World's first Turkish bond index ETF launched on Xetra, issued by ZyFin
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.
Name: LAM Alternatif ZyFin Turkey Sovereign Bond UCITS ETF
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)
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Source: Deutsche Börse Cash Market
Multi-venue trading increases,liquidity in EU equity markets despite duplicate orders, ESMA says
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.
view the Economic Report on order duplication and liquidity measurement in EU equity markets
Source: ESMA
KCG adds senior sales trading duo
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
National Statistics: UK official holdings of international reserves: May 2016
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
ESMA publishes updated AIFMD Q&A
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.
view the Q&A on the Application of the AIFMD
Source: ESMA
Schaeffler AG to be included in MDAX
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.
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Source: Deutsche Börse
ETF expert joins BNP Paribas-owned passive shop
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
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
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