Lyxor ETF Research : ANOTHER WEEK OF CENTRAL BANK DECISIONS
March 15, 2016--1-ECB Kitchen-sink list of reforms: The ECB monetary package delivered on Thursday 10 March came much above expectations as accommodation was accelerated on 4 points: (1) QE monthly purchases stepped up from 60 to 80Bn€
(2) with the scope of assets extended to non-bank corporate debt, (3) all three policy rates cut (-10bps on the deposit rate to -40bps, -5bps on the Main Refinancing Operations rate to 0bps and -5bps on the Marginal lending facility rate to 25bps),(4) a new series of TLTRO starting in June 2016 (under which banks will be remunerated positively to borrow).
Lyxor Cross Asset Research believe that the ECB's heavy artillery has potential to spur reflation dynamics, but no safety net.
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Source: Lyxor
Turquoise to launch 'A-list' ETF platform
March 14, 2016--Turquoise, the equity trading venue majority-owned by the London Stock Exchange, is to launch a specialist market for exchange-traded funds in a bid to boost liquidity in the products.
The London-based platform has joined forces with TrackInsight, part of investment adviser Koris International, to launch a market segment for trading only highly rated ETFs.
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Source: Financial News
ESMA consults on Securities Financing Transaction Regulation
Friday 11, 2016--The European Securities and Markets Authority (ESMA) has issued today a Discussion Paper (DP) on rules under the Securities Financing Transaction Regulation (SFTR).
The SFTR, published in December 2015, is the European Union’s response to the global initiative to bring more transparency to shadow banking activities. The new rules on transparency require both financial and non-financial market participants to report details of their securities financing...
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Source: ESMA
Eurozone Financial Transaction Tax Plan Stalls, Says Minister
French Finance Minister Michel Sapin attributes issues to political uncertainty
March 10, 2016--A plan by eurozone countries to tax financial transactions has stalled amid concerns about details of the proposal and political uncertainty in several nations of the currency bloc, French Finance Minister Michel Sapin said Thursday.
His remarks signal yet more trouble for the plan, which has been championed by France and Germany for the past five years as a way to raise revenue in the age of government austerity while tamping down on harmful financial speculation.
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Source: Wall Street Journal
Source issues first smart beta ETF from FTSE RAFI Equity Income index family in Europe on Xetra
ETF based on European companies with high and sustainable dividend income
March 10, 2016--A new equity index fund from the ETF offering issued by Source has been tradable in Deutsche Börse's XTF segment on Xetra and Börse Frankfurt since Tuesday.
Name: Source FTSE RAFI Europe Equity Income Physical UCITS ETF
Asset class: equity index ETF
ISIN: DE000A143TJ9
Total expense ratio: 0.35 percent
Distribution policy: distributing
Benchmark: FTSE RAFI Developed Europe Equity Income Index
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Source: Deutsche Börse Cash Market:
Ossiam Japan Minimum Variance ETF with currency hedging launched on Xetra
ETF tracks performance of most liquid Japanese companies with low variance
March 9, 2016--A new equity index fund issued by Ossiam has been tradable in Deutsche Börse's XTF segment via Xetra and Börse Frankfurt since Wednesday, 9 March.
ETF name: Ossiam Japan Minimum Variance NR-UCITS ETF Hedged Index 1C (EUR)
Asset class: equity index ETF
ISIN: LU1254453902
Total expense ratio: 0.65 per cent
Distribution policy: accumulating
Benchmark: Japan Minimum Variance Euro Hedged Index
The new Ossiam Japan Minimum Variance ETF enables investors to participate in the performance of the most liquid Japanese stock corporations in the S&P/TOPIX 150 Index and to benefit from currency hedging of the yen against the euro
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Source: Deutsche Börse Cash Market:
ESAs publish final draft technical standards on margin requirements for non-centrally cleared derivatives
March 9, 2016--The Joint Committee of the European Supervisory Authorities (EBA, EIOPA, ESMA-ESAs) published the final draft Regulatory Technical Standards (RTS) outlining the framework of the European Market Infrastructure Regulation (EMIR).
These RTS cover the risk mitigation techniques related to the exchange of collateral to cover exposures arising from non-centrally cleared over-the-counter (OTC) derivatives. They also specify the criteria concerning intragroup exemptions and the definitions of practical and legal impediments to the prompt transfer of funds between counterparties.
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Source: ESMA
WisdomTree Europe's Boost Short & Leverage ETP range hits new trading volume record in February
March 8, 2016-Boost ETP, Europe's award winning, specialist Short & Leverage (S&L) Exchange-Traded Product (ETP) provider reaches a record $1.5bn of total monthly exchange turnover in February this year.
This record turnover across all 64 Boost short & leverage products this past month represents a 186% increase year-on-year and 22% since January.
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Source: Boost ETP
Deutsche Borse announces new leadership structure within Market Data + Services
March 8, 2016--Deutsche Börse Group today announced changes in the leadership structure of its Market Data + Services (MD+S) business area, which is part of the recently created division "IT & Operations, Data & New Asset Classes", headed by Deputy Group CEO Andreas Preuss
With immediate effect, MD+S activities will be bundled in four major service lines: Regulatory Services, Data Services, Index Services (incl. STOXX) and Infrastructure Services
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Source: Deutsche Börse
Implementation of new leadership structure for Eurex trading and clearing business
March 8, 2016--Effective 7 March 2016, Thomas Book, Managing Director at Deutsche Börse Group, has been appointed CEO of the Eurex Frankfurt AG and Eurex Zürich AG as part of his new role as Head of Derivatives Markets Trading for Deutsche Bouml;rse Group.
Michael Peters was appointed new Deputy CEO of Eurex Frankfurt AG and has been a member of this Executive Board since 2006.
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Source: Eurex