ESMA reminds firms of responsibilities when selling bail-in securities
June 2, 2016--The European Securities and Markets Authority (ESMA) has today published a Statement reminding banks and investment firms ('firms') of their responsibility to act in their clients' best interests when selling bail-in-able financial instruments.
New Banking Recovery and Resolution Directive (BRRD) rules in force since January 2016 mean firms are likely to issue a significant amount of potentially loss-bearing instruments to fulfil their obligations and ESMA is concerned investors-in particular retail investors-are unaware of the risks they may face when buying these instruments.
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Source: ESMA
Turnover at Deutsche Boerse's cash markets at 103.8 billion euros in May
June 1, 2016--Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €103.8 billion in May (May 2015: €125.6 billion).
Of the €
103.8 billion, €
96.1 billion were attributable to Xetra (May 2015: €
117.1 billion). The average daily turnover on Xetra stood at €4.6 billion in May (May 2015: €6.2 billion). A turnover of €2.9 billion was attributable to Börse Frankfurt (May 2015: €3.7 billion).
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Source: Deutsche Börse Cash Market
Recommended all-share merger between LSEG plc and Deutsche Boerse AG: Publication of Scheme Document, Exchange Offer Document and HoldCo Prospectus
June 1, 2016--The Merger gives shareholders the opportunity to participate in value creation in a world-leading, market infrastructure group anchored in Europe.
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Source: Deutsche Börse
Invesco Powershares launches two high dividend low volatility ETFs
June 1, 2016--Invesco PowerShares has listed the PowerShares FTSE UK High Dividend Low Volatility UCITS ETF and the PowerShares FTSE Emerging Markets High Dividend Low Volatility UCITS ETF on London Stock Exchange.
Bryon Lake, head of Invesco PowerShares -EMEA, says: "These new ETFs complement our existing High Dividend Low Volatility range and, collectively, provide a suite of products seeking to help in the search for yield in the UK and emerging markets, while operating in an uncertain equity environment."
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Source: ftseglobalmarkets.com
ESMA publishes updated Q&A on CFDs and other speculative products
June 1, 2016--The European Securities and Markets Authority (ESMA) has published today an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contracts for difference (CFDs) and other speculative products to retail clients (such as binary options and rolling spot forex).
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view the Q&A on the provision of CFDs and other speculative products to retail investors under MiFID
Source: ESMA
Deutsche Boerse and Taiwan Futures Exchange enter into market data partnership
Deutsche Börse to act as licensor of TAIFEX market data to international clients
May 31, 2016-- Taiwan Futures Exchange (TAIFEX) and Deutsche Börse Market Data + Services signed a market data partnership agreement, under which Deutsche Börse will act as the licensor of TAIFEX market data and information products to all international clients.
Therefore, clients will be able to benefit from the state-of-the-art licensing services offered by Deutsche Börse, which already functions as a licensing partner for a whole range of trading venues around the globe such as BSE India, Irish Stock Exchange and Bulgarian Stock Exchange.
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Source: Deutsche Börse
Lyxor launches ETFs tracking inflation expectations
May 31, 2016--Lyxor has launched the Lyxor USD 10Y Inflation Breakeven Ucits and the Lyxor EUR 2-10Y Inflation Breakeven Ucits ETFs.
These ETFs seek to provide exposure only to changing inflation expectations through the spread between traditional bond yields and those of inflation linked bonds, without the risk of changes in interest rates.
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Source: investmenteurope.net
Monetary developments in the euro area: April 2016
May 31, 2016--The annual growth rate of the broad monetary aggregate M3 decreased to 4.6% in April 2016, from 5.0% in March.
The annual growth rate of the narrower aggregate M1, which includes currency in circulation and overnight deposits, decreased to 9.7% in April, from 10.1% in March.
The annual growth rate of loans to households stood at 1.5% in April, compared with 1.6% in March.
The annual growth rate of loans to non-financial corporations stood at 1.2% in April, compared with 1.1% in March.
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Source: ECB
ESMA issues opinion on MiFID II standards on ancillary activities
May 30, 2016--The European Securities and Markets Authority (ESMA) has today issued Question and Answers (Q&A) regarding the implementation of the Market Abuse Regulation (MAR).
The MAR Q&A provides common answers to question regarding practical issues regarding the implementation of the new MAR regime. This Q&A clarifies the scope of firms subject...
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Source: ESMA
ESMA issues Q&A on MAR implementation
May 30, 2017--The European Securities and Markets Authority (ESMA) has today issued Question and Answers (Q&A) regarding the implementation of the Market Abuse Regulation (MAR).
The MAR Q&A provides common answers to question regarding practical issues regarding the implementation of the new MAR regime. This Q&A clarifies the scope of firms subject...
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Source: ESMA