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ESMA discusses haircuts in EU securities financing transactions
March 27, 2017--The European Securities and Markets Authority (ESMA) issued a research piece on shadow banking published in its recent report on trends, risks and vulnerabilities (TRV).
The piece provides a stock-take of the multi-trillion €-large market for securities financing transactions (SFTs) in the European Union and firms' use of collateral haircuts. ESMA's research aims at understanding the level and the calculation methodologies of haircuts used in the EU by SFT market participants.
view the ESMA resrach paper-Haircuts in EU securities financing markets
Solactive Expands Smart Beta Offering With The Launch Of Two New Global Infrastructure Income Indices Licensed To J.P. Morgan
March 24, 2017--Solactive is announcing the release of two new indices in the infrastructure space, the Solactive Global Infrastructure High Income Index and the Solactive Global Infrastructure Income Index.
These indices offer exposure to an investible basket of infrastructure companies from developed markets screened for high dividend yield and low volatility. The Solactive Global Infrastructure High Income Index offers more focus on dividend income, by only selecting stocks that are expected to pay a dividend in the next quarter.
Four new iShares sector ETFs launched on Xetra
March 23, 2017--ETFs provide access to US companies from the consumer staples, industrials, materials and utilities sectors
Four new equity index ETFs issued by iShares have been tradable on Xetra and Börse Frankfurt since Thursday.
Name: iShares S&P 500 Consumer Staples Sector UCITS ETF USD (Acc)
Asset class: equity index ETF
ISIN: IE00B40B8R38
Total expense ratio: 0.1 percent
Distribution policy: accumulating
Benchmark: S&P 500 Consumer Staples Capped 35/20 Index
EU to formally veto Deutsche Boerse LSE merger shortly: sources
March 22, 2017--The European Commission will shortly veto a proposed merger between Deutsche Boerse (DB1Gn.DE) and the London Stock Exchange (LSE.L), four sources close to the matter said on Wednesday, scuppering plans to create Europe's biggest exchange.
The European Commission, the London Stock Exchange and Deutsche Boerse declined to comment.
ESMA sees relatively ample liquidity in sovereign bond markets
March 21, 2017--The European Securities and Markets Authority (ESMA) latest research piece on market liquidity published in its recent report on trends, risks and vulnerabilities (TRV) finds improved liquidity in European sovereign bonds markets.
Episodes of short-term volatility and liquidity stress across several markets over the past few years have increased concerns about the worsening of secondary market liquidity, in particular in the fixed income segment. ESMA's report confirms the negative effects of both the financial and...
ESMA sees high market and valuation risk amid substantial political and policy uncertainty
March 20, 2017--The European Securities and Markets Authority (ESMA)'s latest report on Trends, Risks and Vulnerabilities No. 1, 2017 (TRV) identifies political and policy uncertainty-such as potential repercussions from the upcoming elections in some EU Member States-as the main risk drivers for 2017.
Risks in the markets under ESMA remit remained at high levels, reflecting very high risk in securities markets, and elevated risk for investors, infrastructures and services.
view the ESMA Report on Trends, Risks and Vulnerabilities
No. 1, 2017
Theresa May to trigger article 50 on 29 March
March 20, 2017--EU sources say May missed chance of swift start to negotiations and EU27 will keep her waiting before formal response
The UK's permanent representative to the European Union, Sir Tim Barrow, notified the EU on Monday morning that a letter should be expected on that date. The move will put the UK on course to leave the EU on the same date in 2019.
db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR) launched on Xetra
March 20, 2017--ETF provides access to liquid euro-denominated corporate bonds
A new db x-trackers bond index ETF from Deutsche Asset Management's product offering has been tradable via Xetra and Börse Frankfurt since Monday.
Name: db x-trackers II EUR High Yield Corporate Bond UCITS ETF (DR)
Asset class: bond index ETF
ISIN: LU1109943388
Total expense ratio: 0.35 percent
Distribution policy: accumulating
Reference index: Markit iBoxx EUR Liquid High Yield Index
Investors ignore broader dangers of a Le Pen victory
March 20, 2017--If France leaves the euro, it could cause another 'Lehman moment'.
view more
MLP AG will replace GfK SE in SDAX
March 17, 2017--On Friday, Deutsche Börse announced an unscheduled change to the SDAX Index. The shares of MLP AG will replace the shares of GfK SE.
Due to the acquisition of GfK SE by Acceleratio Capital N.V., the free float of GfK SE changed again and dropped to 3.34 %. With a free float below 10 percent, the company is ineligible for index inclusion, according to the rules in the Guide to the Equity Indices of Deutsche Börse AG. The change will become effective on 22 March 2017.
