UniCredit eyes deal with Amundi to ease investor worries
December 4, 2016--Italy's largest bank hopes deal will settle market jitters over political instability
UniCredit is set to agree the sale of asset manager Pioneer to France's Amundi for more than €3bn, boosting its capital as Italy's largest bank moves to differentiate itself from distressed Tuscan rival Monte dei Paschi di Siena.
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Source: FT.com
70% of asset managers fear Brexit fund passport loss
December 4, 2016--Concern over access to EU single market rife among UK investment professionals.
More than two-thirds of investment professionals believe UK asset managers will not be able to sell their funds freely across the EU following Britain's departure from the economic bloc, according to a poll conducted exclusively for FTfm by PwC.
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Source: FT.com
Morningstar's Mansueto: We want to offer robo to UK pension savers
December 2, 2016--Data provider's founder sits down with FN to outline strategy, saying it wants to be the 'arms supplier' to consultants.
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Source: Financial News
Monthly Report- Eurex boosts capital efficiencies for KOSPI 200 investors
December 2, 2016--Successful cooperation with KRX Record volumes in KOSPI 200 Options Eurex-Europe's largest derivatives exchange- has allowed investors in Korea's equity benchmark KOSPI 200 Index to more easily hedge their options exposures, by using Eurex Mini KOSPI-200-Futures as a hedging tool via the same trading platform.
"This may also result in capital efficiencies, since market investors only need one clearing house", said Michael Peters, Deputy CEO of Eurex, when presenting the monthly derivatives trading statistics of Deutsche Börse Group
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Source: Eurex
Boerse Stuttgart generates turnover in the region of EUR 7.1 billion in November
December 2, 2016--November US election causes significant growth in turnover in all asset classes
Highest trading volume since June 2016 following Brexit vote
According to its order book statistics, Boerse Stuttgart generated turnover of around EUR 7.1 billion in November 2016. This represents a month-on-month increase of more than 22 percent in the trading volume. The reason for the increased trading activity was the US presidential election on 8 November.
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Source: Boerse Stuttgart
Hackers try to steal $45m from Russia's central bank
December 2, 2016--Regulator buries disclosure in 70-page report on risks to financial system.
ESMA to provide free credit ratings information to public
The European Securities and Markets Authority (ESMA) has today launched its new database, the European Rating Platform (ERP), to provide access to free, up-to-date information on credit ratings and rating outlooks on its website.
The ERP is an important element of ESMA's work, following the financial crisis, to increase transparency around credit ratings and help investors make informed decisions.
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Source: ESMA
STOXX Smart-Beta Indices to Underlie Mutual Fund
December 1, 2016--STOXX Ltd., the operator of Deutsche Böerse Group's index business, and a global provider of innovative and tradable index concepts, today announced that several indices of STOXX's smart-beta index suite were licensed by Ersel Asset Management SGR (Ersel) to underlie a new mutual fund.
Ersel is an Italian based asset management firm that manages and places mutual funds.
view more Naga Group andDeutsche Borse form the joint venture Switex view more
Ersel is an Italian based asset management firm that manages and places mutual funds.
Source: STOXX
December 1, 2016--Switex to create the first standardized and independent market for trading virtual game items.
Naga to manage Switex based on its technological leadership while Deutsche Börse Group to supply market expertise
Source: Deutsche Börse