Bats Europe Approved as an APA Under MiFID II
August 30, 2017--Bats' Trade Data Monitor (TDM), Europe's largest trading reporting facility, has received FCA approval to transition to an Approved Publication Arrangement (APA) under MiFID II
Bats Europe, a CBOE Holdings, Inc. company and the region's largest equities exchange operator, today announced it received approval from the UK's Financial Conduct Authority (FCA) on 24 August 2017 to operate its trade reporting facility as an Approved Publication Arrangement (APA) under MiFID II, with effect from 3 January 2018.
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Source: Bats Europe
France growth pace holds at 0.5%, second GDP estimate shows
August 29, 2017--The French economy continued growing at a modest clip in the second quarter after Emmanuel Macron was elected president in May, a second reading on gross domestic product showed.
The eurozone's second-biggest economy grew 0.5 per cent in the second quarter from the first, according to official data...
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Source: customstoday.com.pk
Eurex develops market-on-close service for futures
August 288, 2017--Eurex market-on-close futures allows opportunity to trade futures at index close level for hedging purposes.
Derivatives exchange operator Eurex has launched market-on-close futures to facilitate the migration from OTC instruments to on-exchange execution.
The service provides a concept to trade index futures at a price level directly linked to the underlying cash market index close, prior to its publication.
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Source: thetradenews.com
Lipper Monday Morning Memo: Monday Morning Memo: European Investors Look Globally for Yield-European Fund-Flow Trends, July 2017
August 28, 2017--July was the seventh consecutive month showing a positive picture for long-term mutual funds. European fund promoters enjoyed net inflows into equity funds (+€19.1 bn), followed by bond funds (+€17.1 bn), mixed-asset funds (+€10.3 bn), alternative UCITS funds (+€5.3 bn), and commodity funds (+€0.3 bn) as well as real estate funds (+€0.1 bn).
Meanwhile, "other" funds (-€1.3 bn) faced net outflows.
These fund flows added up to overall net inflows of €51.1 bn into long-term investment funds for July. ETFs contributed €7.8 bn to these flows.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Pay MiFID Research Costs Yourselves, Wealth Managers Tell Funds
August 23, 2017--Asset owners say fund managers should absorb research costs
MiFID II brings in research payment costs for asset overseers
As fund managers and research providers tussle over the cost of research under new European rules, some wealth managers are resisting the idea of paying anything at all.
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Source: Bloomberg
U.K. Brexit Concerns Rise as Businesses Fret About Economy
August 22, 2017--Talks on Britain's exit from EU are due to resume next week
Oxford Economics says odds of a successful deal have reduced
U.K. companies are getting more worried about the economy and feeling less confident in spending money on hiring or investing, according to a new report.
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Source: Bloomberg
Lipper Monday Morning Memo: Review of the European ETF Market, July 2017
August 21, 2017--The promoters of ETFs enjoyed net inflows for July. Backed by the net inflows, the assets under management in the European ETF industry (€582.2 bn) increased for July, up from €577.6 bn at the end of June.
The increase of €4.6 bn for July was driven by net new sales (+€8.1 bn), while market performance contributed a negative €3.5 bn to the assets under management in the ETF segment. With regard to the overall number of products, it was not surprising that equity funds (€407.0 bn) held the majority of the assets, followed by bond funds (€145.6 bn), commodity products (€17.6 bn), "other" funds (€7.0 bn), money market funds (€4.1 bn), mixed-asset funds (€0.6 bn), and alternative UCITS products (€0.3 bn).
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
Unscheduled adjustment in MDAX
August 21, 2017--On Monday, Deutsche Börse announced an unscheduled change to the MDAX Index. Due to the acquisition of STADA Arzneimittel AG by Nidda Healthcare Holding AG, the free float of STADA Arzneimittel AG changed by more than 10 percentage points.
According to the Guide to the Equity Indices of Deutsche Börse AG, section 5.1.5 Extraordinary Free Float Adjustments, the company's free float will be adjusted in the index from the current 99.86 percent to 36.10 percent. These changes will become effective on 24 August 2017.
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Source: Deutsche Börse Group
UK outlines approach to cross-border legal disputes post-Brexit
August 21, 2017-- Britain urged the EU on Tuesday to stick to the existing system for resolving cross-border civil disputes after Brexit, expanding on a list of proposals for future ties to try to nudge talks forward with the bloc.
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Source: Reuters
New ETF Listing on Euronext-Amundi ETF
August 18, 2017--Euronext is pleased to announce that Amundi Asset Management will list 1 new ETF on 22/08/2017 :
ISIN: FR0013267846
ETF Trading name: AMUNDI ETF FTS PIR
ETF Symbol:ITALI
Venue: Euronext Paris
Underlying index: FTSE Italia PIR Benchmark Net
TER (%): 0,35
Euronext now offers 793 Trackers listed on the European markets.
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Source: Euronext
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