Infographic-The UK's Brexit Options in the Eurozone landscape
August 1, 2017--The Eurozone? The European Economic Area? The European Free-Trade Area? The European Customs Union? Whaaat?
A graphic that hopefully clarifies the complex structure of the European Union and the UK's various routes for Brexit.
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Source: Information is Beautiful.com
Dark trading and market quality
August 1, 2017-Moderate levels of activity in UK dark pools appear to support market quality in equities.
Changes in regulation, coupled with advances in tech, have led to a proliferation in new classes of trading venues. One of the most important are 'dark pools'-where orders with no pre-trade transparency are executed. In other words, where there is no visibility of the order book.
Dark pools attract big institutional investors for a number of reasons. Not only do they offer firms the opportunity to execute large trades while avoiding significant price impacts. In most cases they provide better prices than lit venues.
view the FCA Occasional Paper No. 29-Aggregate market quality implications of dark trading
Source: fca.org.uk
Eurozone Economy Speeds Up, Raising Chance of Stimulus Taper
August 1, 2017--Currency area's GDP has grown faster than the U.S.'s over the last 18 months
The eurozone's economy quickened in the second quarter, raising expectations the European Central Bank will begin to phase out its stimulus measures next year as the region emerges from the shadow of the past decade's financial crises.
Gross domestic product in the 19-country euro currency zone grew by 0.6% in the three months to June, an annualized pace of 2.3% and a slight improvement from the 0.5% expansion in the first...
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Source: Wall Street Journal
First Trust launches actively managed global currencies ETF
July 31, 2017--ETF provider First Trust Global Portfolios (FTGP) has launched what it describes as the first actively managed ETF in Europe focused on investing in global foreign exchange markets.
The Irish-domiciled First Trust FactorFX Ucits ETF is denominated in USD and has a total expense ratio of 0.75%.
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Source: international-adviser.com
Monday Morning Memo: 2017-New Records Ahead for the European Fund Industry?
July 31, 2017--Review of the Trends in the European Fund Industry H1-2017
Looking at the headline figures, first half 2017 set the stage for a new record year in the European fund industry. The assets under management in Europe stood at €10.0 tr at the end of June, close to the record level shown earlier in the year. In addition, the European fund industry enjoyed net inflows of €362.5 bn over the course of first half 2017.
Assets Under Management in the European Fund Industry
The assets under management in the European fund industry increased from €9.4 tr to €10.0 tr over the course of first half 2017. This increase was mainly driven by net inflows (+€362.5 bn), while market performance contributed €282.7 bn.
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Source: Detlef Glow, Head of EMEA Research-Thomson Reuters Lipper
ETFGI reports assets invested in ETFs/ETPs listed in Europe reach a new record of US$686 billion at the end of first half of 2017
July 31, 2017--ETFGI, a leading independent research and consultancy firm on trends in the global ETF/ETP ecosystem, reported today that assets invested in ETFs/ETPs listed in Europe reached a new record of US$686 billion at the end of first half of 2017, according to ETFGI's June 2017 global ETF and ETP industry insights report.
At the end of June 2017, the European ETF/ETP industry had 2,286 ETFs/ETPs, with 7,227 listings, assets of US$686 Bn, from 60 providers listed on 27 exchanges in 22 countries.
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Source: ETFGI
Brexit set to raise UK banks' costs 4% and capital needs 30%
July 31, 2017--Most detailed assessment yet comes amid risk of resources shift to US and Asia
Brexit will push up costs for banks by as much as 4 per cent and their capital requirements will rise by up to 30 per cent, according to the most detailed assessment yet of what Britain's departure from the EU means for the sector.
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Source: FT.com
Flow Traders NV: Flow Traders reports market share gains in 2Q17 and announces interim dividend of EUR0.30
July 28, 2017--Flow Traders N.V. (Euronext: FLOW) today announced its 2Q17 results (unaudited), stating that:
Global ETP Assets under Management (AuM) reached the highest level on record end 2Q17 (in US$) with continuous inflows
Products in which Flow Traders is a registered market maker rose to 5,274 (+27% YTD, +6% Q-o-Q)
Flow Traders 2Q17 ETP Value Traded rose to €184.7bn (+6% Q-o-Q), outperforming the market in EMEA and the Americas. This led to an increase of our ETP Value Traded by 21% Y-o-Y in 1H17 where the market ETP Value Traded declined 12% Y-o-Y
Flow Traders 2Q17 Net Trading Income (NTI) reached €46.7m, reflecting the ongoing slow market conditions and product mix traded
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Source: Flow Traders N.V.
FCA to end LIBOR benchmark before 2022
July 27, 2017--The U.K. Financial Conduct Authority will phase out LIBOR by the end of 2021 Andrew Bailey, the head of the regulator, said in a speech Thursday.
It has become clear there isn't enough meaningful data to sustain the benchmark that underpins more than $350 trillion in securities, he said.
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Source: pionline.com
BlackRock launches diversified commodities ETF
July 27, 2017--BlackRock has launched a new exchange traded fund (ETF)-the iShares Diversified Commodity Swap UCITS ETF (ICOM).
The US investment giant said that it has added the new fund with a remit to deliver exposure to 20 different commodities representing five sectors including: energy, agriculture, industrial metals, precious metals and livestock.
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Source: internationalinvestment.net
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