European macro outlook political risk at the gates: If 2017 is no threat to equities, it is for the Euro and peripheral bonds
January 18, 2017--Given the near term economic outlook is solidifying in the US, stabilising in the emerging markets and moderating in Europe, we believe that European equity markets should prove resilient to the looming European political uncertainty in 2017 that could redefine the European economic and financial landscape for decades.
For now, the banks' efforts to fast-track restructuring and recapitalisation ahead of potential political fallout in 2017 are driving increased European equities strength.
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Source: WisdomTree Europe
EBA and ESMA call to clarify margin requirements between CRR and EMIR
January 18, 2017--The European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA) published today their joint report on the functioning of the Capital Requirements Regulation (EU) No 575/2013 (CRR) with the European Market Infrastructure Regulation (EU) No 648/2012 (EMIR).
The report calls for the requirements for credit, market, and counterparty credit risk in the CRR to be clarified. This clarification should ensure that only risks not already covered by specific financial resources for activities not related to clearing are to be covered by CRR requirements..
ENISA report on blockchain technology and security
January 18, 2017--Blockchain is a distributed ledger which maintains all transactions and assets and is updated by a number of counterparties. Financial institutions are investing in the technology-in what is hoped-to automate processes and remove "human" errors.
This may help towards lowering transactional and operational costs by releasing the finance sector from its legacy systems.
A World Economic Forum[1] report reveals that over one billion euros are invested in blockchain technology startups. Despite the potential cost savings, it remains important to assess what the security implications of Blockchain implementations might be.
view the Distributed Ledger Technology & Cybersecurity-Improving information security in the financial sector report
Source: European Union Agency for Network and Information Security (ENISA)
New ETF Listing on Euronext-VANGUARD USDEMGVBN
January 18, 2017--Euronext is pleased to announce that Amundi will list 1 new ETF on 18/01/2017:
ISIN: IE00BZ163L38
ETF Trading name:VANGUARD USDEMGVBN
ETF Symbol: VEMT
Venue: Euronext Amsterdam
Underlying index: Bloomberg Barclays EM USD Sovereign + Quasi-Sov Index
TER (%): 0,25
Euronext now offers 752 Trackers listed on the European markets.
more info
Source: Euronext
Official Statistics: Forecasts for the UK economy: January 2017
January 18, 2017--Forecasts for the UK economy is a monthly comparison of independent forecasts.
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Source: HM Treasury
De Freitas moves upstairs at BlackRock
January 17, 2017--Manager of giant €9.7 billion index-tracking fund moves upstairs to become non-exec director.
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Source: fnlondon.com
SCM Direct finds smart beta ETFs beat human active fund managers in 2016
January 17, 2017--New research from SCM Direct into smart beta ETFs claims that while they are by no means perfect, they can be a much better investment choice than traditionally managed active funds.
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Source: wealthadviser.co
Brexit drives push for bigger Frankfurt role in exchange merger
January 17, 2017--Germany and the European Central Bank are pushing harder for Deutsche Boerse (DB1Gn.DE) and the London Stock Exchange (LSE.L) to give Frankfurt a greater role once they merge, now Britain is leaving the European Union, people involved said.
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Source: Reuters
MAR guidelines on commodity derivatives now available in all EU languages
January 17, 2017--The European Securities and Markets Authority (ESMA) has issued today the official translations of its final guidelines on commodity derivatives under the Market Abuse Regulation (MAR).
The Guidelines clarify one element of the definition of inside information in relation to commodity derivatives under the Market Abuse Regulation (MAR).
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Source: ESMA
Borsa Italiana: ETFstat December 2016
January 17, 2017--New RFQ functionality
Starting from the 5th December 2016 the new RFQ functionality is live on the ETFplus market.
The aim of the RFQ functionality is to offer to all the market members a fast and efficient way to find on-exchange (but off-book) market makers for large-in-scale trades, without counterparty risk and with an integrated and automated post-trade process.
Records of the Year
The highest trading figures ever recorded: 5,099,137 trades (+3.59% vs 2015) with a turnover €107.73bn (+3.25%).
ETFplus AUM set a new historical record: €52.92bn (47.74bn for ETFs, 5.08bn for ETCs/ETNs and 0.105bn for open-end funds) with a grow of 11.07% compared to December 2015.
10 new issuers: Rivage Investment SAS, AISM Low Volatility Fund, Silk, Eiger Sicav, Finlabo Investment Sicav, Atomo, Sella Gestioni listed their first open funds, while Fullgoal (first Chinese issuer), Structured Invest (Unicredit Group) and ICBC Credit Suisse-WisdomTree listed their first ETFs.
New Listing
In December, 4 new instruments were listed on ETFplus market.
At the end of December there were listed 1147 instruments (720ETFs, 302ETCs/ETNs and 125open-end funds).
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Source: Borsa Italiana
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