ESMA issues Technical Standards for European Long-Term Investment Funds
June 8, 2016--The European Securities and Markets Authority (ESMA) has today published its Final Report and draft Regulatory Technical Standards (RTS) for Regulation (EU) 2015/760, the European Long-Term Investment Fund Regulation (ELTIF).
The ELTIF Regulation allows investors to put money into companies and infrastructure projects for the long term and aims to increase the amount of non-bank finance available for companies investing in the EU's real economy.
view the Final Report on Draft RTS under the ELTIF Regulation
Source: ESMA
Deutsche Boerse adapts rules for MDAX, SDAX and TecDAX indices
June 7, 2016--Index composition to be determined quantitatively as of September/Role of Working Committee for Equity Indices redefined.
Deutsche Deutsche Börse is changing the rules for the composition of the MDAX, SDAX and TecDAX indices. As of September 2016, the process for selecting companies in the indices will be purely quantitative as well as completely automated, and aligned with the existing DAX index rules. The Working Committee for Equity Indices, which advises Deutsche Deutsche Börse regarding the selection indices, will continue to provide recom-mendations in respect of rule changes, but will not give any further guidance on the specific composition of the indices going forward.
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Source: Deutsche Börse Cash Market
New Amundi bond index ETF on floating rate corporate bonds launched on Xetra
June 7, 2016--ETF hedged against exchange rate fluctuations
A new exchange-listed bond index ETF issued by Amundi has been tradable on Xetra and Börse Frankfurt since Tuesday.
Name: Amundi ETF Floating Rate USD Corporate UCITS ETF-Hedged EUR
Asset class: bond ETF
ISIN: FR0013141462
Total expense ratio: 0.20 percent
Distribution policy: accumulating
Benchmark: Markit iBoxx USD Liquid FRN Investment Grade Corporates 100 (EUR Hedged)
view more World's first Turkish bond index ETF launched on Xetra, issued by ZyFin
Name: LAM Alternatif ZyFin Turkey Sovereign Bond UCITS ETF view more Multi-venue trading increases,liquidity in EU equity markets despite duplicate orders, ESMA says view the Economic Report on order duplication and liquidity measurement in EU equity markets KCG adds senior sales trading duo National Statistics: UK official holdings of international reserves: May 2016 ESMA publishes updated AIFMD Q&A view the Q&A on the Application of the AIFMD Schaeffler AG to be included in MDAX view more ETF expert joins BNP Paribas-owned passive shop
Source: Deutsche Börse Cash Market
June 7, 2016--ETF physically tracks bonds with differing durations issued by the Republic of Turkey
The world's first Turkish bond index ETF, issued by LAM ZyFin Global Markets, has been tradable on Xetra and Börse Frankfurt since Tuesday.
Asset class: bond ETF
ISIN: IE00BYVJW411
Total expense ratio: 0.89 percent
Distribution policy: accumulating
Benchmark: ZyFin Turkey Sovereign Bond Laddered Index (Total Return, USD)
Source: Deutsche Börse Cash Market
June 6, 2016--The European Securities and Markets Authority (ESMA) has issued today an economic report on order duplication and liquidity measurement in EU equity markets.
Order duplication means that traders replicate the same order on multiple trading venues at the same time. The report, which takes into account high-frequency trading (HFT), finds that overall multi-venue trading has increased the liquidity in EU equity markets. But the report also shows that 20% of orders across European venues are duplicated and 24% of duplicated trades are immediately cancelled if unmatched.
Source: ESMA
June 5, 2016--KCG Holdings has added two senior sales trading staff to its European team, as the electronic market-maker and broker selectively builds its..
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Source: Financial News
June 3, 2016--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
June 3, 2016--The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Alternative Investment Fund Managers Directive (AIFMD).
The Q&A includes a new question and answer on requirements regarding the domicile of EU Alternative Investment Funds (AIFs) which are marketed in the home Member State of the AIF Manager, as well as a new question and answer relating to the marketing of EU feeder AIFs which have a non-EU master AIF. The Q&A also contains two new questions and answers regarding the influence that committed capital can have on the calculation of the total value of assets under management and additional own funds.
Source: ESMA
Deutsche Börse reviews index composition/Changes to be effective as of 20 June 2016
June 3, 2016--On Friday, Deutsche Börse announced changes to its selection indices, which will become effective on 20 June 2016.
The shares of Schaeffler AG will be included in the MDAX index and will replace the shares of Wincor Nixdorf AG, which will move to SDAX. The exclusion of Wincor Nixdorf is based on the fast exit rule; the shares no longer fulfill the market capitalization requirements to remain in the MDAX index.
Source: Deutsche Börse
June 2, 2016--Exchange-traded fund specialist Isabelle Bourcier-twice listed as one of the 100 most influential women in European finance by FN-has taken up a senior role at a passive investment firm owned by BNP Paribas.
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Source: Financila News