opinion on the accepted market practice (AMP) notified by the Comissão do mercado de valores mobiliários (CMVM) of Portugal, which replaces the AMP under the Market Abuse Directive established on August 2008.
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Source: ESMA
BME creates IBEX 35(R) options-based strategy and volatility index series
September 27, 2017--BME has created a series of indices based on IBEX 35(R) options that complete the IBEX(R) index family. The main objective of these new indices is to measure the implied volatility of the market and offer certain investment strategies based on derivative products.
To be calculated and disseminated as of 16 October
The new indices, which will begin to be calculated as of 16 October and will be disseminated at the close of each session through the website (www.bmerv.es) are:
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Source: BME (Bolsas y Mercados Españoles
New ETF Listing on Euronext-LYXOR SG JAPAN QI
September 26, 2017--Euronext is pleased to announce that LYXOR INTERNATIONAL AM will list 1 new ETF on 28/09/2017:
ISIN: LU1662633525
ETF Trading name: LYXOR SG JAPAN QI
ETF Symbol: SGQJ
Venue: Euronext Market
Underlying index: SG Japan Quality Income
TER(%): 0,45
Euronext now offers 784 Trackers listed on the European markets.
more info
Source: Euronext
EBA and ESMA publish guidelines on suitability assessment for management body members and key function holders
September 26, 2017--The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) have published their joint Guidelines to assess the suitability of members of management bodies and key function holders.
Four new BNP Paribas equity index ETFs launched on Xetra
September 26, 2017--Two of the three smart beta ETFs enable investors to participate in the performance of high-dividend companies domiciled in Europe or the USA. The BNP Paribas Easy Equity Value US UCITS ETF provides access to US companies that have a low price-to-book ratio and thus appear undervalued based on their fundamentals.
The BNP Paribas Easy MSCI World ex CW UCITS ETF EUR gives investors the opportunity to invest in companies primarily from developed markets and that are not involved in making cluster bombs, mines, chemical, biological or nuclear weapons. All four BNP Paribas Easy ETFs are accumulating ETFs which track the reference indices synthetically.
The product offering in Deutsche Börse's XTF segment currently comprises a total of 1,178 exchange traded funds.
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Source: Deutsche Börse Cash Market
J.P. Morgan Asset Management arm hires seniors to expands ETF business
September 26, 2017--The asset management arm of JPMorgan Chase and Co said it appointed ex-Deutsche Bank executive John Adu as the UK head of exchange-traded fund (ETF) distribution.
JP Morgan Asset Management also appointed ex-Societe Generale Corporate and Investment Banking executive Tom Stephens as head of its of ETF international capital markets. Adu and Stephens will be based in London and will report to Byron Lake, head of international ETFs.
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Source: Reuters
First Cleared RFQ Inflation Swap Trade Executed on Tradeweb
September 25, 2017--Tradeweb Markets, a leading global provider of fixed income, derivatives and ETF marketplaces, announced that the first cleared inflation swap transaction using in-competition request-for-quote (RFQ) protocol was executed on its [European] Interest Rate Swap (IRS) platform.
The trade was executed by Legal & General Investment Management (LGIM) and cleared by LCH. Tradeweb currently supports cleared zero coupon GBP inflation swaps up to 50 years, and EUR and French inflation swaps up to 30 years, with 8 dealers providing liquidity in inflation swap instruments.
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Source: Tradeweb
Dragan Radanovic appointed Member of the Management Board at Boerse Stuttgart
September 25, 2017--Supervisory Board fills vacant position on management boards of Boerse Stuttgart GmbH and EUWAX AG
Dragan Radanovic (40) will take up the positions of Member of the Management Board at Boerse Stuttgart GmbH and EUWAX AG on 1 October 2017.The appointments were confirmed at Thursday's meeting of the two companies' supervisory boards.
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Source: Boerse Stuttgart
Lipper Monday Morning Memo: European Investors Shy Away From Equities over August 2017
September 25, 2017--August was the eighth consecutive month showing a positive picture for long-term mutual funds. European fund promoters enjoyed net inflows into bond funds (+€21.3 bn), followed by mixed-asset funds (+€8.2 bn), and alternative UCITS funds (+€2.1 bn).
Meanwhile, equity funds (-€1.2 bn), real estate funds (-€0.8 bn), "other" funds (-€0.7 bn), and commodity funds (-€0.02 bn) faced net outflows.
These fund flows added up to overall net inflows of €28.9 bn into long-term investment funds for August. ETFs contributed €3.2 bn to these inflows.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Theresa May urges EU to retain trade terms for two years after Brexit
September 22, 2017--PM Theresa May has said there should be a transition period of "about" two years after Brexit, during which trade should continue on current terms.
EU migrants will still be able to live and work in the UK but they will have to register with the authorities, under her proposals.
And the UK will pay into the EU budget so member states are not left out of pocket.
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Source: bbc.com