Eurex unlocks new hedging tools
July 5, 2017--Europe's largest derivatives exchange has reached another important strategic milestone.
Following the launch of futures and options on the popular MSCI EAFE index that represents the developed markets of Europe, Australasia and the Far East, Eurex has become the only exchange that offers futures and options on all major MSCI indexes.
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Source: Eurex
Key figures SIX Swiss Exchange: June 2017
July 5, 2017--Trading turnover in the first half of 2017 up by 5.3% year-on-year to CHF 723.6 billion. Average trading turnover per day of CHF 5.8 billion
Increase in the number of trades in the first half of 2017 of 2.1% versus the prior year to 25,943,274
Equity and bond indices have made gains in the year to date
Three new companies listed, with Idorsia Ltd the most recent new entrant in June.
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Source: comparic.com
National Statistics: UK official holdings of international reserves: June 2017
July 5, 2017--This monthly release shows details of movements in the UK's official holdings of international reserves, or assets.
These consist of gold, foreign currency assets and International Monetary Fund assets.
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Source: HM Treasury
ESMA publishes Benchmarks Regulation Q&A on transitional provisions
July 5, 2017--The European Securities and Markets Authority (ESMA) has published its Q&A on practical questions regarding the implementation of the Benchmarks Regulation (BMR).
The Q&A include two answers regarding the transitional provisions under the BMR, clarifying which benchmarks supervised entities will be allowed to use after 1 January 2018 thanks to the transitional provisions.
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Source: ESMA
European Supervisory Authorities publish Q&A on the Key Information Document (KID)
July 5, 2017--Today, the European Supervisory Authorities (ESAs) published the first set of Questions and Answers (Q&A) related to the Key Information Document (KID) requirements for Packaged Retail and Insurance-based Investment Products (PRIIPs) laid down in the European Commission Delegated Regulation (EU) 2017/653.
This Q&A document aims at promoting common supervisory approaches and practices in the implementation of the KID.
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Source: ESMA
Vanguard recruits for renewed European push
July 4, 2017--Vanguard, the $4tn US index fund managerm has hired a new sales chief for continental Europem responsible for co-ordinating an expansion drive in the region.
Thomas Merz will be based in Zurich and report to Sean Hagerty, head of Europe, Vanguard said in a statement. He will oversee European distribution, excluding the UK.view more
Source: fnlondon.com
UBS launches currency-hedged MSCI Europe ETF on LSE
July 4, 2017--UBS has launched the UBS MSCI Europe UCITS hedged GBP ETF (UBEU) on the London Stock Exchange, providing exposure to approximately 85% of the market capitalization across 15 developed markets in Europe while hedging currency risk relative to the British pound.
The move follows the firm's recent unveiling of a euro-hedged version of the ETF on Deutsche Börse's Xetra and Frankfurt exchanges.
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Source: etfstrategy.co.uk
ULTUMUS-Global ETF Monitor-Europe
July 4, 2017--Lyxor has cross-listed two bond ETFs into London that target riskier and sub-investment grade corporate bonds.
The Lyxor BofAML $ Short Term High Yield Bond UCITS ETFs (HYST, STUB) track the BofA Merrill Lynch US High Yield Constrained Index, which is made up mostly of BB and B graded bonds issued in the US.
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Source: ULTUMUS-Financial Data Management
FOI release-Economic growth forecasts
July 4, 2017--The Treasury responds to a question about published information on economic growth forecasts for the UK.
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Source: HM Treasury
ESMA provides interim transparency calculations for MiFID II
July 3, 2017--The European Securities and Markets Authority (ESMA) has issued today an opinion with interim transparency calculations for non-equity instruments in relation to the implementation of the Markets in Financial Instruments Directive/Markets in Financial Instruments Regulation (MiFID II).
These calculations specify the transparency regime applicable to trading in secondary markets from 3 January 2018, when MiFID II will enter into force.
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Source: ESMA
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