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
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
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