First smart beta ETF from NASDAQ AlphaDEX index family issued by First Trust on Xetra
April 6, 2016--The first equity index ETF from First Trust has been tradable via Xetra and Bürse Frankfurt since Wednesday. Smart beta ETFs enable European investors to participate in the performance of the NASDAQ AlphaDEX Germany Index with the aim of generating positive alpha compared to indices traditionally weighted by market capitalisation.
The NASDAQ AlphaDEX Germany Index comprises 40 companies with registered offices in Germany that are included in the underlying NASDAQ Germany Index. Companies
ESMA publishes updated AIFMD Q&A
April 5, 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 notification requirements relating to additional investment in existing Alternative Investment Funds (AIFs).
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Source: ESMA
ESMA publishes updated UCITS Q&A
April 5, 2016--The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).
The Q&A includes a new question and answer on UCITS investment in UCITS feeder funds.
view the ESMA Q&A Application of the UCITS Directive
Source: ESMA
Global Exchange Market expands to include listing of investment funds
April 4, 2016--The Irish Stock Exchange (ISE) has expanded the Global Exchange Market (GEM) to include the listing of investment funds.
Investment managers now have a choice of two markets when listing on the Irish Stock Exchange-the Main Securities Market (MSM) and the GEM.
The ISE currently lists over 7,000 investment fund securities on the MSM and is the #1 venue for listing funds worldwide according to recent statistics published by the World Federation of Stock Exchanges.
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Source: Irish Stock Exchange
Boerse Stuttgart Reports March Turnover In Region Of EUR 6.9 Billion
April 4, 2016--Trading volume on a par with previous month//Figures show increased trading in equities and bonds
Based on the order book statistics, turnover at Boerse Stuttgart in March 2016 was around EUR 6.9 billion, roughly on a par with the total for February.
Securitised derivatives generated the lion's share of turnover with a trading volume in excess of EUR 2.9 billion. Leverage products contributed around EUR 1.6 billion, while turnover from trading in investment products was slightly up on the previous month at around EUR 1.4 billion
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Source: Boerse Stuttgart
MiFID II-ESMA: no need to temporarily exclude ETDs from open access to trading venues and CCPs
April 4, 2016--The European Securities and Markets Authority (ESMA) sees no need to temporarily exclude exchange-traded derivatives (ETDs) from non-discriminatory access to central counterparties (CCPs) and trading venues, which will be introduced by the Markets in Financial Instruments Directive (MiFID II) and Regulation (MiFIR). MiFIR requires ESMA to assess whether ETDs should be exempted for a period of 30 months from the non-discriminatory access provisions.
ESMA's analysis found that open access to ETDs does not create undue risks to the overall stability and orderly functioning of European financial markets.
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Source: ESMA
Lombard Odier IM and ETF Securities partner to offer fundamental fixed income ETFs
April 1, 2016--Launch offers investors a range of fundamentally-weighted, smart beta government and corporate fixed income ETFs
Combines Lombard Odier Investment Managers' fundamental investment expertise with ETF Securities' credentials in product management and secondary market coverage
Collaboration offers Europe's first range of fundamental fixed income ETFs to a wider range of investors
Lombard Odier Investment Managers ("Lombard Odier IM"), a pioneer in smart beta fixed income investing, and ETF Securities, one of the world's leading innovators of exchange traded products ("ETPs"), have partnered to offer a range of transparent, cost-effective and UCITS-compliant fundamentally-weighted fixed income ETFs.
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SOurce: ETF Securities
ESMA publishes updated Q&A on the Market Abuse Directive "MAD"
April 1, 2016--The European Securities and Markets Authority (ESMA) has published an updated Questions and Answers (Q&A) on the common operation of the Market Abuse Directive "MAD".
The purpose of this document is to promote convergent implementation and application of the market abuse regime by providing responses to specific issues raised by the general public, market participants or competent authorities.
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Source: ESMA
Turnover at Deutsche Borse's cash markets at 120.9 billion euros in March
April 1, 2016--Order book turnover on Xetra, Börse Frankfurt and Tradegate Exchange across all asset classes stood at €120.9 billion in March (March 2015: €162.6 billion).
Of the €120.9 billion, €111.7 billion were attributable to Xetra (March 2015: €146.8 billion). The average daily turnover on Xetra stood at €5.3 billion in March (March 2015: €6.7 billion). A turnover of €3.5 billion was attributable to Börse Frankfurt (March 2015: €6.8 billion). Order book turnover on Tradegate Exchange* totalled approximately €5.6 billion in March (March 2015: €9.1 billion).
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Source: Deutsche Börse Cash Market
ESMA publishes UCITS remuneration guidelines
March 31, 2016--The European Securities and Markets Authority (ESMA) has published its final Guidelines on sound remuneration policies under the UCITS Directive and AIFMD.
ESMA has also written to the European Commission, European Council and European Parliament on the proportionality principle and remuneration rules in the financial sector.
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Source: ESMA
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